Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Bybit against Gate+0.068%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$950.954% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days−0.102%−$10 · spread now +0.068%, 7d avg −0.003%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.071% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KAS_USDT	0.04402	0.0100	pay 0.0100% / 8h	7h 08m	$2.2M	$1.7M	75x
Short	Bybit KASUSDT	0.04405	0.0100	get 0.0050% / 4h	3h 08m	$10.9M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → −0.003%: $7.09
Slippage, 4 orders: −$69.42
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$88.32
Costs to cover: 0.954%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 5 min ago	3.42 bp	28.4 bp −$28	191.9 bp −$1,919	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.55 bp	18.4 bp −$18	64.9 bp −$649	doesn't fit	doesn't fit

KAS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0001%	1h	0.04403	+0.024%	$5K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−0.931%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04404	+0.049%	$260K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04408	+0.136%	$4.1M	$11.7M	75x	as long as short
Bybit KASUSDTshort	+0.0100%	4h	0.04405	+0.068%	$10.9M	$7.2M	50x
Gate KAS_USDTlong	+0.0100%	8h	0.04402	long leg	$2.2M	$1.7M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04407	+0.114%	$28.5M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04405	+0.061%	$4.3M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04404	+0.045%	$12.1M	$2.9M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04404	+0.045%	—	$67.8M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04394	−0.187%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0292% / S −0.5848%	1h	0.04403	+0.018%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04410	+0.182%	$381K	$266K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0400%	1h	0.04407	+0.122%	$310K	$467K	20x	as long as short
Hyperliquid KAS	+0.0476%	1h	0.04414	+0.282%	$2.8M	$1.0M	3x	as long as short