Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.039%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$990.994% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days−0.086%−$9 · spread now −0.039%, 7d avg −0.096%

Together, before fees−0.097%−$10 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 0.057% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KASUSDTM	0.04350	0.0100	pay 0.0050% / 4h	2h 49m	$4.3M	$7.4M	50x
Short	Bybit KASUSDT	0.04348	0.0100	get 0.0050% / 4h	2h 49m	$10.9M	$7.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.096%: $5.74
Slippage, 4 orders: −$76.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$93.67
Costs to cover: 0.994%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 4 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 KuCoin live order book, 3 min ago	4.60 bp	33.2 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.15 bp	15.2 bp −$15	57.9 bp −$579	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	0.04349	−0.016%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.260%	$45	$154K	5.5x	as long as short
Hyperliquid KAS	+0.0100%	1h	0.04356	+0.149%	$2.8M	$1.1M	3x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04348	−0.030%	$256K	$145K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04351	+0.030%	$4.1M	$12.8M	75x	as long as short
Bybit KASUSDTshort	+0.0100%	4h	0.04348	−0.039%	$10.9M	$7.8M	50x
Gate KAS_USDT	+0.0100%	8h	0.04346	−0.085%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04350	+0.007%	$29.2M	$4.8M	200x	as long as short
KuCoin KASUSDTMlong	+0.0100%	4h	0.04350	long leg	$4.3M	$7.4M	50x
Bitget KASUSDT	+0.0100%	4h	0.04350	+0.007%	$12.0M	$3.2M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KAS-USDT	+0.0100%	4h	0.04348	−0.039%	—	$67.7M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04340	−0.229%	$24K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0284% / S −0.1996%	1h	0.04350	+0.016%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04343	−0.154%	$373K	$293K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0374%	1h	0.04351	+0.037%	$306K	$505K	20x	as long as short