Funding arb · Price arb /

KAS

all KAS markets

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 −0.005%

Price spread now: Bybit against Aster−0.231%7-day average −0.126% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1091.089% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.231%, 7d avg −0.126%

Together, before fees+0.087%+ Points / potential airdropAster: Stage 5 · farm board+$9 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 0.105% cheaper against Aster than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.126%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster KASUSDT	0.04314	0.0100	pay 0.0050% / 4h	3h 09m	$254K	$146K	20x
Short	Bybit KASUSDT	0.04304	0.0100	get 0.0050% / 4h	3h 09m	$10.8M	$7.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now −0.231%Rate

Funding earned: $0
Price spread: −0.231% → −0.126%: −$10.49
Slippage, 4 orders: −$89.94
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$119.43
Costs to cover: 1.089%
Break-even: never at this rate

Slippage from Aster: live order book, 42 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 Aster live order book, 42 min ago	12.69 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.16 bp	17.2 bp −$17	62.6 bp −$626	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	0.04305	−0.206%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.090%	$45	$154K	5.5x	as long as short
Aster KASUSDTlong	+0.0100%	4h	0.04314	long leg	$254K	$146K	20x
Binance KASUSDT	+0.0100%	4h	0.04310	−0.092%	$4.1M	$12.8M	75x	as long as short
Bybit KASUSDTshort	+0.0100%	4h	0.04304	−0.231%	$10.8M	$7.8M	50x
Gate KAS_USDT	+0.0100%	8h	0.04306	−0.185%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04311	−0.069%	$29.0M	$4.9M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04310	−0.083%	$4.3M	$7.3M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04306	−0.185%	$11.8M	$3.2M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04308	−0.138%	—	$67.7M	—	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	0.04308	−0.134%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0283% / S −0.1996%	1h	0.04304	−0.236%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04317	+0.070%	$379K	$295K	75x	as long as short
Hyperliquid KAS	+0.0580%	1h	0.04315	+0.036%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0592%	1h	0.04314	+0.008%	$305K	$510K	20x	as long as short