Settings8H · net · $10k
Funding arb · Price arb /

KAS

all KAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0565%/8h= +61.9% APRpaid last 24h +0.056%
Price spread now: Hyperliquid against Aster+0.236%7-day average +0.106% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1261.261% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.061%+$6 on $10k
Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.236%, 7d avg +0.106%
Together, before fees−0.103%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Hyperliquid is 0.129% dearer against Aster than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.106%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.061% in total (about 4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster KASUSDT0.042760.0100pay 0.0050% / 4h1h 42m$251K$146K20x
ShortHyperliquid KAS0.042860.0665get 0.0083% / 1h42m 33s$2.7M$1.1M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$118.63
Price spread: +0.236% → +0.106%
$12.93
Slippage, 4 orders
−$109.08
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$5.48
Costs to cover
1.261%
Break-even
6.7 days
Slippage from Aster: live order book, 64 min ago; Hyperliquid: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 64 min ago14.97 bp44.1 bp −$44doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago3.49 bp24.3 bp −$24doesn't fitdoesn't fitdoesn't fit

KAS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) KAS/USDL +0.0010% / S −0.0001%1h0.04282+0.150%$4K150xas long as short
Injective KAS/USDC PERP+0.0033%1h0.04361+1.992%$45$154K5.5xas long as short
Aster KASUSDTlong+0.0100%4h0.04276long leg$251K$146K20x
Binance KASUSDT+0.0100%4h0.04273−0.074%$4.1M$12.7M75xas long as short
Bybit KASUSDT+0.0100%4h0.04265−0.253%$10.7M$7.8M50xas long as short
Gate KAS_USDT+0.0100%8h0.04267−0.206%$2.1M$1.8M75xas long as short
MEXC KAS_USDT+0.0100%4h0.04273−0.066%$29.4M$5.2M200xas long as short
KuCoin KASUSDTM+0.0100%4h0.04277+0.032%$4.3M$7.4M50xas long as short
Bitget KASUSDT+0.0100%4h0.04268−0.183%$11.7M$3.2M50xas long as short
BingX KAS-USDT+0.0100%4h0.04267−0.206%$67.7Mas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni KAS+0.0100%4h0.04273−0.072%$23K$24Kas long as short
GMX KAS/USD [WBTC.b-USDC]L +0.0282% / S −0.1996%1h0.04282+0.142%$11K100xas long as short
BloFin KAS-USDT+0.0340%4h0.04281+0.121%$367K$292K75xas long as short
Kraken Futures PF_KASUSD+0.0664%1h0.04287+0.269%$306K$502K20xas long as short
Hyperliquid KASshort+0.0665%1h0.04286+0.236%$2.7M$1.1M3x