Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Bitget+0.345%7-day average −1.916% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−2.644%−$264 · spread now +0.345%, 7d avg −1.916%

Together, before fees−2.716%−$272 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.261% dearer against Bitget than usual: you sell high and buy low (spread +0.345% now, against its 7-day average of −1.916%): +$226 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KASUSDT	0.04346	0.0100	pay 0.0050% / 4h	1h 34m	$11.9M	$3.1M	50x
Short	Injective KAS/USDC PERP	0.04361	0.0033	get 0.0004% / 1h	34m 34s	$45	$154K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now +0.345%Rate

Funding earned: −$14
Price spread: +0.345% → −1.916%: $226.06
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $200.04
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

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 Bitget live order book, 4 min ago	3.47 bp	20.2 bp −$20	50.3 bp −$503	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.04347	+0.023%	$4K	—	150x	as long as short
Injective KAS/USDC PERPshort	+0.0033%	1h	0.04361	+0.345%	$45	$154K	5.5x
Binance KASUSDT	+0.0100%	4h	0.04349	+0.069%	$4.2M	$12.4M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04347	+0.023%	$10.8M	$7.5M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04345	−0.023%	$2.2M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04350	+0.092%	$29.1M	$4.7M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04353	+0.161%	$4.2M	$7.1M	50x	as long as short
Bitget KASUSDTlong	+0.0100%	4h	0.04346	long leg	$11.9M	$3.1M	50x
BingX KAS-USDT	+0.0100%	4h	0.04346	0.000%	—	$67.9M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04344	−0.054%	$26K	$20K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0101%	4h	0.04347	+0.013%	$255K	$167K	20x	as long as short
Kraken Futures PF_KASUSD	+0.0115%	1h	0.04348	+0.041%	$308K	$495K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0291% / S −0.5848%	1h	0.04347	+0.035%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04353	+0.161%	$386K	$280K	75x	as long as short
Hyperliquid KAS	+0.0349%	1h	0.04355	+0.216%	$2.8M	$1.1M	3x	as long as short