Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0172%/8h= +18.9% APRpaid last 24h −0.060%

Price spread now: Hyperliquid against BloFin+0.160%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$760.765% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.290%−$29 on $10k

Price spread, last 3 days (all we have)−0.294%−$29 · spread now +0.160%, 7d avg +0.119%

Together, before fees−0.585%+ Points / potential airdropHyperliquid: Season 2 · farm board−$58 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.041% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.119%. Mind the row above: over the last 7 days funding on this pair cost −0.290%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin KAS-USDT	0.04366	0.0340	pay 0.0170% / 4h	1h 31m	$382K	$219K	75x
Short	Hyperliquid KAS	0.04373	0.0512	get 0.0064% / 1h	31m 19s	$2.9M	$923K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now +0.160%Rate

Funding earned: $36.19
Price spread: +0.160% → +0.119%: $4.09
Slippage, 4 orders: −$55.46
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$36.18
Costs to cover: 0.765%
Break-even: 14.0 days

Slippage from BloFin: live order book, 49 min ago; Hyperliquid: live order book, 10 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 BloFin live order book, 49 min ago	1.14 bp	18.5 bp −$18	62.7 bp −$627	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.68 bp	17.0 bp −$17	doesn't fit	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 −0.0017%	1h	0.04362	−0.100%	$11K	—	150x	as long as short
Kraken Futures PF_KASUSD	+0.0090%	1h	0.04363	−0.075%	$293K	$440K	20x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04368	+0.040%	$256K	$199K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04360	−0.137%	$4.0M	$11.2M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04355	−0.252%	$10.8M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04359	−0.160%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04365	−0.023%	$28.0M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04365	−0.034%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04361	−0.115%	$12.0M	$2.9M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04362	−0.092%	—	$69.5M	—	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	0.04352	−0.309%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0154% / S −0.1557%	1h	0.04362	−0.087%	$11K	—	100x	as long as short
Injective KAS/USDC PERP	+0.0329%	1h	0.04361	−0.115%	$45	$154K	5.5x	as long as short
BloFin KAS-USDTlong	+0.0340%	4h	0.04366	long leg	$382K	$219K	75x
Hyperliquid KASshort	+0.0512%	1h	0.04373	+0.160%	$2.9M	$923K	3x