Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.092%

Price spread now: Injective against BloFin+3.636%7-day average −1.828% · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.427%−$43 on $10k

Price spread, last 4 days (all we have)−7.289%−$729 · spread now +3.636%, 7d avg −1.828%

Together, before fees−7.716%−$772 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 5.464% dearer against BloFin than usual: you sell high and buy low (spread +3.636% now, against its 7-day average of −1.828%): +$546 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 59 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin KAS-USDT	0.04208	0.0340	pay 0.0170% / 4h	1h 53m	$334K	$267K	75x
Short	Injective KAS/USDC PERP	0.04361	0.0033	get 0.0004% / 1h	53m 53s	$45	$154K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +3.636%Rate

Funding earned: −$64.4
Price spread: +3.636% → −1.828%: $546.37
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $469.95
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 54 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 BloFin live order book, 54 min ago	10.60 bp	18.8 bp −$19	40.8 bp −$408	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 exchanges

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 −0.0008%	1h	0.04191	−0.414%	$13K	—	150x	as long as short
Injective KAS/USDC PERPshort	+0.0033%	1h	0.04361	+3.636%	$45	$154K	5.5x
Aster KASUSDT	+0.0100%	4h	0.04201	−0.171%	$246K	$135K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04193	−0.365%	$3.8M	$13.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04190	−0.428%	$10.5M	$8.0M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04190	−0.428%	$2.1M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04195	−0.309%	$29.0M	$5.2M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04196	−0.285%	$4.4M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04190	−0.428%	$11.5M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04191	−0.404%	—	$53.7M	—	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04187	−0.489%	$22K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0219% / S −0.0776%	1h	0.04189	−0.461%	$5K	—	100x	as long as short
BloFin KAS-USDTlong	+0.0340%	4h	0.04208	long leg	$334K	$267K	75x
Hyperliquid KAS	+0.0660%	1h	0.04200	−0.181%	$2.7M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1507%	1h	0.04196	−0.290%	$290K	$535K	20x	as long as short