Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.027%

Price spread now: Bybit against gTrade (Gains Network)−0.209%52s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.209% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.209% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 7.7 days of funding at the current rate (+$3 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) KAS/USD	0.04264	L +0.0010% / S −0.0008%	pay 0.0001% / 1h	31m 35s	$14K	—	150x
Short	Bybit KASUSDT	0.04255	0.0100	get 0.0050% / 4h	3h 31m	$10.8M	$7.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now −0.209%Rate

Funding earned: $18.96
Price spread: −0.209% → 0.000%: −$20.94
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.98
Costs to cover: 0.210%
Break-even: 15.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 2 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	1.17 bp	15.8 bp −$16	54.6 bp −$546	doesn't fit	doesn't fit

gTrade (Gains Network): 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/USDlong	L +0.0010% / S −0.0008%	1h	0.04264	long leg	$14K	—	150x
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+2.277%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04260	−0.087%	$250K	$131K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04261	−0.072%	$3.9M	$13.1M	75x	as long as short
Bybit KASUSDTshort	+0.0100%	4h	0.04255	−0.209%	$10.8M	$7.9M	50x
Gate KAS_USDT	+0.0100%	8h	0.04259	−0.116%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04261	−0.069%	$29.3M	$5.3M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04263	−0.012%	$4.4M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04259	−0.116%	$11.7M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04259	−0.116%	—	$53.7M	—	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	0.04272	+0.184%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04263	−0.029%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04274	+0.236%	$357K	$289K	75x	as long as short
Hyperliquid KAS	+0.0446%	1h	0.04267	+0.077%	$2.7M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0713%	1h	0.04263	−0.029%	$303K	$499K	20x	as long as short