Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.074%

Price spread now: BloFin against Gate+0.255%78s7-day average +0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1031.029% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.351%+$35 on $10k

Price spread, last 4 days (all we have)+0.556%+$56 · spread now +0.255%, 7d avg +0.127%

Together, before fees+0.907%+$91 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.128% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.127%. The two prices were read 78 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	Gate KAS_USDT	0.04309	0.0100	pay 0.0100% / 8h	7h 01m	$2.2M	$1.8M	75x
Short	BloFin KAS-USDT	0.04320	0.0340	get 0.0170% / 4h	3h 01m	$350K	$286K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.255%Rate

Funding earned: $50.4
Price spread: +0.255% → +0.127%: $12.78
Slippage, 4 orders: −$75.93
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$39.76
Costs to cover: 1.029%
Break-even: 12.5 days

Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 8 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 Gate live order book, 1 min ago	4.64 bp	24.2 bp −$24	233.6 bp −$2,336	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	3.48 bp	16.0 bp −$16	34.5 bp −$345	136.3 bp −$13.6K	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 −0.0008%	1h	0.04310	+0.023%	$14K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.207%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04316	+0.160%	$253K	$130K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04316	+0.162%	$3.9M	$13.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04310	+0.023%	$10.9M	$7.8M	50x	as long as short
Gate KAS_USDTlong	+0.0100%	8h	0.04309	long leg	$2.2M	$1.8M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04316	+0.162%	$29.6M	$5.3M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04317	+0.186%	$4.5M	$7.1M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04310	+0.023%	$11.8M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04313	+0.093%	—	$53.6M	—	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	0.04315	+0.134%	$23K	$23K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04308	−0.014%	$11K	—	100x	as long as short
BloFin KAS-USDTshort	+0.0340%	4h	0.04320	+0.255%	$350K	$286K	75x
Hyperliquid KAS	+0.0485%	1h	0.04323	+0.334%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0705%	1h	0.04317	+0.179%	$303K	$512K	20x	as long as short