Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Bybit against Gate+0.023%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$950.946% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.023%, 7d avg −0.002%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.025% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KAS_USDT	0.04322	0.0100	pay 0.0100% / 8h	5h 38m	$2.1M	$1.8M	75x
Short	Bybit KASUSDT	0.04323	0.0100	get 0.0050% / 4h	1h 38m	$10.7M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.002%: $2.51
Slippage, 4 orders: −$68.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$92.13
Costs to cover: 0.946%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago	4.62 bp	26.6 bp −$27	208.1 bp −$2,081	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.31 bp	22.4 bp −$22	69.0 bp −$690	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 −0.0001%	1h	0.04323	+0.031%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.902%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04328	+0.149%	$254K	$167K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04328	+0.139%	$4.1M	$12.4M	75x	as long as short
Bybit KASUSDTshort	+0.0100%	4h	0.04323	+0.023%	$10.7M	$7.5M	50x
Gate KAS_USDTlong	+0.0100%	8h	0.04322	long leg	$2.1M	$1.8M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04326	+0.093%	$28.9M	$4.7M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04326	+0.083%	$4.2M	$7.1M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04325	+0.069%	$11.9M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04327	+0.116%	—	$67.9M	—	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	0.04322	−0.008%	$26K	$20K	—	as long as short
Kraken Futures PF_KASUSD	+0.0115%	1h	0.04327	+0.106%	$307K	$495K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0291% / S −0.5848%	1h	0.04323	+0.023%	$12K	—	100x	as long as short
Hyperliquid KAS	+0.0333%	1h	0.04332	+0.234%	$2.8M	$1.1M	3x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04328	+0.139%	$385K	$278K	75x	as long as short