Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%

Price spread now: Hyperliquid against Gate+0.366%7-day average +0.193% · you sell dearer than you buy

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

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 7 days−0.181%−$18 · spread now +0.366%, 7d avg +0.193%

Together, before fees−0.092%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 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: Hyperliquid is 0.173% dearer against Gate than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.193%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KAS_USDT	0.04344	0.0100	pay 0.0100% / 8h	2h 44m	$2.1M	$1.6M	75x
Short	Hyperliquid KAS	0.04360	0.0100	get 0.0013% / 1h	44m 49s	$2.8M	$911K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.366%Rate

Funding earned: $0
Price spread: +0.366% → +0.193%: $17.32
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$6.68
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 min ago; Hyperliquid: live order book, 6 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 Gate live order book, 3 min ago	8.02 bp	25.1 bp −$25	162.9 bp −$1,629	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	4.57 bp	18.6 bp −$19	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
Kraken Futures PF_KASUSD	−0.0192%	1h	0.04355	+0.263%	$288K	$432K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04423	+1.819%	$46	$102K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04350	+0.130%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0035% / S +0.0046%	1h	0.04349	+0.120%	$4K	—	100x	as long as short
Hyperliquid KASshort	+0.0100%	1h	0.04360	+0.366%	$2.8M	$911K	3x
Binance KASUSDT	+0.0100%	4h	0.04351	+0.170%	$4.0M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04348	+0.092%	$10.7M	$7.1M	50x	as long as short
Gate KAS_USDTlong	+0.0100%	8h	0.04344	long leg	$2.1M	$1.6M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04351	+0.161%	$27.8M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04348	+0.083%	$4.2M	$6.8M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KASUSDT	+0.0100%	4h	0.04344	0.000%	$11.9M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04347	+0.069%	—	$69.1M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04362	+0.415%	$26K	$20K	—	as long as short
Aster KASUSDT	+0.0122%	4h	0.04355	+0.252%	$256K	$197K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04369	+0.576%	$390K	$224K	75x	as long as short