Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h −0.004%

Price spread now: Aster against Hyperliquid−0.069%7-day average −0.102% · you buy dearer than you sell

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

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.069%, 7d avg −0.102%

Together, before fees+0.013%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.033% dearer against Hyperliquid than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid KAS	0.04382	0.0100	pay 0.0013% / 1h	49m 59s	$2.9M	$905K	3x
Short	Aster KASUSDT	0.04379	0.0125	get 0.0062% / 4h	2h 49m	$257K	$197K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.069%Rate

Funding earned: $5.17
Price spread: −0.069% → −0.102%: $3.33
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.5
Costs to cover: 0.170%
Break-even: 18.5 days

Slippage unknown: Hyperliquid: live order book, 1 min ago; Aster: live order book, 36 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 Hyperliquid live order book, 1 min ago	4.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 36 min ago	5.61 bp	22.7 bp −$23	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	−0.0191%	1h	0.04379	−0.070%	$290K	$431K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04423	+0.943%	$46	$102K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04377	−0.109%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0035% / S +0.0052%	1h	0.04376	−0.121%	$4K	—	100x	as long as short
Hyperliquid KASlong	+0.0100%	1h	0.04382	long leg	$2.9M	$905K	3x
Binance KASUSDT	+0.0100%	4h	0.04379	−0.064%	$4.0M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04376	−0.130%	$10.8M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04373	−0.199%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04378	−0.084%	$27.8M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04374	−0.183%	$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	0.04374	−0.176%	$12.0M	$2.9M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04375	−0.153%	—	$69.1M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04377	−0.107%	$26K	$20K	—	as long as short
Aster KASUSDTshort	+0.0125%	4h	0.04379	−0.069%	$257K	$197K	20x
BloFin KAS-USDT	+0.0340%	4h	0.04378	−0.084%	$389K	$225K	75x	as long as short