Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against KuCoin+1.802%7-day average −1.769% · you sell dearer than you buy

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

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−5.716%−$572 · spread now +1.802%, 7d avg −1.769%

Together, before fees−5.816%−$582 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 3.571% dearer against KuCoin than usual: you sell high and buy low (spread +1.802% now, against its 7-day average of −1.769%): +$357 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KASUSDTM	0.04284	0.0100	pay 0.0050% / 4h	37m 09s	$4.4M	$7.2M	50x
Short	Injective KAS/USDC PERP	0.04361	0.0033	get 0.0004% / 1h	37m 09s	$45	$154K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +1.802%Rate

Funding earned: −$14
Price spread: +1.802% → −1.769%: $357.13
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $331.11
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 1 min ago; Injective: no order-book sample. 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 KuCoin live order book, 1 min ago	3.96 bp	34.9 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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/USD	L +0.0010% / S −0.0004%	1h	0.04281	−0.068%	$2K	—	150x	as long as short
Injective KAS/USDC PERPshort	+0.0033%	1h	0.04361	+1.802%	$45	$154K	5.5x
Aster KASUSDT	+0.0100%	4h	0.04285	+0.035%	$252K	$129K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04283	−0.015%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04278	−0.135%	$10.8M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04279	−0.112%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04284	+0.005%	$29.4M	$5.2M	200x	as long as short
KuCoin KASUSDTMlong	+0.0100%	4h	0.04284	long leg	$4.4M	$7.2M	50x
Bitget KASUSDT	+0.0100%	4h	0.04279	−0.112%	$11.7M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04278	−0.135%	—	$40.3M	—	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	0.04298	+0.324%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04279	−0.107%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04286	+0.051%	$364K	$293K	75x	as long as short
Hyperliquid KAS	+0.0459%	1h	0.04291	+0.163%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1058%	1h	0.04285	+0.031%	$306K	$496K	20x	as long as short