Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.015%

Price spread now: Injective against Variational Omni+2.329%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 2.329% dearer against Variational Omni than usual: you sell high and buy low (spread +2.329% now, against zero (this spread has no 7-day history yet)): +$233 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni KAS	0.04262	0.0100	pay 0.0050% / 4h	1h 32m	$23K	$24K	—
Short	Injective KAS/USDC PERP	0.04361	0.0033	get 0.0004% / 1h	32m 59s	$45	$154K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now +2.329%Rate

Funding earned: −$14
Price spread: +2.329% → 0.000%: $232.88
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $218.86
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Variational Omni and 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 −0.0001%	1h	0.04263	+0.029%	$4K	—	150x	as long as short
Injective KAS/USDC PERPshort	+0.0033%	1h	0.04361	+2.329%	$45	$154K	5.5x
Aster KASUSDT	+0.0100%	4h	0.04269	+0.163%	$251K	$146K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04266	+0.100%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04261	−0.018%	$10.7M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04260	−0.041%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04267	+0.123%	$29.3M	$5.2M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04267	+0.116%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04262	+0.006%	$11.7M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04265	+0.076%	—	$67.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KASlong	+0.0100%	4h	0.04262	long leg	$23K	$24K	—
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04267	+0.114%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04267	+0.123%	$366K	$291K	75x	as long as short
Hyperliquid KAS	+0.0539%	1h	0.04271	+0.226%	$2.7M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0667%	1h	0.04267	+0.119%	$305K	$503K	20x	as long as short