KAS arbitrage explained
Right now Kaspa (KAS) trades on 9 venues we scan: 9 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0414 and the highest bid on MEXC spot at $0.0415.
The widest KAS perpetual spread is between Bybit and Hyperliquid: long KAS on Bybit at $0.0414 and short on Hyperliquid at $0.0415 for +0.11% gross, or -0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.006% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best KAS route is to buy spot on Bybit and short the perpetual on Hyperliquid: -0.04% gross, -0.24% net, with +0.030% a day of funding on the short leg.
Spot–spot KAS arbitrage (buy on Bybit, withdraw, deposit and sell on MEXC) shows +0.07% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small KAS gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: KAS funding rates · KAS spread charts · Kaspa price · arbitrage scanner for all coins.