Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance−0.093%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$690.695% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.045%+$4 · spread now −0.093%, 7d avg −0.041%

Together, before fees+0.045%+$4 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: BingX is 0.051% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KASUSDT	0.04317	0.0100	pay 0.0050% / 4h	33m 14s	$4.0M	$11.2M	75x
Short	BingX KAS-USDT	0.04313	0.0100	get 0.0050% / 4h	33m 14s	—	$69.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → −0.041%: −$5.12
Slippage, 4 orders: −$49.47
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$74.59
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; BingX: live order book, 6 min ago.

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 Binance live order book, 7 min ago	1.16 bp	16.6 bp −$17	62.1 bp −$621	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	4.64 bp	17.5 bp −$18	48.2 bp −$482	306.2 bp −$30.6K	436.6 bp −$218.3K

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 −0.0017%	1h	0.04311	−0.132%	$11K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.019%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04317	−0.011%	$254K	$168K	20x	as long as short
Binance KASUSDTlong	+0.0100%	4h	0.04317	long leg	$4.0M	$11.2M	75x
Bybit KASUSDT	+0.0100%	4h	0.04312	−0.116%	$10.7M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04307	−0.232%	$2.1M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04317	0.000%	$28.0M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04315	−0.056%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04312	−0.116%	$11.9M	$2.9M	50x	as long as short
BingX KAS-USDTshort	+0.0100%	4h	0.04313	−0.093%	—	$69.5M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04309	−0.185%	$25K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0242% / S −0.4325%	1h	0.04310	−0.167%	$11K	—	100x	as long as short
Kraken Futures PF_KASUSD	+0.0317%	1h	0.04313	−0.096%	$297K	$456K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04311	−0.139%	$373K	$202K	75x	as long as short
Hyperliquid KAS	+0.1084%	1h	0.04326	+0.199%	$2.8M	$982K	3x	as long as short