Funding arb · Price arb /

KAS

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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: Bitget against BingX−0.135%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$960.958% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days+0.135%+$13 · spread now −0.135%, 7d avg −0.003%

Together, before fees+0.090%+$9 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: Bitget is 0.132% cheaper against BingX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KAS-USDT	0.04456	0.0100	pay 0.0050% / 4h	3h 29m	—	$69.1M	—
Short	Bitget KASUSDT	0.04450	0.0100	get 0.0050% / 4h	3h 29m	$12.2M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now −0.135%Rate

Funding earned: $0
Price spread: −0.135% → −0.003%: −$13.16
Slippage, 4 orders: −$73.78
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$108.93
Costs to cover: 0.958%
Break-even: never at this rate

Slippage from BingX: live order book, 20 min ago; Bitget: live order book, 4 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 BingX live order book, 20 min ago	5.54 bp	30.5 bp −$30	74.0 bp −$740	375.7 bp −$37.6K	484.2 bp −$242.1K
Sell Bitget live order book, 4 min ago	3.37 bp	17.2 bp −$17	68.8 bp −$688	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	−0.0319%	1h	0.04467	+0.250%	$296K	$429K	20x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0018%	1h	0.04466	+0.222%	$11K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04272	−4.129%	$44	$61K	5.5x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04452	−0.090%	$4.1M	$10.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04449	−0.157%	$10.9M	$6.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04459	+0.067%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04462	+0.135%	$28.6M	$4.3M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04460	+0.094%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDTshort	+0.0100%	4h	0.04450	−0.135%	$12.2M	$2.9M	50x
BingX KAS-USDTlong	+0.0100%	4h	0.04456	long leg	—	$69.1M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04458	+0.055%	$29K	$17K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0160% / S +0.0109%	1h	0.04465	+0.193%	$17K	—	100x	as long as short
Hyperliquid KAS	+0.0179%	1h	0.04461	+0.117%	$2.9M	$882K	3x	as long as short
Aster KASUSDT	+0.0223%	4h	0.04460	+0.086%	$263K	$197K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04473	+0.382%	$407K	$226K	75x	as long as short