Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.027%

Price spread now: gTrade (Gains Network) against BingX−0.034%7-day average — · you buy dearer than you sell

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

Long on BingX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.034% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KAS-USDT	0.04364	0.0100	pay 0.0050% / 4h	2h 35m	—	$69.1M	—
Short	gTrade (Gains Network) KAS/USD	0.04363	L +0.0010% / S −0.0017%	get 0.0002% / 1h	35m 19s	$11K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.034%Rate

Funding earned: −$17.42
Price spread: −0.034% → 0.000%: −$3.39
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$40.81
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 min ago; gTrade (Gains Network): 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 BingX live order book, 9 min ago	4.60 bp	17.3 bp −$17	51.4 bp −$514	355.3 bp −$35.5K	510.6 bp −$255.3K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kraken Futures PF_KASUSD	−0.0191%	1h	0.04367	+0.057%	$291K	$437K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04361	−0.069%	$45	$154K	5.5x	as long as short
gTrade (Gains Network) KAS/USDshort	L +0.0010% / S −0.0017%	1h	0.04363	−0.034%	$11K	—	150x
GMX KAS/USD [WBTC.b-USDC]	L +0.0037% / S +0.0033%	1h	0.04363	−0.025%	$4K	—	100x	as long as short
Hyperliquid KAS	+0.0100%	1h	0.04371	+0.149%	$2.8M	$910K	3x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04366	+0.046%	$4.0M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04364	0.000%	$10.8M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04357	−0.160%	$2.1M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04367	+0.069%	$28.0M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04364	−0.007%	$4.2M	$6.8M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KASUSDT	+0.0100%	4h	0.04363	−0.023%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDTlong	+0.0100%	4h	0.04364	long leg	—	$69.1M	—
Variational Omni KAS	+0.0100%	4h	0.04358	−0.141%	$26K	$20K	—	as long as short
Aster KASUSDT	+0.0114%	4h	0.04361	−0.069%	$256K	$197K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04347	−0.390%	$385K	$201K	75x	as long as short