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: BingX against Bybit+0.069%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$820.825% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.069%, 7d avg +0.042%

Together, before fees−0.010%−$1 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 0.027% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KASUSDT	0.04338	0.0100	pay 0.0050% / 4h	2h 39m	$10.7M	$7.1M	50x
Short	BingX KAS-USDT	0.04341	0.0100	get 0.0050% / 4h	2h 39m	—	$69.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.042%: $2.7
Slippage, 4 orders: −$61.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$79.75
Costs to cover: 0.825%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 5 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 Bybit live order book, 4 min ago	4.60 bp	20.9 bp −$21	69.6 bp −$696	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	4.60 bp	22.7 bp −$23	47.0 bp −$470	266.4 bp −$26.6K	439.0 bp −$219.5K

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	−0.0192%	1h	0.04346	+0.191%	$290K	$437K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04361	+0.530%	$45	$154K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04345	+0.151%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0036% / S +0.0038%	1h	0.04344	+0.143%	$4K	—	100x	as long as short
Hyperliquid KAS	+0.0100%	1h	0.04349	+0.251%	$2.8M	$910K	3x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04344	+0.149%	$4.0M	$11.0M	75x	as long as short
Bybit KASUSDTlong	+0.0100%	4h	0.04338	long leg	$10.7M	$7.1M	50x
Gate KAS_USDT	+0.0100%	8h	0.04337	−0.023%	$2.1M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04343	+0.115%	$27.7M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04343	+0.113%	$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	0.04337	−0.023%	$11.9M	$3.0M	50x	as long as short
BingX KAS-USDTshort	+0.0100%	4h	0.04341	+0.069%	—	$69.1M	—
Variational Omni KAS	+0.0100%	4h	0.04359	+0.485%	$26K	$20K	—	as long as short
Aster KASUSDT	+0.0122%	4h	0.04350	+0.268%	$256K	$197K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04357	+0.438%	$389K	$223K	75x	as long as short