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% APRpaid last 24h +0.011%

Price spread now: BingX against Gate+0.092%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

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

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.092%, 7d avg +0.039%

Together, before fees+0.029%+$3 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 0.053% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KAS_USDT	0.04355	0.0100	pay 0.0100% / 8h	2h 40m	$2.2M	$1.6M	75x
Short	BingX KAS-USDT	0.04359	0.0100	get 0.0050% / 4h	2h 40m	—	$69.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.039%: $5.27
Slippage, 4 orders: −$70.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$90.56
Costs to cover: 0.958%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; BingX: live order book, 3 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 Gate live order book, 2 min ago	6.90 bp	27.8 bp −$28	158.9 bp −$1,589	doesn't fit	doesn't fit
Sell BingX live order book, 3 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	0.04361	+0.126%	$289K	$432K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04423	+1.561%	$46	$102K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04363	+0.175%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0036% / S +0.0041%	1h	0.04359	+0.085%	$4K	—	100x	as long as short
Hyperliquid KAS	+0.0100%	1h	0.04369	+0.315%	$2.8M	$911K	3x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04360	+0.112%	$4.0M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04358	+0.069%	$10.8M	$7.1M	50x	as long as short
Gate KAS_USDTlong	+0.0100%	8h	0.04355	long leg	$2.2M	$1.6M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04360	+0.115%	$27.8M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04364	+0.207%	$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	0.04359	+0.092%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDTshort	+0.0100%	4h	0.04359	+0.092%	—	$69.1M	—
Variational Omni KAS	+0.0100%	4h	0.04362	+0.161%	$26K	$20K	—	as long as short
Aster KASUSDT	+0.0116%	4h	0.04361	+0.138%	$256K	$197K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04361	+0.138%	$391K	$223K	75x	as long as short