Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.091%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$940.944% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.091%, 7d avg −0.017%

Together, before fees−0.003%$0 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: MEXC is 0.074% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KASUSDTM	0.04373	0.0100	pay 0.0050% / 4h	2h 04m	$4.3M	$7.0M	50x
Short	MEXC KAS_USDT	0.04369	0.0100	get 0.0050% / 4h	2h 04m	$28.8M	$4.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → −0.017%: −$7.43
Slippage, 4 orders: −$82.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$101.85
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; MEXC: 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 KuCoin live order book, 4 min ago	5.50 bp	48.6 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.14 bp	11.2 bp −$11	55.8 bp −$558	93.5 bp −$9,348	117.7 bp −$58.8K

KAS on 14 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 −0.0001%	1h	0.04366	−0.159%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−0.274%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04373	−0.008%	$257K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04372	−0.023%	$4.2M	$12.3M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04367	−0.137%	$10.8M	$7.4M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04362	−0.252%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDTshort	+0.0100%	4h	0.04369	−0.091%	$28.8M	$4.7M	200x
KuCoin KASUSDTMlong	+0.0100%	4h	0.04373	long leg	$4.3M	$7.0M	50x
Bitget KASUSDT	+0.0100%	4h	0.04365	−0.183%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04368	−0.114%	—	$67.9M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04356	−0.395%	$26K	$20K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0291% / S −0.5848%	1h	0.04366	−0.169%	$12K	—	100x	as long as short
Hyperliquid KAS	+0.0501%	1h	0.04376	+0.073%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0730%	1h	0.04370	−0.073%	$309K	$483K	20x	as long as short