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 MEXC0.000%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.053%−$5 · spread now 0.000%, 7d avg −0.040%

Together, before fees−0.053%−$5 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 0.040% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KAS_USDT	0.04329	0.0100	pay 0.0050% / 4h	2m 19s	$28.1M	$4.5M	200x
Short	BingX KAS-USDT	0.04329	0.0100	get 0.0050% / 4h	2m 19s	—	$67.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.040%: $3.99
Slippage, 4 orders: −$44.78
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$50.79
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 12 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 MEXC live order book, 1 min ago	1.15 bp	9.9 bp −$10	54.0 bp −$540	85.4 bp −$8,538	108.0 bp −$54.0K
Sell BingX live order book, 12 min ago	3.46 bp	20.1 bp −$20	48.9 bp −$489	314.8 bp −$31.5K	474.6 bp −$237.3K

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
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0001%	1h	0.04326	−0.076%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.739%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04325	−0.098%	$255K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04329	0.000%	$4.0M	$11.4M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04320	−0.208%	$10.7M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04325	−0.092%	$2.1M	$1.7M	75x	as long as short
MEXC KAS_USDTlong	+0.0100%	4h	0.04329	long leg	$28.1M	$4.5M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04329	+0.007%	$4.3M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04326	−0.069%	$11.9M	$3.0M	50x	as long as short
BingX KAS-USDTshort	+0.0100%	4h	0.04329	0.000%	—	$67.9M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04328	−0.025%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0286% / S −0.5747%	1h	0.04324	−0.120%	$12K	—	100x	as long as short
Kraken Futures PF_KASUSD	+0.0315%	1h	0.04336	+0.156%	$301K	$457K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04336	+0.162%	$372K	$204K	75x	as long as short
Hyperliquid KAS	+0.0938%	1h	0.04337	+0.180%	$2.8M	$1.0M	3x	as long as short