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: Bitget against MEXC0.000%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days−0.033%−$3 · spread now 0.000%, 7d avg −0.043%

Together, before fees−0.074%−$7 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: Bitget is 0.043% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KAS_USDT	0.04359	0.0100	pay 0.0050% / 4h	3h 41m	$28.2M	$4.5M	200x
Short	Bitget KASUSDT	0.04359	0.0100	get 0.0050% / 4h	3h 41m	$12.0M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.043%: $4.3
Slippage, 4 orders: −$52.01
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$59.71
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: 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 MEXC live order book, 3 min ago	1.14 bp	13.8 bp −$14	60.3 bp −$603	95.2 bp −$9,521	109.2 bp −$54.6K
Sell Bitget live order book, 3 min ago	2.28 bp	20.1 bp −$20	76.4 bp −$764	doesn't fit	doesn't fit

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	0.04359	+0.005%	$5K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.046%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04361	+0.056%	$257K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04361	+0.046%	$4.1M	$11.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04358	−0.023%	$10.8M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04357	−0.046%	$2.1M	$1.6M	75x	as long as short
MEXC KAS_USDTlong	+0.0100%	4h	0.04359	long leg	$28.2M	$4.5M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04364	+0.106%	$4.3M	$6.8M	50x	as long as short
Bitget KASUSDTshort	+0.0100%	4h	0.04359	0.000%	$12.0M	$3.0M	50x
BingX KAS-USDT	+0.0100%	4h	0.04359	0.000%	—	$67.9M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04364	+0.122%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0290% / S −0.5848%	1h	0.04360	+0.011%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04351	−0.184%	$371K	$246K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0404%	1h	0.04366	+0.170%	$307K	$468K	20x	as long as short
Hyperliquid KAS	+0.0558%	1h	0.04369	+0.236%	$2.8M	$1.0M	3x	as long as short