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% APRpaid last 24h −0.011%

Price spread now: Gate against MEXC−0.114%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$730.730% of the position

Long on MEXC Short on Gate

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−0.005%−$1 · spread now −0.114%, 7d avg −0.077%

Together, before fees−0.084%−$8 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: Gate is 0.037% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KAS_USDT	0.04378	0.0100	pay 0.0050% / 4h	2h 50m	$27.8M	$4.5M	200x
Short	Gate KAS_USDT	0.04373	0.0100	get 0.0100% / 8h	2h 50m	$2.2M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → −0.077%: −$3.69
Slippage, 4 orders: −$58.03
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$76.71
Costs to cover: 0.730%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Gate: 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, 4 min ago	1.14 bp	9.9 bp −$10	52.3 bp −$523	88.2 bp −$8,823	111.0 bp −$55.5K
Sell Gate live order book, 3 min ago	5.72 bp	24.6 bp −$25	100.2 bp −$1,002	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
Kraken Futures PF_KASUSD	−0.0191%	1h	0.04379	+0.014%	$290K	$431K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04423	+1.028%	$46	$102K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04377	−0.025%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0035% / S +0.0052%	1h	0.04376	−0.037%	$4K	—	100x	as long as short
Hyperliquid KAS	+0.0100%	1h	0.04382	+0.085%	$2.9M	$905K	3x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04379	+0.021%	$4.0M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04376	−0.046%	$10.8M	$7.1M	50x	as long as short
Gate KAS_USDTshort	+0.0100%	8h	0.04373	−0.114%	$2.2M	$1.6M	75x
MEXC KAS_USDTlong	+0.0100%	4h	0.04378	long leg	$27.8M	$4.5M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04374	−0.098%	$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	0.04374	−0.091%	$12.0M	$2.9M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04375	−0.069%	—	$69.1M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04377	−0.022%	$26K	$20K	—	as long as short
Aster KASUSDT	+0.0125%	4h	0.04379	+0.015%	$257K	$197K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04378	0.000%	$389K	$225K	75x	as long as short