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: Bitget against BingX+0.046%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

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

costs, in and out, $10k−$820.820% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.046%, 7d avg −0.004%

Together, before fees−0.085%−$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: Bitget is 0.050% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KAS-USDT	0.04393	0.0100	pay 0.0050% / 4h	2h 23m	—	$69.3M	—
Short	Bitget KASUSDT	0.04395	0.0100	get 0.0050% / 4h	2h 23m	$12.1M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee BitgetbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.004%: $4.95
Slippage, 4 orders: −$60.03
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$77.08
Costs to cover: 0.820%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Bitget: 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 BingX live order book, 10 min ago	4.60 bp	19.5 bp −$19	53.0 bp −$530	389.8 bp −$39.0K	508.1 bp −$254.0K
Sell Bitget live order book, 5 min ago	4.57 bp	20.6 bp −$21	56.3 bp −$563	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	−0.0190%	1h	0.04397	+0.101%	$293K	$436K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04361	−0.728%	$45	$154K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04393	+0.011%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0038% / S +0.0018%	1h	0.04394	+0.011%	$4K	—	100x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04396	+0.068%	$4.1M	$11.1M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04392	−0.023%	$10.9M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04391	−0.046%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04394	+0.023%	$28.2M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04395	+0.039%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDTshort	+0.0100%	4h	0.04395	+0.046%	$12.1M	$3.0M	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KAS-USDTlong	+0.0100%	4h	0.04393	long leg	—	$69.3M	—
Variational Omni KAS	+0.0100%	4h	0.04385	−0.174%	$26K	$20K	—	as long as short
Hyperliquid KAS	+0.0106%	1h	0.04403	+0.230%	$2.9M	$929K	3x	as long as short
Aster KASUSDT	+0.0115%	4h	0.04394	+0.016%	$257K	$199K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04391	−0.046%	$385K	$204K	75x	as long as short