Funding arb · Price arb /

KAS

all KAS markets

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 BingX−0.115%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$890.887% of the position

Long on BingX 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+0.110%+$11 · spread now −0.115%, 7d avg −0.038%

Together, before fees+0.031%+$3 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 0.076% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KAS-USDT	0.04358	0.0100	pay 0.0050% / 4h	48m 50s	—	$69.5M	—
Short	Gate KAS_USDT	0.04353	0.0100	get 0.0100% / 8h	48m 50s	$2.1M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.115%Rate

Funding earned: $0
Price spread: −0.115% → −0.038%: −$7.63
Slippage, 4 orders: −$63.7
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$96.33
Costs to cover: 0.887%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Gate: live order book, 4 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, 5 min ago	6.88 bp	20.7 bp −$21	51.6 bp −$516	394.0 bp −$39.4K	510.0 bp −$255.0K
Sell Gate live order book, 4 min ago	2.30 bp	23.8 bp −$24	138.6 bp −$1,386	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 −0.0017%	1h	0.04352	−0.132%	$11K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.069%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04362	+0.092%	$256K	$167K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04363	+0.120%	$4.0M	$11.2M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04358	0.000%	$10.8M	$7.1M	50x	as long as short
Gate KAS_USDTshort	+0.0100%	8h	0.04353	−0.115%	$2.1M	$1.6M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04358	0.000%	$28.1M	$4.4M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04361	+0.069%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04355	−0.069%	$12.0M	$2.9M	50x	as long as short
BingX KAS-USDTlong	+0.0100%	4h	0.04358	long leg	—	$69.5M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04355	−0.058%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0220% / S −0.3590%	1h	0.04351	−0.151%	$12K	—	100x	as long as short
Kraken Futures PF_KASUSD	+0.0314%	1h	0.04356	−0.054%	$299K	$452K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04354	−0.092%	$375K	$208K	75x	as long as short
Hyperliquid KAS	+0.1332%	1h	0.04365	+0.158%	$2.8M	$974K	3x	as long as short