Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against BingX+3.439%7-day average −1.532% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)−6.824%−$682 · spread now +3.439%, 7d avg −1.532%

Together, before fees−6.937%−$694 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 4.971% dearer against BingX than usual: you sell high and buy low (spread +3.439% now, against its 7-day average of −1.532%): +$497 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KAS-USDT	0.04216	0.0100	pay 0.0050% / 4h	8m 24s	—	$53.5M	—
Short	Injective KAS/USDC PERP	0.04361	0.0033	get 0.0004% / 1h	8m 24s	$45	$154K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +3.439%Rate

Funding earned: −$14
Price spread: +3.439% → −1.532%: $497.13
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $473.11
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 9 min ago; Injective: no order-book sample. Net counts fees only.

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, 9 min ago	4.75 bp	16.2 bp −$16	44.0 bp −$440	226.2 bp −$22.6K	435.6 bp −$217.8K
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

KAS on 15 exchanges

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 −0.0008%	1h	0.04211	−0.130%	$14K	—	150x	as long as short
Injective KAS/USDC PERPshort	+0.0033%	1h	0.04361	+3.439%	$45	$154K	5.5x
Binance KASUSDT	+0.0100%	4h	0.04217	+0.012%	$3.8M	$12.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04211	−0.119%	$10.5M	$7.9M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04212	−0.095%	$2.1M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04216	0.000%	$29.9M	$5.4M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04222	+0.140%	$4.7M	$7.3M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04212	−0.095%	$11.6M	$2.9M	50x	as long as short
BingX KAS-USDTlong	+0.0100%	4h	0.04216	long leg	—	$53.5M	—
Variational Omni KAS	+0.0100%	4h	0.04206	−0.229%	$21K	$25K	—	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0136%	4h	0.04223	+0.175%	$248K	$124K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0219% / S −0.0776%	1h	0.04215	−0.033%	$5K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04222	+0.142%	$328K	$273K	75x	as long as short
Hyperliquid KAS	+0.0636%	1h	0.04225	+0.223%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1159%	1h	0.04219	+0.082%	$289K	$540K	20x	as long as short