Funding arb · Price arb /

KAS

all KAS markets

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: BingX against Bybit0.000%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$810.805% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days+0.043%+$4 · spread now 0.000%, 7d avg +0.043%

Together, before fees+0.068%+$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: BingX is 0.043% cheaper against Bybit than usual: you would sell low and buy high, −$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	Bybit KASUSDT	0.04372	0.0100	pay 0.0050% / 4h	3h 33m	$10.8M	$7.2M	50x
Short	BingX KAS-USDT	0.04372	0.0100	get 0.0050% / 4h	3h 33m	—	$67.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.043%: −$4.26
Slippage, 4 orders: −$59.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$84.8
Costs to cover: 0.805%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 6 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 Bybit live order book, 5 min ago	3.43 bp	21.1 bp −$21	65.5 bp −$655	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	4.58 bp	21.1 bp −$21	54.3 bp −$543	330.0 bp −$33.0K	494.1 bp −$247.0K

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	0.04371	−0.023%	$5K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−0.252%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04372	−0.007%	$258K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04374	+0.048%	$4.1M	$11.7M	75x	as long as short
Bybit KASUSDTlong	+0.0100%	4h	0.04372	long leg	$10.8M	$7.2M	50x
Gate KAS_USDT	+0.0100%	8h	0.04367	−0.114%	$2.1M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04374	+0.046%	$28.3M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04376	+0.082%	$4.3M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04371	−0.023%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDTshort	+0.0100%	4h	0.04372	0.000%	—	$67.9M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04375	+0.065%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0291% / S −0.5848%	1h	0.04369	−0.078%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04373	+0.023%	$378K	$267K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0403%	1h	0.04372	+0.010%	$308K	$469K	20x	as long as short
Hyperliquid KAS	+0.0511%	1h	0.04381	+0.217%	$2.8M	$1.0M	3x	as long as short