Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: BingX against Injective−2.385%72s7-day average +1.734% · you buy dearer than you sell

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

Long on Injective Short on BingX

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)+6.252%+$625 · spread now −2.385%, 7d avg +1.734%

Together, before fees+6.365%+$637 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 4.119% cheaper against Injective than usual: you would sell low and buy high (spread −2.385% now, against its 7-day average of +1.734%). If the spread goes back, that is −$412 on $10k: about 7 months of funding at the current rate (+$2 a day). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective KAS/USDC PERP	0.04361	0.0033	pay 0.0004% / 1h	21m 58s	$45	$154K	5.5x
Short	BingX KAS-USDT	0.04257	0.0100	get 0.0050% / 4h	21m 58s	—	$40.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now −2.385%Rate

Funding earned: $14
Price spread: −2.385% → +1.734%: −$411.9
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$407.92
Costs to cover: 0.100%
Break-even: 211.0 days

Slippage unknown: Injective: no order-book sample; BingX: live order book, 7 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 7 min ago	4.70 bp	19.1 bp −$19	52.4 bp −$524	290.9 bp −$29.1K	439.0 bp −$219.5K

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 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 −0.0008%	1h	0.04256	−2.410%	$14K	—	150x	as long as short
Injective KAS/USDC PERPlong	+0.0033%	1h	0.04361	long leg	$45	$154K	5.5x
Aster KASUSDT	+0.0100%	4h	0.04260	−2.316%	$250K	$128K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04259	−2.339%	$4.0M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04252	−2.499%	$10.7M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04255	−2.431%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04258	−2.362%	$29.1M	$5.2M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04262	−2.270%	$4.4M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04255	−2.431%	$11.7M	$3.1M	50x	as long as short
BingX KAS-USDTshort	+0.0100%	4h	0.04257	−2.385%	—	$40.3M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04249	−2.563%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04254	−2.444%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04254	−2.454%	$360K	$291K	75x	as long as short
Hyperliquid KAS	+0.0548%	1h	0.04267	−2.162%	$2.7M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1065%	1h	0.04259	−2.340%	$303K	$495K	20x	as long as short