Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin+0.016%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$980.975% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days−0.181%−$18 · spread now +0.016%, 7d avg −0.059%

Together, before fees−0.203%−$20 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 0.076% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KASUSDTM	0.04309	0.0100	pay 0.0050% / 4h	3h 21m	$4.3M	$7.3M	50x
Short	Bitget KASUSDT	0.04310	0.0100	get 0.0050% / 4h	3h 21m	$11.8M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.059%: $7.55
Slippage, 4 orders: −$73.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$89.99
Costs to cover: 0.975%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Bitget: live order book, 2 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 KuCoin live order book, 1 min ago	4.07 bp	35.4 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.49 bp	17.2 bp −$17	54.2 bp −$542	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 −0.0001%	1h	0.04304	−0.114%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.200%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04314	+0.114%	$253K	$167K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04315	+0.135%	$4.2M	$12.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04311	+0.039%	$10.8M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04304	−0.123%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04310	+0.016%	$29.0M	$4.9M	200x	as long as short
KuCoin KASUSDTMlong	+0.0100%	4h	0.04309	long leg	$4.3M	$7.3M	50x
Bitget KASUSDTshort	+0.0100%	4h	0.04310	+0.016%	$11.8M	$3.1M	50x
BingX KAS-USDT	+0.0100%	4h	0.04310	+0.016%	—	$67.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04302	−0.176%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0283% / S −0.1996%	1h	0.04304	−0.121%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04303	−0.146%	$380K	$294K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0593%	1h	0.04309	−0.016%	$308K	$504K	20x	as long as short
Hyperliquid KAS	+0.0666%	1h	0.04317	+0.176%	$2.8M	$1.1M	3x	as long as short