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: BingX against MEXC−0.163%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.173%+$17 · spread now −0.163%, 7d avg −0.039%

Together, before fees+0.173%+$17 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 0.124% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KAS_USDT	0.04295	0.0100	pay 0.0050% / 4h	1h 00m	$29.6M	$5.2M	200x
Short	BingX KAS-USDT	0.04288	0.0100	get 0.0050% / 4h	1h 00m	—	$67.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.163%Rate

Funding earned: $0
Price spread: −0.163% → −0.039%: −$12.36
Slippage, 4 orders: −$44.61
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$66.97
Costs to cover: 0.546%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 9 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 MEXC live order book, 4 min ago	1.16 bp	11.9 bp −$12	56.2 bp −$562	91.8 bp −$9,177	119.9 bp −$59.9K
Sell BingX live order book, 9 min ago	3.49 bp	17.6 bp −$18	48.6 bp −$486	329.2 bp −$32.9K	484.7 bp −$242.3K

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	0.04290	−0.119%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.537%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04296	+0.028%	$252K	$130K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04296	+0.018%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04290	−0.116%	$10.8M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04290	−0.116%	$2.2M	$1.8M	75x	as long as short
MEXC KAS_USDTlong	+0.0100%	4h	0.04295	long leg	$29.6M	$5.2M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04296	+0.014%	$4.3M	$7.3M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04293	−0.047%	$11.8M	$3.1M	50x	as long as short
BingX KAS-USDTshort	+0.0100%	4h	0.04288	−0.163%	—	$67.7M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04284	−0.262%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04289	−0.137%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04289	−0.140%	$364K	$293K	75x	as long as short
Hyperliquid KAS	+0.0403%	1h	0.04301	+0.130%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0662%	1h	0.04295	+0.011%	$307K	$496K	20x	as long as short