Funding arb · Price arb /

KAS

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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: Bybit against MEXC0.000%7-day average −0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$660.655% of the position

Long on MEXC Short on Bybit

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−0.067%−$7 · spread now 0.000%, 7d avg −0.081%

Together, before fees−0.092%−$9 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: Bybit is 0.081% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KAS_USDT	0.04395	0.0100	pay 0.0050% / 4h	2h 42m	$28.8M	$4.5M	200x
Short	Bybit KASUSDT	0.04395	0.0100	get 0.0050% / 4h	2h 42m	$10.9M	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.081%: $8.07
Slippage, 4 orders: −$54.51
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$57.44
Costs to cover: 0.655%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: 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 MEXC live order book, 1 min ago	2.27 bp	13.3 bp −$13	56.7 bp −$567	82.4 bp −$8,237	96.5 bp −$48.2K
Sell Bybit live order book, 6 min ago	1.14 bp	19.6 bp −$20	61.2 bp −$612	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 0.0000%	1h	0.04400	+0.111%	$3K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−0.774%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04400	+0.108%	$258K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04396	+0.023%	$4.1M	$11.8M	75x	as long as short
Bybit KASUSDTshort	+0.0100%	4h	0.04395	0.000%	$10.9M	$7.3M	50x
Gate KAS_USDT	+0.0100%	8h	0.04389	−0.137%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDTlong	+0.0100%	4h	0.04395	long leg	$28.8M	$4.5M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04398	+0.064%	$4.3M	$6.9M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04391	−0.091%	$12.1M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04392	−0.068%	—	$67.9M	—	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	0.04400	+0.110%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0292% / S −0.5848%	1h	0.04400	+0.121%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04418	+0.523%	$381K	$296K	75x	as long as short
Hyperliquid KAS	+0.0410%	1h	0.04401	+0.130%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0725%	1h	0.04401	+0.138%	$309K	$470K	20x	as long as short