Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against MEXC−0.094%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.094% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KAS_USDT	0.04292	0.0100	pay 0.0050% / 4h	53m 13s	$29.5M	$5.2M	200x
Short	gTrade (Gains Network) KAS/USD	0.04288	L +0.0010% / S −0.0001%	get 0.0000% / 1h	53m 13s	$4K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.094%Rate

Funding earned: −$20.79
Price spread: −0.094% → 0.000%: −$9.39
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$40.18
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; gTrade (Gains Network): no order-book sample. 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 MEXC live order book, 1 min ago	1.16 bp	9.4 bp −$9	43.0 bp −$430	89.1 bp −$8,907	101.5 bp −$50.7K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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/USDshort	L +0.0010% / S −0.0001%	1h	0.04288	−0.094%	$4K	—	150x
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.608%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04293	+0.020%	$252K	$129K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04292	−0.002%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04288	−0.093%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04292	0.000%	$2.2M	$1.8M	75x	as long as short
MEXC KAS_USDTlong	+0.0100%	4h	0.04292	long leg	$29.5M	$5.2M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04293	+0.030%	$4.3M	$7.3M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04290	−0.047%	$11.8M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04291	−0.023%	—	$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	0.04280	−0.286%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04288	−0.103%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04293	+0.023%	$364K	$293K	75x	as long as short
Hyperliquid KAS	+0.0560%	1h	0.04300	+0.196%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1057%	1h	0.04293	+0.013%	$306K	$496K	20x	as long as short