Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against MEXC+2.227%55s7-day average −1.823% · you sell dearer than you buy

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

Long on MEXC Short on Injective

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)−5.975%−$597 · spread now +2.227%, 7d avg −1.823%

Together, before fees−6.088%−$609 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 4.049% dearer against MEXC than usual: you sell high and buy low (spread +2.227% now, against its 7-day average of −1.823%): +$405 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7 months. The two prices were read 55 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	MEXC KAS_USDT	0.04266	0.0100	pay 0.0050% / 4h	1h 30m	$29.3M	$5.2M	200x
Short	Injective KAS/USDC PERP	0.04361	0.0033	get 0.0004% / 1h	30m 22s	$45	$154K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +2.227%Rate

Funding earned: −$14
Price spread: +2.227% → −1.823%: $404.95
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $390.93
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: MEXC: live order book, 3 min ago; Injective: 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, 3 min ago	1.17 bp	9.3 bp −$9	53.4 bp −$534	88.6 bp −$8,861	102.7 bp −$51.3K
Sell Injective no order-book sample	—	—	—	—	—

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 −0.0001%	1h	0.04259	−0.159%	$4K	—	150x	as long as short
Injective KAS/USDC PERPshort	+0.0033%	1h	0.04361	+2.227%	$45	$154K	5.5x
Aster KASUSDT	+0.0100%	4h	0.04268	+0.056%	$251K	$146K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04267	+0.023%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04263	−0.070%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04259	−0.164%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDTlong	+0.0100%	4h	0.04266	long leg	$29.3M	$5.2M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04268	+0.038%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04262	−0.094%	$11.7M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04264	−0.047%	—	$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	0.04257	−0.205%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04259	−0.173%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04266	0.000%	$366K	$291K	75x	as long as short
Hyperliquid KAS	+0.0520%	1h	0.04271	+0.127%	$2.7M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0668%	1h	0.04263	−0.069%	$304K	$502K	20x	as long as short