Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.027%

Price spread now: gTrade (Gains Network) against BingX−0.093%7-day average — · you buy dearer than you sell

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

Long on BingX 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 0.093% cheaper against BingX 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	BingX KAS-USDT	0.04400	0.0100	pay 0.0050% / 4h	2h 43m	—	$67.9M	—
Short	gTrade (Gains Network) KAS/USD	0.04396	L +0.0010% / S 0.0000%	pay 0.0000% / 1h	43m 59s	$3K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BingX. 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 BingXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.093%Rate

Funding earned: −$21.02
Price spread: −0.093% → 0.000%: −$9.32
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$50.34
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 10 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 BingX live order book, 10 min ago	3.41 bp	18.4 bp −$18	48.4 bp −$484	377.7 bp −$37.8K	472.9 bp −$236.5K
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 0.0000%	1h	0.04396	−0.093%	$3K	—	150x
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−0.886%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04403	+0.078%	$258K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04408	+0.185%	$4.1M	$11.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04401	+0.023%	$10.9M	$7.3M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04394	−0.136%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04402	+0.045%	$28.8M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04402	+0.043%	$4.3M	$6.9M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04402	+0.045%	$12.1M	$3.0M	50x	as long as short
BingX KAS-USDTlong	+0.0100%	4h	0.04400	long leg	—	$67.9M	—

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	−0.004%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0292% / S −0.5848%	1h	0.04396	−0.084%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04418	+0.409%	$381K	$296K	75x	as long as short
Hyperliquid KAS	+0.0417%	1h	0.04409	+0.214%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0725%	1h	0.04403	+0.077%	$309K	$470K	20x	as long as short