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% APRpaid last 24h −0.003%

Price spread now: Gate against BingX−0.136%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$950.953% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days+0.165%+$17 · spread now −0.136%, 7d avg −0.039%

Together, before fees+0.114%+$11 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: Gate is 0.096% cheaper against BingX than usual: you would sell low and buy high, −$10 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	BingX KAS-USDT	0.04417	0.0100	pay 0.0050% / 4h	2h 24m	—	$67.9M	—
Short	Gate KAS_USDT	0.04411	0.0100	get 0.0100% / 8h	6h 24m	$2.2M	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → −0.039%: −$9.65
Slippage, 4 orders: −$70.3
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$104.95
Costs to cover: 0.953%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Gate: live order book, 3 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 BingX live order book, 9 min ago	4.51 bp	18.9 bp −$19	50.3 bp −$503	373.7 bp −$37.4K	487.9 bp −$244.0K
Sell Gate live order book, 3 min ago	4.52 bp	25.1 bp −$25	117.0 bp −$1,170	doesn't fit	doesn't fit

KAS on 14 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	0.04416	−0.025%	$3K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−1.268%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04421	+0.091%	$260K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04413	−0.091%	$4.2M	$12.1M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04415	−0.045%	$11.0M	$7.4M	50x	as long as short
Gate KAS_USDTshort	+0.0100%	8h	0.04411	−0.136%	$2.2M	$1.7M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04422	+0.113%	$29.2M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04426	+0.204%	$4.4M	$7.0M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04416	−0.023%	$12.2M	$3.0M	50x	as long as short
BingX KAS-USDTlong	+0.0100%	4h	0.04417	long leg	—	$67.9M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04418	+0.017%	$26K	$20K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0292% / S −0.5848%	1h	0.04411	−0.129%	$12K	—	100x	as long as short
Hyperliquid KAS	+0.0437%	1h	0.04432	+0.349%	$2.9M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0720%	1h	0.04431	+0.306%	$314K	$478K	20x	as long as short