Settings8H · net · $10k
Funding arb · Price arb /

KAS

all KAS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0896%/8h= +98.1% APRpaid last 24h +0.012%
Price spread now: Hyperliquid against BingX+0.310%7-day average +0.156% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 7 days−0.178%−$18 · spread now +0.310%, 7d avg +0.156%
Together, before fees−0.164%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Hyperliquid is 0.154% dearer against BingX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.156%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX KAS-USDT0.043560.0100pay 0.0050% / 4h56m 35s$69.5M
ShortHyperliquid KAS0.043690.0996get 0.0124% / 1h56m 35s$2.9M$974K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$188.06
Price spread: +0.310% → +0.156%
$15.43
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$184.49
Costs to cover
0.190%
Break-even
0.1 days
Slippage unknown: BingX: live order book, 7 min ago; Hyperliquid: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 7 min ago4.57 bp19.4 bp −$1948.2 bp −$482377.3 bp −$37.7K517.7 bp −$258.9K
Sell Hyperliquid live order book, 5 min ago1.59 bp19.7 bp −$20doesn't fitdoesn't fitdoesn't fit

KAS on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) KAS/USDL +0.0010% / S −0.0017%1h0.04353−0.063%$11K150xas long as short
Injective KAS/USDC PERP+0.0033%1h0.04361+0.115%$45$154K5.5xas long as short
Aster KASUSDT+0.0100%4h0.04357+0.013%$255K$201K20xas long as short
Binance KASUSDT+0.0100%4h0.04358+0.055%$4.0M$11.2M75xas long as short
Bybit KASUSDT+0.0100%4h0.04354−0.046%$10.8M$7.1M50xas long as short
Gate KAS_USDT+0.0100%8h0.04352−0.092%$2.1M$1.6M75xas long as short
MEXC KAS_USDT+0.0100%4h0.04359+0.069%$28.0M$4.4M200xas long as short
KuCoin KASUSDTM+0.0100%4h0.04358+0.034%$4.2M$6.8M50xas long as short
Bitget KASUSDT+0.0100%4h0.04354−0.046%$12.0M$2.9M50xas long as short
BingX KAS-USDTlong+0.0100%4h0.04356long leg$69.5M
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni KAS+0.0100%4h0.04374+0.411%$26K$21Kas long as short
GMX KAS/USD [WBTC.b-USDC]L +0.0202% / S −0.3007%1h0.04354−0.041%$11K100xas long as short
Kraken Futures PF_KASUSD+0.0314%1h0.04358+0.053%$297K$450K20xas long as short
BloFin KAS-USDT+0.0340%4h0.04372+0.367%$377K$209K75xas long as short
Hyperliquid KASshort+0.0996%1h0.04369+0.310%$2.9M$974K3x