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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX+0.230%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$680.677% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.197%−$20 · spread now +0.230%, 7d avg +0.039%

Together, before fees−0.197%−$20 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: MEXC is 0.192% dearer against BingX than usual: you sell high and buy low, +$19 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	0.04340	0.0100	pay 0.0050% / 4h	1h 58m	—	$67.9M	—
Short	MEXC KAS_USDT	0.04350	0.0100	get 0.0050% / 4h	1h 58m	$28.8M	$4.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.230%Rate

Funding earned: $0
Price spread: +0.230% → +0.039%: $19.19
Slippage, 4 orders: −$57.72
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$48.53
Costs to cover: 0.677%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 5 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, 10 min ago	5.74 bp	21.9 bp −$22	53.5 bp −$535	408.7 bp −$40.9K	545.4 bp −$272.7K
Sell MEXC live order book, 5 min ago	1.14 bp	12.1 bp −$12	62.3 bp −$623	91.9 bp −$9,188	113.8 bp −$56.9K

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 −0.0001%	1h	0.04338	−0.046%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.484%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04346	+0.143%	$255K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04341	+0.026%	$4.2M	$12.3M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04337	−0.069%	$10.8M	$7.5M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04338	−0.046%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDTshort	+0.0100%	4h	0.04350	+0.230%	$28.8M	$4.6M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04346	+0.134%	$4.3M	$7.1M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04343	+0.069%	$11.9M	$3.1M	50x	as long as short
BingX KAS-USDTlong	+0.0100%	4h	0.04340	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	0.04343	+0.063%	$26K	$20K	—	as long as short
Kraken Futures PF_KASUSD	+0.0115%	1h	0.04342	+0.041%	$308K	$493K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0291% / S −0.5848%	1h	0.04336	−0.092%	$12K	—	100x	as long as short
Hyperliquid KAS	+0.0381%	1h	0.04349	+0.200%	$2.8M	$1.1M	3x	as long as short