Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Variational Omni against BingX+0.008%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KAS-USDT	0.04385	0.0100	pay 0.0050% / 4h	2h 25m	—	$69.3M	—
Short	Variational Omni KAS	0.04385	0.0100	get 0.0050% / 4h	2h 25m	$26K	$20K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → 0.000%: $0.79
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.21
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 min ago; Variational Omni: 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, 9 min ago	4.60 bp	19.5 bp −$19	53.0 bp −$530	389.8 bp −$39.0K	508.1 bp −$254.0K
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
Kraken Futures PF_KASUSD	−0.0191%	1h	0.04385	−0.001%	$293K	$436K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04361	−0.547%	$45	$154K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04386	+0.012%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0038% / S +0.0021%	1h	0.04383	−0.039%	$4K	—	100x	as long as short
Hyperliquid KAS	+0.0100%	1h	0.04391	+0.139%	$2.9M	$919K	3x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04387	+0.040%	$4.1M	$11.1M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04383	−0.046%	$10.9M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04381	−0.091%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04386	+0.023%	$28.1M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04383	−0.034%	$4.2M	$6.8M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KASUSDT	+0.0100%	4h	0.04384	−0.023%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDTlong	+0.0100%	4h	0.04385	long leg	—	$69.3M	—
Variational Omni KASshort	+0.0100%	4h	0.04385	+0.008%	$26K	$20K	—
Aster KASUSDT	+0.0118%	4h	0.04384	−0.023%	$257K	$199K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04391	+0.137%	$385K	$204K	75x	as long as short