Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.027%

Price spread now: BingX against gTrade (Gains Network)−0.058%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

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

Funding pays, the price is against you. BingX is 0.058% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) KAS/USD	0.04398	L +0.0010% / S 0.0000%	pay 0.0001% / 1h	40m 54s	$3K	—	150x
Short	BingX KAS-USDT	0.04395	0.0100	get 0.0050% / 4h	2h 40m	—	$67.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $18.96
Price spread: −0.058% → 0.000%: −$5.75
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$6.79
Costs to cover: 0.200%
Break-even: 9.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 3 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	4.54 bp	19.0 bp −$19	48.9 bp −$489	338.0 bp −$33.8K	521.2 bp −$260.6K

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/USDlong	L +0.0010% / S 0.0000%	1h	0.04398	long leg	$3K	—	150x
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−0.831%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04403	+0.117%	$258K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04397	−0.012%	$4.1M	$11.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04392	−0.126%	$10.9M	$7.3M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04393	−0.103%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04395	−0.058%	$28.8M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04398	+0.002%	$4.3M	$6.9M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04391	−0.148%	$12.1M	$3.0M	50x	as long as short
BingX KAS-USDTshort	+0.0100%	4h	0.04395	−0.058%	—	$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	0.04393	−0.096%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0292% / S −0.5848%	1h	0.04397	−0.017%	$12K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04418	+0.465%	$381K	$296K	75x	as long as short
Hyperliquid KAS	+0.0392%	1h	0.04403	+0.136%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0726%	1h	0.04398	+0.010%	$309K	$470K	20x	as long as short