Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.027%

Price spread now: MEXC against gTrade (Gains Network)+0.211%104s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on MEXC

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.211% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) KAS/USD	0.04294	L +0.0010% / S −0.0001%	pay 0.0001% / 1h	15m 31s	$4K	—	150x
Short	MEXC KAS_USDT	0.04303	0.0100	get 0.0050% / 4h	1h 15m	$29.5M	$5.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.211%Rate

Funding earned: $18.96
Price spread: +0.211% → 0.000%: $21.15
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $30.11
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: 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 MEXC live order book, 3 min ago	2.32 bp	10.6 bp −$11	54.1 bp −$541	88.9 bp −$8,891	105.5 bp −$52.7K

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 −0.0001%	1h	0.04294	long leg	$4K	—	150x
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.562%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04302	+0.196%	$253K	$130K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04301	+0.165%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04296	+0.048%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04296	+0.048%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDTshort	+0.0100%	4h	0.04303	+0.211%	$29.5M	$5.2M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04299	+0.121%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04297	+0.072%	$11.8M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04298	+0.095%	—	$67.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04296	+0.043%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04296	+0.053%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04302	+0.188%	$362K	$294K	75x	as long as short
Hyperliquid KAS	+0.0447%	1h	0.04308	+0.321%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0662%	1h	0.04301	+0.160%	$307K	$503K	20x	as long as short