Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: BingX against Injective−2.316%7-day average +1.776% · you buy dearer than you sell

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

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+6.013%+$601 · spread now −2.316%, 7d avg +1.776%

Together, before fees+6.126%+$613 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 4.092% cheaper against Injective than usual: you would sell low and buy high (spread −2.316% now, against its 7-day average of +1.776%). If the spread goes back, that is −$409 on $10k: about 7 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective KAS/USDC PERP	0.04361	0.0033	pay 0.0004% / 1h	30m 57s	$45	$154K	5.5x
Short	BingX KAS-USDT	0.04260	0.0100	get 0.0050% / 4h	1h 30m	—	$67.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee BingXbpOrdersPrice spread, now −2.316%Rate

Funding earned: $14
Price spread: −2.316% → +1.776%: −$409.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$405.18
Costs to cover: 0.100%
Break-even: 209.6 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	3.52 bp	22.8 bp −$23	53.3 bp −$533	320.5 bp −$32.0K	462.0 bp −$231.0K

Injective: 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/USD	L +0.0010% / S −0.0001%	1h	0.04259	−2.334%	$4K	—	150x	as long as short
Injective KAS/USDC PERPlong	+0.0033%	1h	0.04361	long leg	$45	$154K	5.5x
Aster KASUSDT	+0.0100%	4h	0.04265	−2.204%	$250K	$146K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04263	−2.258%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04257	−2.385%	$10.7M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04259	−2.339%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04263	−2.247%	$29.3M	$5.2M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04265	−2.211%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04258	−2.362%	$11.7M	$3.1M	50x	as long as short
BingX KAS-USDTshort	+0.0100%	4h	0.04260	−2.316%	—	$67.7M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04262	−2.276%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04259	−2.348%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04266	−2.178%	$366K	$291K	75x	as long as short
Hyperliquid KAS	+0.0522%	1h	0.04269	−2.121%	$2.7M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0668%	1h	0.04263	−2.246%	$304K	$502K	20x	as long as short