Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: MEXC against Injective−1.743%7-day average +1.865% · you buy dearer than you sell

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

Long on Injective Short on MEXC

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)+5.172%+$517 · spread now −1.743%, 7d avg +1.865%

Together, before fees+5.286%+$529 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 3.608% cheaper against Injective than usual: you would sell low and buy high (spread −1.743% now, against its 7-day average of +1.865%). If the spread goes back, that is −$361 on $10k: about 6 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 49s	$45	$154K	5.5x
Short	MEXC KAS_USDT	0.04285	0.0100	get 0.0050% / 4h	2h 30m	$28.8M	$4.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −1.743%Rate

Funding earned: $14
Price spread: −1.743% → +1.865%: −$360.77
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: −$346.79
Costs to cover: 0.000%
Break-even: 180.4 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	1.16 bp	11.3 bp −$11	59.2 bp −$592	96.4 bp −$9,635	111.1 bp −$55.5K

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	0.04283	−1.789%	$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	0.04288	−1.674%	$252K	$146K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04286	−1.720%	$4.1M	$12.9M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04280	−1.857%	$10.7M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04280	−1.857%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDTshort	+0.0100%	4h	0.04285	−1.743%	$28.8M	$4.9M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04286	−1.715%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04285	−1.743%	$11.8M	$3.2M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04283	−1.789%	—	$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	0.04280	−1.861%	$23K	$24K	—	as long as short
Hyperliquid KAS	+0.0178%	1h	0.04291	−1.598%	$2.7M	$1.1M	3x	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0283% / S −0.1996%	1h	0.04283	−1.786%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04296	−1.490%	$374K	$292K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0379%	1h	0.04286	−1.712%	$302K	$506K	20x	as long as short