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 0.000%

Price spread now: BingX against KuCoin−0.023%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$910.913% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.109%−$11 · spread now −0.023%, 7d avg −0.058%

Together, before fees−0.095%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.034% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KASUSDTM	0.04318	0.0100	pay 0.0050% / 4h	46m 21s	$4.2M	$6.8M	50x
Short	BingX KAS-USDT	0.04317	0.0100	get 0.0050% / 4h	46m 21s	—	$69.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.058%: $3.45
Slippage, 4 orders: −$69.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$87.84
Costs to cover: 0.913%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 8 min ago.

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 KuCoin live order book, 2 min ago	6.53 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	6.88 bp	18.5 bp −$18	47.0 bp −$470	293.9 bp −$29.4K	476.5 bp −$238.2K

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 −0.0017%	1h	0.04314	−0.088%	$11K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.996%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04327	+0.208%	$253K	$167K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04324	+0.140%	$4.0M	$11.2M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04315	−0.069%	$10.7M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04311	−0.162%	$2.1M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04320	+0.046%	$27.8M	$4.4M	200x	as long as short
KuCoin KASUSDTMlong	+0.0100%	4h	0.04318	long leg	$4.2M	$6.8M	50x
Bitget KASUSDT	+0.0100%	4h	0.04315	−0.069%	$11.9M	$3.0M	50x	as long as short
BingX KAS-USDTshort	+0.0100%	4h	0.04317	−0.023%	—	$69.5M	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04355	+0.867%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0224% / S −0.3733%	1h	0.04313	−0.113%	$11K	—	100x	as long as short
Kraken Futures PF_KASUSD	+0.0314%	1h	0.04361	+0.991%	$299K	$452K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04360	+0.973%	$376K	$209K	75x	as long as short
Hyperliquid KAS	+0.1284%	1h	0.04328	+0.243%	$2.8M	$981K	3x	as long as short