Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1896%/8h= +207.6% APRpaid last 24h +0.410%

Price spread now: GMX against BingX−0.079%7-day average — · you buy dearer than you sell

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

Long on BingX Short on GMX

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. GMX is 0.079% cheaper against BingX than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3 hours of funding at the current rate (+$57 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KAS-USDT	0.04291	0.0100	pay 0.0050% / 4h	52m 39s	—	$67.7M	—
Short	GMX KAS/USD [WBTC.b-USDC]	0.04288	L +0.0282% / S −0.1996%	get 0.0249% / 1h	52m 39s	$11K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BingX. 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 BingXbpFee GMXbpOrdersPrice spread, now −0.079%Rate

Funding earned: $398.1
Price spread: −0.079% → 0.000%: −$7.92
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $368.18
Costs to cover: 0.220%
Break-even: 0.5 days

Slippage unknown: BingX: live order book, 16 min ago; GMX: no order-book sample. 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 BingX live order book, 16 min ago	3.49 bp	16.8 bp −$17	46.7 bp −$467	407.0 bp −$40.7K	529.0 bp −$264.5K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	0.04288	−0.071%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.631%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04294	+0.074%	$252K	$129K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04289	−0.046%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04287	−0.093%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04290	−0.023%	$2.2M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04291	0.000%	$29.5M	$5.2M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04293	+0.054%	$4.3M	$7.3M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04290	−0.023%	$11.8M	$3.1M	50x	as long as short
BingX KAS-USDTlong	+0.0100%	4h	0.04291	long leg	—	$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	0.04280	−0.263%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0282% / S −0.1996%	1h	0.04288	−0.079%	$11K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04293	+0.047%	$364K	$293K	75x	as long as short
Hyperliquid KAS	+0.0549%	1h	0.04299	+0.184%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1057%	1h	0.04293	+0.036%	$306K	$496K	20x	as long as short