Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.5748%/8h= +629.5% APRpaid last 24h +0.040%

Price spread now: GMX against Bitget−0.077%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.077% cheaper against Bitget than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 1 hour of funding at the current rate (+$172 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KASUSDT	0.04391	0.0100	pay 0.0050% / 4h	2h 54m	$12.1M	$2.9M	50x
Short	GMX KAS/USD [WBTC.b-USDC]	0.04388	L +0.0292% / S −0.5848%	get 0.0731% / 1h	54m 21s	$12K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $1,207.17
Price spread: −0.077% → 0.000%: −$7.74
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,175.43
Costs to cover: 0.240%
Break-even: 0.2 days

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	3.41 bp	20.2 bp −$20	66.0 bp −$660	doesn't fit	doesn't fit
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 0.0000%	1h	0.04387	−0.080%	$3K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−0.683%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04384	−0.161%	$258K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04387	−0.082%	$4.1M	$11.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04388	−0.068%	$10.9M	$7.3M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04379	−0.273%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04385	−0.137%	$28.6M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04387	−0.087%	$4.3M	$6.9M	50x	as long as short
Bitget KASUSDTlong	+0.0100%	4h	0.04391	long leg	$12.1M	$2.9M	50x
BingX KAS-USDT	+0.0100%	4h	0.04386	−0.114%	—	$67.9M	—	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	0.04389	−0.038%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0292% / S −0.5848%	1h	0.04388	−0.077%	$12K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04396	+0.114%	$379K	$288K	75x	as long as short
Hyperliquid KAS	+0.0477%	1h	0.04398	+0.162%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0726%	1h	0.04397	+0.128%	$308K	$468K	20x	as long as short