Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.5508%/8h= +603.2% APRpaid last 24h +0.119%

Price spread now: GMX against BloFin−0.196%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.196% cheaper against BloFin than usual: you would sell low and buy high (spread −0.196% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 3 hours of funding at the current rate (+$165 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin KAS-USDT	0.04328	0.0340	pay 0.0170% / 4h	1h 39m	$385K	$278K	75x
Short	GMX KAS/USD [WBTC.b-USDC]	0.04319	L +0.0290% / S −0.5848%	get 0.0731% / 1h	39m 19s	$12K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.196%Rate

Funding earned: $1,156.77
Price spread: −0.196% → 0.000%: −$19.64
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,113.13
Costs to cover: 0.240%
Break-even: 0.3 days

Slippage unknown: BloFin: live order book, 86 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 BloFin live order book, 86 min ago	12.51 bp	24.5 bp −$24	55.2 bp −$552	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 −0.0001%	1h	0.04320	−0.188%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.762%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04329	+0.012%	$254K	$167K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04324	−0.084%	$4.1M	$12.4M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04321	−0.162%	$10.7M	$7.6M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04321	−0.162%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04325	−0.069%	$28.9M	$4.7M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04327	−0.023%	$4.2M	$7.1M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04320	−0.185%	$11.9M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04320	−0.185%	—	$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	0.04322	−0.147%	$26K	$20K	—	as long as short
Kraken Futures PF_KASUSD	+0.0115%	1h	0.04327	−0.033%	$307K	$495K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0290% / S −0.5848%	1h	0.04319	−0.196%	$12K	—	100x
Hyperliquid KAS	+0.0336%	1h	0.04331	+0.076%	$2.8M	$1.1M	3x	as long as short
BloFin KAS-USDTlong	+0.0340%	4h	0.04328	long leg	$385K	$278K	75x