Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0163%/8h= −17.8% APRpaid last 24h −0.069%

Price spread now: GMX against Gate−0.009%7-day average — · you buy dearer than you sell

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

Long on Gate 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KAS_USDT	0.04396	0.0100	pay 0.0100% / 8h	2h 58m	$2.2M	$1.6M	75x
Short	GMX KAS/USD [WBTC.b-USDC]	0.04396	L +0.0159% / S +0.0063%	pay 0.0008% / 1h	58m 16s	$17K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$34.22
Price spread: −0.009% → 0.000%: −$0.91
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: −$62.13
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	6.83 bp	25.9 bp −$26	132.7 bp −$1,327	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
Kraken Futures PF_KASUSD	−0.0190%	1h	0.04394	−0.055%	$291K	$435K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04423	+0.614%	$46	$102K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04396	+0.001%	$11K	—	150x	as long as short
Hyperliquid KAS	+0.0100%	1h	0.04402	+0.146%	$2.9M	$900K	3x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04398	+0.043%	$4.1M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04396	0.000%	$10.8M	$7.1M	50x	as long as short
Gate KAS_USDTlong	+0.0100%	8h	0.04396	long leg	$2.2M	$1.6M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04403	+0.159%	$28.1M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04399	+0.057%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04395	−0.023%	$12.1M	$2.9M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KAS-USDT	+0.0100%	4h	0.04394	−0.045%	—	$69.1M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04404	+0.172%	$26K	$20K	—	as long as short
Aster KASUSDT	+0.0151%	4h	0.04402	+0.148%	$259K	$199K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0159% / S +0.0063%	1h	0.04396	−0.009%	$17K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04406	+0.227%	$396K	$226K	75x	as long as short