Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.062%

Price spread now: Binance against GMX+0.032%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Binance

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.032% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX KAS/USD [WBTC.b-USDC]	0.04365	L +0.0035% / S +0.0047%	pay 0.0004% / 1h	45m 57s	$4K	—	100x
Short	Binance KASUSDT	0.04366	0.0100	get 0.0050% / 4h	2h 45m	$4.0M	$11.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.032%Rate

Funding earned: $13.55
Price spread: +0.032% → 0.000%: $3.21
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$5.24
Costs to cover: 0.220%
Break-even: 9.7 days

Slippage unknown: GMX: no order-book sample; Binance: live order book, 9 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	1.14 bp	16.8 bp −$17	59.6 bp −$596	468.9 bp −$46.9K	doesn't fit

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	−0.0191%	1h	0.04370	+0.115%	$289K	$432K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04423	+1.338%	$46	$102K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04365	+0.003%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]long	L +0.0035% / S +0.0047%	1h	0.04365	long leg	$4K	—	100x
Hyperliquid KAS	+0.0100%	1h	0.04374	+0.215%	$2.8M	$911K	3x	as long as short
Binance KASUSDTshort	+0.0100%	4h	0.04366	+0.032%	$4.0M	$11.0M	75x
Bybit KASUSDT	+0.0100%	4h	0.04364	−0.014%	$10.7M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04362	−0.060%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04368	+0.078%	$27.9M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04368	+0.078%	$4.2M	$6.8M	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KASUSDT	+0.0100%	4h	0.04365	+0.009%	$12.0M	$2.9M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04366	+0.032%	—	$69.1M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04377	+0.285%	$26K	$20K	—	as long as short
Aster KASUSDT	+0.0121%	4h	0.04369	+0.096%	$257K	$197K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04369	+0.101%	$390K	$224K	75x	as long as short