Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0063%/8h= +7.0% APRpaid last 24h +0.062%

Price spread now: BingX against GMX+0.053%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 BingX

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 BingX is 0.053% dearer against GMX than usual: you sell high and buy low: +$5 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]	0.04356	L +0.0037% / S +0.0035%	pay 0.0005% / 1h	36m 28s	$4K	—	100x
Short	BingX KAS-USDT	0.04358	0.0100	get 0.0050% / 4h	2h 36m	—	$69.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $13.33
Price spread: +0.053% → 0.000%: $5.28
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$3.39
Costs to cover: 0.220%
Break-even: 8.8 days

Slippage unknown: GMX: no order-book sample; BingX: live order book, 8 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 BingX live order book, 8 min ago	4.60 bp	22.7 bp −$23	47.0 bp −$470	266.4 bp −$26.6K	439.0 bp −$219.5K

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	−0.0192%	1h	0.04360	+0.103%	$291K	$437K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04361	+0.122%	$45	$154K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04358	+0.044%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]long	L +0.0037% / S +0.0035%	1h	0.04356	long leg	$4K	—	100x
Hyperliquid KAS	+0.0100%	1h	0.04367	+0.266%	$2.8M	$910K	3x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04358	+0.053%	$4.0M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04356	+0.007%	$10.8M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04357	+0.030%	$2.1M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04358	+0.053%	$27.8M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04359	+0.085%	$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	0.04358	+0.053%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDTshort	+0.0100%	4h	0.04358	+0.053%	—	$69.1M	—
Variational Omni KAS	+0.0100%	4h	0.04359	+0.076%	$26K	$20K	—	as long as short
Aster KASUSDT	+0.0117%	4h	0.04359	+0.066%	$256K	$197K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04347	−0.200%	$385K	$201K	75x	as long as short