Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.062%

Price spread now: Bitget against GMX−0.071%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Bitget

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.071% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX KAS/USD [WBTC.b-USDC]	0.04379	L +0.0120% / S −0.0538%	pay 0.0015% / 1h	54m 42s	$11K	—	100x
Short	Bitget KASUSDT	0.04376	0.0100	get 0.0050% / 4h	1h 54m	$12.0M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$4.24
Price spread: −0.071% → 0.000%: −$7.08
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$35.32
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	3.43 bp	20.7 bp −$21	56.7 bp −$567	doesn't fit	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
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04380	+0.028%	$11K	—	150x	as long as short
Kraken Futures PF_KASUSD	+0.0089%	1h	0.04384	+0.112%	$293K	$439K	20x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04380	+0.030%	$257K	$199K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04381	+0.043%	$4.1M	$11.2M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04380	+0.021%	$10.8M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04378	−0.025%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04381	+0.043%	$28.1M	$4.4M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04382	+0.073%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDTshort	+0.0100%	4h	0.04376	−0.071%	$12.0M	$3.0M	50x
BingX KAS-USDT	+0.0100%	4h	0.04382	+0.066%	—	$69.3M	—	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	0.04378	−0.034%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]long	L +0.0120% / S −0.0538%	1h	0.04379	long leg	$11K	—	100x
Injective KAS/USDC PERP	+0.0329%	1h	0.04361	−0.413%	$45	$154K	5.5x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04388	+0.203%	$381K	$204K	75x	as long as short
Hyperliquid KAS	+0.0596%	1h	0.04388	+0.206%	$2.9M	$928K	3x	as long as short