Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h +0.056%

Price spread now: Gate against GMX+0.009%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 Gate

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: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX KAS/USD [WBTC.b-USDC]	0.04396	L +0.0159% / S +0.0063%	pay 0.0020% / 1h	58m 11s	$17K	—	100x
Short	Gate KAS_USDT	0.04396	0.0100	get 0.0100% / 8h	2h 58m	$2.2M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.009%Rate

Funding earned: −$12.43
Price spread: +0.009% → 0.000%: $0.91
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.52
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	6.83 bp	24.1 bp −$24	106.5 bp −$1,065	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
Kraken Futures PF_KASUSD	−0.0190%	1h	0.04394	−0.046%	$291K	$435K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04423	+0.623%	$46	$102K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04396	+0.010%	$11K	—	150x	as long as short
Hyperliquid KAS	+0.0100%	1h	0.04402	+0.155%	$2.9M	$900K	3x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04398	+0.052%	$4.1M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04396	+0.009%	$10.8M	$7.1M	50x	as long as short
Gate KAS_USDTshort	+0.0100%	8h	0.04396	+0.009%	$2.2M	$1.6M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04403	+0.168%	$28.1M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04399	+0.066%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04395	−0.014%	$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	−0.036%	—	$69.1M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04404	+0.181%	$26K	$20K	—	as long as short
Aster KASUSDT	+0.0151%	4h	0.04402	+0.157%	$259K	$199K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]long	L +0.0159% / S +0.0063%	1h	0.04396	long leg	$17K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04406	+0.237%	$396K	$226K	75x	as long as short