Settings8H · net · $10k
Funding arb · Price arb /

KAS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0776%/8h= +85.0% APRnext payment +$0.97 per $10,000 · paid last 24h +0.079%
Price spread now: Hyperliquid against GMX+0.311%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Hyperliquid is 0.311% dearer against GMX than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX KAS/USD [WBTC.b-USDC]0.04277L +0.0282% / S −0.5451%pay 0.0035% / 1h54m 32s$11K100x
ShortHyperliquid KAS0.042900.1058get 0.0132% / 1h54m 32s$2.8M$1.1M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$163.01
Price spread: +0.311% → 0.000%
$31.1
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$173.11
Costs to cover
0.210%
Break-even
from the start
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Hyperliquid live order book, 7 min ago6.28 bp29.7 bp −$30doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) KAS/USDL +0.0010% / S −0.0001%1h0.04278+0.023%$4K150xas long as short
Injective KAS/USDC PERP+0.0033%1h0.04361+1.962%$45$154K5.5xas long as short
Aster KASUSDT+0.0100%4h0.04288+0.253%$252K$167K20xas long as short
Binance KASUSDT+0.0100%4h0.04281+0.091%$4.1M$12.6M75xas long as short
Bybit KASUSDT+0.0100%4h0.04276−0.026%$10.6M$7.7M50xas long as short
Gate KAS_USDT+0.0100%8h0.04277−0.002%$2.1M$1.8M75xas long as short
MEXC KAS_USDT+0.0100%4h0.04281+0.091%$28.5M$4.7M200xas long as short
KuCoin KASUSDTM+0.0100%4h0.04283+0.140%$4.2M$7.2M50xas long as short
Bitget KASUSDT+0.0100%4h0.04277−0.002%$11.7M$3.1M50xas long as short
BingX KAS-USDT+0.0100%4h0.04277−0.002%$67.7Mas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni KAS+0.0100%4h0.04281+0.098%$25K$20Kas long as short
GMX KAS/USD [WBTC.b-USDC]longL +0.0282% / S −0.5451%1h0.04277long leg$11K100x
BloFin KAS-USDT+0.0340%4h0.04280+0.068%$382K$292K75xas long as short
Hyperliquid KASshort+0.1058%1h0.04290+0.311%$2.8M$1.1M3x
Kraken Futures PF_KASUSD+0.1206%1h0.04281+0.098%$306K$503K20xas long as short