Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h +0.029%

Price spread now: KuCoin against GMX+0.069%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 KuCoin

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 pays, funding is against you. KuCoin is 0.069% dearer against GMX than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX KAS/USD [WBTC.b-USDC]	0.04331	L +0.0283% / S −0.5451%	pay 0.0035% / 1h	52m 28s	$11K	—	100x
Short	KuCoin KASUSDTM	0.04334	0.0100	get 0.0050% / 4h	3h 52m	$4.3M	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$38.44
Price spread: +0.069% → 0.000%: $6.93
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$55.51
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, just now. 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 KuCoin live order book, just now	4.50 bp	26.8 bp −$27	143.8 bp −$1,438	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 −0.0001%	1h	0.04331	+0.009%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.700%	$45	$154K	5.5x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04335	+0.099%	$4.2M	$12.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04331	+0.007%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04331	+0.007%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04335	+0.099%	$28.9M	$4.8M	200x	as long as short
KuCoin KASUSDTMshort	+0.0100%	4h	0.04334	+0.069%	$4.3M	$7.3M	50x
Bitget KASUSDT	+0.0100%	4h	0.04331	+0.007%	$11.9M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04332	+0.030%	—	$67.7M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04331	+0.001%	$23K	$23K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0113%	4h	0.04334	+0.076%	$255K	$167K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]long	L +0.0283% / S −0.5451%	1h	0.04331	long leg	$11K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04339	+0.192%	$383K	$296K	75x	as long as short
Hyperliquid KAS	+0.0378%	1h	0.04342	+0.266%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0589%	1h	0.04335	+0.094%	$310K	$505K	20x	as long as short