KAS

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0231%/8h= −25.3% APRnext payment −$0.29 per $10,000 · paid last 24h −0.086%

Price spread now: GMX against Hyperliquid−0.343%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GMX is 0.343% cheaper against Hyperliquid than usual: you would sell low and buy high (−$34 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	Hyperliquid KAS	0.04372	0.0222	pay 0.0028% / 1h	13m 39s	$2.9M	$930K	3x
Short	GMX KAS/USD [WBTC.b-USDC]	0.04357	L +0.0039% / S +0.0009%	pay 0.0001% / 1h	13m 39s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.343%Rate

Funding earned: −$48.57
Price spread: −0.343% → 0.000%: −$34.31
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$103.88
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; GMX: no order-book sample. 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 Hyperliquid live order book, 8 min ago	3.18 bp	32.3 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	0.04362	−0.217%	$292K	$439K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04361	−0.242%	$45	$154K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04358	−0.314%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0039% / S +0.0009%	1h	0.04357	−0.343%	$4K	—	100x
Aster KASUSDT	+0.0100%	4h	0.04364	−0.164%	$256K	$199K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04360	−0.265%	$4.0M	$11.2M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04356	−0.357%	$10.8M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04356	−0.357%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04362	−0.220%	$27.9M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04359	−0.288%	$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	0.04359	−0.288%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04357	−0.334%	—	$69.3M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04355	−0.384%	$26K	$20K	—	as long as short
Hyperliquid KASlong	+0.0222%	1h	0.04372	long leg	$2.9M	$930K	3x
BloFin KAS-USDT	+0.0340%	4h	0.04354	−0.403%	$382K	$202K	75x	as long as short