Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1896%/8h= +207.6% APRpaid last 24h +0.358%

Price spread now: GMX against KuCoin−0.064%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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—needs both histories

Funding pays, the price is against you. GMX is 0.064% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$57 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KASUSDTM	0.04342	0.0100	pay 0.0050% / 4h	2h 53m	$4.3M	$7.4M	50x
Short	GMX KAS/USD [WBTC.b-USDC]	0.04339	L +0.0284% / S −0.1996%	get 0.0249% / 1h	53m 29s	$11K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now −0.064%Rate

Funding earned: $398.1
Price spread: −0.064% → 0.000%: −$6.45
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $367.65
Costs to cover: 0.240%
Break-even: 0.5 days

Slippage unknown: KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	4.50 bp	34.0 bp −$34	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
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0001%	1h	0.04337	−0.106%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.449%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04339	−0.058%	$255K	$145K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04343	+0.035%	$4.1M	$12.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04339	−0.058%	$10.9M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04336	−0.127%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04342	+0.012%	$29.2M	$4.8M	200x	as long as short
KuCoin KASUSDTMlong	+0.0100%	4h	0.04342	long leg	$4.3M	$7.4M	50x
Bitget KASUSDT	+0.0100%	4h	0.04338	−0.081%	$11.9M	$3.2M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04340	−0.035%	—	$67.7M	—	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	0.04339	−0.052%	$24K	$24K	—	as long as short
Hyperliquid KAS	+0.0116%	1h	0.04348	+0.141%	$2.8M	$1.1M	3x	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0284% / S −0.1996%	1h	0.04339	−0.064%	$11K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04342	+0.012%	$375K	$296K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0375%	1h	0.04340	−0.046%	$305K	$513K	20x	as long as short