Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.078%

Price spread now: GMX against MEXC−0.116%7-day average — · you buy dearer than you sell

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

Long on MEXC 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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GMX is 0.116% cheaper against MEXC than usual: you would sell low and buy high (−$12 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	MEXC KAS_USDT	0.04386	0.0100	pay 0.0050% / 4h	2h 26m	$28.1M	$4.6M	200x
Short	GMX KAS/USD [WBTC.b-USDC]	0.04381	L +0.0038% / S +0.0023%	pay 0.0003% / 1h	26m 48s	$4K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$25.9
Price spread: −0.116% → 0.000%: −$11.63
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$49.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 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 MEXC live order book, 2 min ago	1.14 bp	11.5 bp −$11	60.1 bp −$601	91.7 bp −$9,165	115.3 bp −$57.6K
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	−0.0191%	1h	0.04386	−0.006%	$293K	$437K	20x	as long as short
Injective KAS/USDC PERP	−0.0009%	1h	0.04361	−0.570%	$45	$154K	5.5x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0017%	1h	0.04382	−0.101%	$11K	—	150x	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0038% / S +0.0023%	1h	0.04381	−0.116%	$4K	—	100x
Hyperliquid KAS	+0.0100%	1h	0.04393	+0.157%	$2.9M	$919K	3x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04389	+0.068%	$4.1M	$11.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04387	+0.023%	$10.9M	$7.1M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04385	−0.023%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDTlong	+0.0100%	4h	0.04386	long leg	$28.1M	$4.6M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04387	+0.021%	$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	0.04384	−0.046%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04388	+0.046%	—	$69.1M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04357	−0.666%	$26K	$20K	—	as long as short
Aster KASUSDT	+0.0107%	4h	0.04386	−0.001%	$258K	$199K	20x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04391	+0.114%	$386K	$204K	75x	as long as short