Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1896%/8h= +207.6% APRpaid last 24h +0.360%

Price spread now: GMX against Gate+0.030%7-day average — · you sell dearer than you buy

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

Long on Gate 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 for this trade now. Funding pays +$57 a day on $10k at the current rate, and GMX is 0.030% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KAS_USDT	0.04295	0.0100	pay 0.0100% / 8h	1h 55m	$2.1M	$1.8M	75x
Short	GMX KAS/USD [WBTC.b-USDC]	0.04296	L +0.0283% / S −0.1996%	get 0.0249% / 1h	55m 43s	$11K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.030%Rate

Funding earned: $398.1
Price spread: +0.030% → 0.000%: $3.03
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $374.13
Costs to cover: 0.270%
Break-even: 0.4 days

Slippage unknown: Gate: 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 Gate live order book, 2 min ago	3.49 bp	32.9 bp −$33	247.6 bp −$2,476	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	0.04297	+0.047%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.537%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04296	+0.032%	$252K	$146K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04300	+0.120%	$4.1M	$12.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04292	−0.070%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDTlong	+0.0100%	8h	0.04295	long leg	$2.1M	$1.8M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04298	+0.070%	$29.5M	$5.1M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04299	+0.081%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04296	+0.023%	$11.8M	$3.2M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04297	+0.047%	—	$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	0.04293	−0.052%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0283% / S −0.1996%	1h	0.04296	+0.030%	$11K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04310	+0.349%	$369K	$294K	75x	as long as short
Hyperliquid KAS	+0.0367%	1h	0.04306	+0.263%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0662%	1h	0.04301	+0.133%	$306K	$503K	20x	as long as short