Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.5748%/8h= +629.5% APRpaid last 24h −0.024%

Price spread now: GMX against Gate+0.074%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 +$172 a day on $10k at the current rate, and GMX is 0.074% dearer against Gate than usual: you sell high and buy low: +$7 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	0.04306	0.0100	pay 0.0100% / 8h	7h 55m	$2.1M	$1.6M	75x
Short	GMX KAS/USD [WBTC.b-USDC]	0.04309	L +0.0289% / S −0.5848%	get 0.0731% / 1h	55m 19s	$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 +0.074%Rate

Funding earned: $1,207.17
Price spread: +0.074% → 0.000%: $7.43
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,187.6
Costs to cover: 0.270%
Break-even: 0.1 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	4.64 bp	27.9 bp −$28	211.9 bp −$2,119	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	0.04310	+0.087%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.277%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04320	+0.322%	$255K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04313	+0.173%	$4.0M	$11.4M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04310	+0.093%	$10.7M	$7.1M	50x	as long as short
Gate KAS_USDTlong	+0.0100%	8h	0.04306	long leg	$2.1M	$1.6M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04314	+0.186%	$28.0M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04313	+0.163%	$4.3M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04307	+0.023%	$11.9M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04310	+0.093%	—	$67.9M	—	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	0.04325	+0.439%	$25K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0289% / S −0.5848%	1h	0.04309	+0.074%	$11K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04318	+0.279%	$371K	$204K	75x	as long as short
Hyperliquid KAS	+0.0405%	1h	0.04319	+0.307%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0409%	1h	0.04312	+0.138%	$302K	$460K	20x	as long as short