Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h +0.039%

Price spread now: Aster against GMX+0.154%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.154% dearer against GMX than usual: you sell high and buy low (spread +0.154% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX KAS/USD [WBTC.b-USDC]	0.04299	L +0.0283% / S −0.5451%	pay 0.0035% / 1h	23m 42s	$11K	—	100x
Short	Aster KASUSDT	0.04306	0.0105	get 0.0052% / 4h	23m 42s	$253K	$166K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now +0.154%Rate

Funding earned: −$37.34
Price spread: +0.154% → 0.000%: $15.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$41.99
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 33 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 33 min ago	9.33 bp	25.0 bp −$25	doesn't fit	doesn't fit	doesn't fit

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	0.04300	+0.024%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.433%	$45	$154K	5.5x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04306	+0.154%	$4.1M	$12.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04301	+0.037%	$10.7M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04299	−0.009%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04304	+0.107%	$28.8M	$4.8M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04306	+0.160%	$4.3M	$7.3M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04300	+0.014%	$11.8M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04302	+0.060%	—	$67.7M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04301	+0.030%	$23K	$23K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDTshort	+0.0105%	4h	0.04306	+0.154%	$253K	$166K	20x
GMX KAS/USD [WBTC.b-USDC]long	L +0.0283% / S −0.5451%	1h	0.04299	long leg	$11K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04313	+0.316%	$376K	$295K	75x	as long as short
Hyperliquid KAS	+0.0649%	1h	0.04312	+0.291%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1199%	1h	0.04305	+0.119%	$307K	$502K	20x	as long as short