Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.131%

Price spread now: BloFin against GMX+0.167%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 BloFin

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 +$6 a day on $10k at the current rate, and BloFin is 0.167% dearer against GMX than usual: you sell high and buy low: +$17 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	GMX KAS/USD [WBTC.b-USDC]	0.04374	L +0.0132% / S −0.0886%	pay 0.0016% / 1h	46m 44s	$11K	—	100x
Short	BloFin KAS-USDT	0.04381	0.0340	get 0.0170% / 4h	1h 46m	$382K	$204K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.167%Rate

Funding earned: $43.74
Price spread: +0.167% → 0.000%: $16.69
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $36.43
Costs to cover: 0.240%
Break-even: 1.2 days

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 34 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 BloFin live order book, 34 min ago	1.14 bp	15.0 bp −$15	37.5 bp −$375	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 −0.0017%	1h	0.04374	+0.014%	$11K	—	150x	as long as short
Kraken Futures PF_KASUSD	+0.0090%	1h	0.04374	+0.003%	$293K	$439K	20x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04375	+0.033%	$256K	$199K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04376	+0.059%	$4.1M	$11.2M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04374	+0.007%	$10.8M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04373	−0.016%	$2.2M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04376	+0.053%	$28.1M	$4.4M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04376	+0.050%	$4.2M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04373	−0.016%	$12.0M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04376	+0.053%	—	$69.3M	—	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	0.04371	−0.059%	$26K	$21K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]long	L +0.0132% / S −0.0886%	1h	0.04374	long leg	$11K	—	100x
Injective KAS/USDC PERP	+0.0329%	1h	0.04361	−0.290%	$45	$154K	5.5x	as long as short
BloFin KAS-USDTshort	+0.0340%	4h	0.04381	+0.167%	$382K	$204K	75x
Hyperliquid KAS	+0.0473%	1h	0.04383	+0.217%	$2.9M	$933K	3x	as long as short