Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h +0.021%

Price spread now: Gate against GMX−0.023%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Gate

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 −$5 a day on $10k at the current rate, and Gate is 0.023% cheaper against GMX than usual: you would sell low and buy high (−$2 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	GMX KAS/USD [WBTC.b-USDC]	0.04296	L +0.0283% / S −0.1996%	pay 0.0035% / 1h	55m 10s	$11K	—	100x
Short	Gate KAS_USDT	0.04295	0.0100	get 0.0100% / 8h	1h 55m	$2.1M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.023%Rate

Funding earned: −$38.35
Price spread: −0.023% → 0.000%: −$2.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$67.68
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	3.49 bp	31.6 bp −$32	128.6 bp −$1,286	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 14 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
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.513%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04296	+0.003%	$252K	$146K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04301	+0.116%	$4.1M	$12.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04293	−0.070%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDTshort	+0.0100%	8h	0.04295	−0.023%	$2.1M	$1.8M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04300	+0.093%	$29.5M	$5.1M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04298	+0.056%	$4.3M	$7.4M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04295	−0.023%	$11.8M	$3.2M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04299	+0.070%	—	$67.7M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04293	−0.076%	$23K	$24K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX KAS/USD [WBTC.b-USDC]long	L +0.0283% / S −0.1996%	1h	0.04296	long leg	$11K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04305	+0.209%	$369K	$294K	75x	as long as short
Hyperliquid KAS	+0.0341%	1h	0.04304	+0.189%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0661%	1h	0.04303	+0.166%	$306K	$503K	20x	as long as short