Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against GMX−0.088%50s7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.088% cheaper against GMX than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX KAS/USD [WBTC.b-USDC]	0.04191	L +0.0219% / S −0.0776%	pay 0.0027% / 1h	55m 22s	$5K	—	100x
Short	Variational Omni KAS	0.04187	0.0100	get 0.0050% / 4h	1h 55m	$22K	$24K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.088%Rate

Funding earned: −$24.96
Price spread: −0.088% → 0.000%: −$8.75
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$45.71
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Variational Omni: 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 GMX no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

GMX and Variational Omni: 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 exchanges

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 −0.0008%	1h	0.04201	+0.236%	$14K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+4.054%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04202	+0.256%	$247K	$135K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04199	+0.188%	$3.8M	$13.0M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04193	+0.045%	$10.6M	$8.0M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04192	+0.021%	$2.1M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04198	+0.165%	$29.0M	$5.2M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04199	+0.177%	$4.4M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04195	+0.093%	$11.5M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04195	+0.093%	—	$53.7M	—	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KASshort	+0.0100%	4h	0.04187	−0.088%	$22K	$24K	—
GMX KAS/USD [WBTC.b-USDC]long	L +0.0219% / S −0.0776%	1h	0.04191	long leg	$5K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04210	+0.451%	$335K	$267K	75x	as long as short
Hyperliquid KAS	+0.0664%	1h	0.04204	+0.308%	$2.7M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1507%	1h	0.04195	+0.101%	$290K	$535K	20x	as long as short