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 +0.045%

Price spread now: GMX against Variational Omni−0.117%50s7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.117% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 2 hours of funding at the current rate (+$172 a day). 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	Variational Omni KAS	0.04375	0.0100	pay 0.0050% / 4h	3h 33m	$26K	$21K	—
Short	GMX KAS/USD [WBTC.b-USDC]	0.04370	L +0.0291% / S −0.5848%	get 0.0731% / 1h	33m 30s	$12K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee GMXbpOrdersPrice spread, now −0.117%Rate

Funding earned: $1,207.17
Price spread: −0.117% → 0.000%: −$11.71
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,183.46
Costs to cover: 0.120%
Break-even: 0.1 days

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

Variational Omni and 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	0.04370	−0.105%	$5K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−0.316%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04372	−0.060%	$258K	$168K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04375	+0.004%	$4.1M	$11.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04372	−0.065%	$10.8M	$7.2M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04367	−0.179%	$2.1M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04376	+0.027%	$28.3M	$4.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04376	+0.027%	$4.3M	$6.8M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04373	−0.042%	$12.1M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04372	−0.065%	—	$67.8M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KASlong	+0.0100%	4h	0.04375	long leg	$26K	$21K	—
GMX KAS/USD [WBTC.b-USDC]short	L +0.0291% / S −0.5848%	1h	0.04370	−0.117%	$12K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04373	−0.042%	$378K	$267K	75x	as long as short
Kraken Futures PF_KASUSD	+0.0403%	1h	0.04374	−0.029%	$308K	$469K	20x	as long as short
Hyperliquid KAS	+0.0513%	1h	0.04382	+0.164%	$2.8M	$1.0M	3x	as long as short