Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0676%/8h= +74.0% APRpaid last 24h +0.463%

Price spread now: GMX against Binance−0.097%50s7-day average — · you buy dearer than you sell

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

Long on Binance Short on GMX

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—needs both histories

Funding pays, the price is against you. GMX is 0.097% cheaper against Binance than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 11 hours of funding at the current rate (+$20 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	Binance KASUSDT	0.04197	0.0100	pay 0.0050% / 4h	2h 05m	$3.8M	$13.0M	75x
Short	GMX KAS/USD [WBTC.b-USDC]	0.04193	L +0.0219% / S −0.0776%	get 0.0097% / 1h	5m 30s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.097%Rate

Funding earned: $141.89
Price spread: −0.097% → 0.000%: −$9.69
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $110.2
Costs to cover: 0.220%
Break-even: 1.6 days

Slippage unknown: Binance: live order book, 13 min ago; 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 Binance live order book, 13 min ago	2.37 bp	17.9 bp −$18	58.9 bp −$589	345.7 bp −$34.6K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 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	0.04193	−0.105%	$13K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+3.903%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04201	+0.089%	$247K	$135K	20x	as long as short
Binance KASUSDTlong	+0.0100%	4h	0.04197	long leg	$3.8M	$13.0M	75x
Bybit KASUSDT	+0.0100%	4h	0.04195	−0.052%	$10.6M	$8.0M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04195	−0.052%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04199	+0.044%	$29.0M	$5.5M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04200	+0.072%	$4.4M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04194	−0.075%	$11.5M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04196	−0.028%	—	$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 KAS	+0.0100%	4h	0.04193	−0.099%	$22K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0219% / S −0.0776%	1h	0.04193	−0.097%	$5K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04201	+0.091%	$338K	$272K	75x	as long as short
Hyperliquid KAS	+0.0705%	1h	0.04203	+0.137%	$2.7M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0895%	1h	0.04200	+0.078%	$292K	$534K	20x	as long as short