Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0676%/8h= +74.0% APRpaid last 24h +0.486%

Price spread now: GMX against Bitget−0.152%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.152% cheaper against Bitget than usual: you would sell low and buy high (spread −0.152% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 18 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KASUSDT	0.04214	0.0100	pay 0.0050% / 4h	9m 53s	$11.6M	$2.9M	50x
Short	GMX KAS/USD [WBTC.b-USDC]	0.04208	L +0.0219% / S −0.0776%	get 0.0097% / 1h	9m 53s	$5K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now −0.152%Rate

Funding earned: $141.89
Price spread: −0.152% → 0.000%: −$15.19
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $102.7
Costs to cover: 0.240%
Break-even: 1.9 days

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	2.37 bp	19.7 bp −$20	41.6 bp −$416	doesn't fit	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	0.04209	−0.129%	$14K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+3.488%	$45	$154K	5.5x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04214	0.000%	$3.8M	$12.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04209	−0.119%	$10.5M	$7.9M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04211	−0.071%	$2.1M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04212	−0.047%	$29.9M	$5.4M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04220	+0.142%	$4.7M	$7.3M	50x	as long as short
Bitget KASUSDTlong	+0.0100%	4h	0.04214	long leg	$11.6M	$2.9M	50x
BingX KAS-USDT	+0.0100%	4h	0.04212	−0.047%	—	$53.5M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04206	−0.182%	$21K	$25K	—	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0130%	4h	0.04220	+0.134%	$248K	$124K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0219% / S −0.0776%	1h	0.04208	−0.152%	$5K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04217	+0.071%	$327K	$273K	75x	as long as short
Hyperliquid KAS	+0.0614%	1h	0.04223	+0.214%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1161%	1h	0.04214	+0.001%	$288K	$540K	20x	as long as short