Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h +0.019%

Price spread now: Aster against GMX+0.127%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.127% dearer against GMX than usual: you sell high and buy low (spread +0.127% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX KAS/USD [WBTC.b-USDC]	0.04287	L +0.0283% / S −0.1996%	pay 0.0035% / 1h	39m 03s	$11K	—	100x
Short	Aster KASUSDT	0.04292	0.0100	get 0.0050% / 4h	39m 03s	$252K	$129K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.127%Rate

Funding earned: −$38.33
Price spread: +0.127% → 0.000%: $12.69
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$45.63
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 63 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 Aster live order book, 63 min ago	14.02 bp	30.4 bp −$30	doesn't fit	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 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 −0.0004%	1h	0.04287	−0.003%	$2K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.726%	$45	$154K	5.5x	as long as short
Aster KASUSDTshort	+0.0100%	4h	0.04292	+0.127%	$252K	$129K	20x
Binance KASUSDT	+0.0100%	4h	0.04288	+0.023%	$4.1M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04284	−0.070%	$10.8M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04286	−0.023%	$2.2M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04291	+0.093%	$29.4M	$5.2M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04291	+0.098%	$4.4M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04288	+0.023%	$11.8M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04287	0.000%	—	$40.3M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04298	+0.249%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]long	L +0.0283% / S −0.1996%	1h	0.04287	long leg	$11K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04296	+0.210%	$363K	$294K	75x	as long as short
Hyperliquid KAS	+0.0408%	1h	0.04297	+0.231%	$2.8M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1057%	1h	0.04291	+0.103%	$306K	$496K	20x	as long as short