Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h −0.002%

Price spread now: Bybit against GMX−0.055%7-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 Bybit

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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.055% cheaper against GMX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX KAS/USD [WBTC.b-USDC]	0.04196	L +0.0219% / S −0.0776%	pay 0.0027% / 1h	49m 36s	$5K	—	100x
Short	Bybit KASUSDT	0.04194	0.0100	get 0.0050% / 4h	49m 36s	$10.5M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$24.99
Price spread: −0.055% → 0.000%: −$5.48
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.48
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.19 bp	15.7 bp −$16	54.0 bp −$540	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 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	0.04196	−0.017%	$14K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+3.925%	$45	$154K	5.5x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04198	+0.038%	$3.7M	$13.1M	75x	as long as short
Bybit KASUSDTshort	+0.0100%	4h	0.04194	−0.055%	$10.5M	$8.0M	50x
Gate KAS_USDT	+0.0100%	8h	0.04195	−0.031%	$2.1M	$1.6M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04197	+0.017%	$28.9M	$5.3M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04200	+0.081%	$4.5M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04196	−0.007%	$11.5M	$2.9M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04198	+0.041%	—	$53.5M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04188	−0.188%	$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	+0.0136%	4h	0.04201	+0.112%	$246K	$125K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]long	L +0.0219% / S −0.0776%	1h	0.04196	long leg	$5K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04196	−0.007%	$329K	$272K	75x	as long as short
Hyperliquid KAS	+0.0620%	1h	0.04205	+0.205%	$2.7M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1166%	1h	0.04196	+0.001%	$287K	$548K	20x	as long as short