Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0057%/8hpaid last 24h +0.061%

Price spread now: Gate against GMX−0.057%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 Gate

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—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.057% cheaper against GMX than usual: you would sell low and buy high (−$6 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]	0.04385	L +0.0157% / S +0.0162%	pay 0.0020% / 1h	6m 33s	$17K	—	100x
Short	Gate KAS_USDT	0.04383	0.0100	get 0.0100% / 8h	4h 06m	$2.2M	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.057%Rate

Funding earned: −$12.04
Price spread: −0.057% → 0.000%: −$5.7
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$44.74
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	6.85 bp	25.9 bp −$26	135.2 bp −$1,352	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
Kraken Futures PF_KASUSD	−0.0291%	1h	0.04384	−0.024%	$285K	$411K	20x	as long as short
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0009%	1h	0.04386	+0.011%	$14K	—	150x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04378	−0.164%	$4.0M	$9.8M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04374	−0.262%	$10.7M	$6.1M	50x	as long as short
Gate KAS_USDTshort	+0.0100%	8h	0.04383	−0.057%	$2.2M	$1.5M	75x
MEXC KAS_USDT	+0.0100%	4h	0.04379	−0.148%	$27.0M	$3.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04385	0.000%	$4.2M	$6.7M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04377	−0.194%	$12.0M	$2.6M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04380	−0.125%	—	$69.3M	—	as long as short
Variational Omni KAS	+0.0100%	4h	0.04330	−1.255%	$28K	$17K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0113%	4h	0.04385	−0.023%	$262K	$190K	20x	as long as short
Injective KAS/USDC PERP	+0.0121%	1h	0.04272	−2.588%	$44	$61K	5.5x	as long as short
GMX KAS/USD [WBTC.b-USDC]long	L +0.0157% / S +0.0162%	1h	0.04385	long leg	$17K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04388	+0.057%	$393K	$200K	75x	as long as short
Hyperliquid KAS	+0.0365%	1h	0.04388	+0.050%	$2.9M	$855K	3x	as long as short