Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h +0.014%

Price spread now: KuCoin against GMX+0.113%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 KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.113% dearer against GMX than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX KAS/USD [WBTC.b-USDC]	0.04262	L +0.0282% / S −0.1996%	pay 0.0035% / 1h	4m 54s	$11K	—	100x
Short	KuCoin KASUSDTM	0.04266	0.0100	get 0.0050% / 4h	4m 54s	$4.5M	$7.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$38.19
Price spread: +0.113% → 0.000%: $11.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$50.93
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	6.18 bp	27.1 bp −$27	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 −0.0008%	1h	0.04263	+0.037%	$14K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+2.335%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04275	+0.314%	$251K	$128K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04271	+0.223%	$4.0M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04268	+0.153%	$10.8M	$7.8M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04267	+0.129%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04271	+0.223%	$29.3M	$5.3M	200x	as long as short
KuCoin KASUSDTMshort	+0.0100%	4h	0.04266	+0.113%	$4.5M	$7.1M	50x
Bitget KASUSDT	+0.0100%	4h	0.04262	+0.012%	$11.7M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04270	+0.199%	—	$53.7M	—	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	0.04265	+0.092%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]long	L +0.0282% / S −0.1996%	1h	0.04262	long leg	$11K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04291	+0.692%	$359K	$294K	75x	as long as short
Hyperliquid KAS	+0.0545%	1h	0.04273	+0.265%	$2.7M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1063%	1h	0.04267	+0.136%	$304K	$496K	20x	as long as short