Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h +0.038%

Price spread now: MEXC against GMX+0.074%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 MEXC

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. MEXC is 0.074% dearer against GMX than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX KAS/USD [WBTC.b-USDC]	0.04352	L +0.0291% / S −0.5848%	pay 0.0036% / 1h	30m 06s	$12K	—	100x
Short	MEXC KAS_USDT	0.04355	0.0100	get 0.0050% / 4h	1h 30m	$29.0M	$4.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$40.1
Price spread: +0.074% → 0.000%: $7.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$44.74
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	1.15 bp	11.3 bp −$11	63.6 bp −$636	95.1 bp −$9,506	116.2 bp −$58.1K

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 −0.0001%	1h	0.04349	−0.064%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.211%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04356	+0.087%	$256K	$167K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04355	+0.074%	$4.2M	$12.4M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04353	+0.028%	$10.8M	$7.6M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04352	+0.005%	$2.2M	$1.8M	75x	as long as short
MEXC KAS_USDTshort	+0.0100%	4h	0.04355	+0.074%	$29.0M	$4.7M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04356	+0.101%	$4.2M	$7.1M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04345	−0.156%	$11.9M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04345	−0.156%	—	$67.9M	—	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	0.04355	+0.076%	$26K	$20K	—	as long as short
Kraken Futures PF_KASUSD	+0.0114%	1h	0.04354	+0.055%	$309K	$495K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]long	L +0.0291% / S −0.5848%	1h	0.04352	long leg	$12K	—	100x
Hyperliquid KAS	+0.0336%	1h	0.04360	+0.200%	$2.8M	$1.1M	3x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04357	+0.119%	$385K	$280K	75x	as long as short