Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0183%/8h= −20.0% APRpaid last 24h +0.030%

Price spread now: Variational Omni against GMX−0.002%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 Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX KAS/USD [WBTC.b-USDC]	0.04301	L +0.0283% / S −0.5451%	pay 0.0035% / 1h	22m 13s	$11K	—	100x
Short	Variational Omni KAS	0.04301	0.0100	get 0.0050% / 4h	22m 13s	$23K	$23K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.002%Rate

Funding earned: −$38.33
Price spread: −0.002% → 0.000%: −$0.22
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$50.55
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

GMX and Variational Omni: 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	0.04301	+0.005%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+1.400%	$45	$154K	5.5x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04305	+0.098%	$4.1M	$12.7M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04301	+0.005%	$10.7M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04300	−0.019%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04306	+0.121%	$28.8M	$4.8M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04307	+0.137%	$4.3M	$7.3M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04301	+0.005%	$11.8M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04303	+0.051%	—	$67.7M	—	as long as short
Variational Omni KASshort	+0.0100%	4h	0.04301	−0.002%	$23K	$23K	—

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0106%	4h	0.04306	+0.121%	$253K	$166K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]long	L +0.0283% / S −0.5451%	1h	0.04301	long leg	$11K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04313	+0.284%	$376K	$295K	75x	as long as short
Hyperliquid KAS	+0.0664%	1h	0.04312	+0.251%	$2.8M	$1.1M	3x	as long as short
Kraken Futures PF_KASUSD	+0.1199%	1h	0.04304	+0.080%	$307K	$502K	20x	as long as short