Funding arb · Price arb /

KAS

all KAS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.5748%/8h= +629.5% APRpaid last 24h +0.191%

Price spread now: GMX against MEXC−0.085%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

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

Funding pays, the price is against you. GMX is 0.085% cheaper against MEXC than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 1 hour of funding at the current rate (+$172 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KAS_USDT	0.04359	0.0100	pay 0.0050% / 4h	1h 30m	$29.0M	$4.7M	200x
Short	GMX KAS/USD [WBTC.b-USDC]	0.04355	L +0.0291% / S −0.5848%	get 0.0731% / 1h	30m 39s	$12K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $1,207.17
Price spread: −0.085% → 0.000%: −$8.49
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,186.68
Costs to cover: 0.120%
Break-even: 0.1 days

Slippage unknown: MEXC: live order book, 3 min ago; GMX: 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 MEXC live order book, 3 min ago	1.15 bp	10.6 bp −$11	59.5 bp −$595	92.7 bp −$9,274	113.0 bp −$56.5K
Sell GMX no order-book sample	—	—	—	—	—

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	0.04355	−0.098%	$4K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+0.046%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04358	−0.033%	$256K	$167K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04359	0.000%	$4.2M	$12.4M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04355	−0.092%	$10.8M	$7.6M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04357	−0.046%	$2.2M	$1.8M	75x	as long as short
MEXC KAS_USDTlong	+0.0100%	4h	0.04359	long leg	$29.0M	$4.7M	200x
KuCoin KASUSDTM	+0.0100%	4h	0.04361	+0.039%	$4.2M	$7.1M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04355	−0.092%	$12.0M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04356	−0.069%	—	$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	−0.089%	$26K	$20K	—	as long as short
Kraken Futures PF_KASUSD	+0.0114%	1h	0.04360	+0.013%	$309K	$495K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0291% / S −0.5848%	1h	0.04355	−0.085%	$12K	—	100x
BloFin KAS-USDT	+0.0340%	4h	0.04357	−0.046%	$385K	$280K	75x	as long as short
Hyperliquid KAS	+0.0344%	1h	0.04366	+0.156%	$2.8M	$1.1M	3x	as long as short