Funding arb · Price arb /

KAS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.5748%/8h= +629.5% APRpaid last 24h +0.120%

Price spread now: GMX against Variational Omni+0.046%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$172 a day on $10k at the current rate, and GMX is 0.046% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni KAS	0.04418	0.0100	pay 0.0050% / 4h	2h 22m	$26K	$20K	—
Short	GMX KAS/USD [WBTC.b-USDC]	0.04420	L +0.0293% / S −0.5848%	get 0.0731% / 1h	22m 12s	$12K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $1,207.17
Price spread: +0.046% → 0.000%: $4.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,199.76
Costs to cover: 0.120%
Break-even: 0.0 days

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

Variational Omni and 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 14 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 0.0000%	1h	0.04420	+0.048%	$3K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	−1.285%	$45	$154K	5.5x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04423	+0.116%	$4.2M	$12.1M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04418	+0.005%	$11.0M	$7.4M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04417	−0.017%	$2.2M	$1.7M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04425	+0.164%	$29.2M	$4.6M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04429	+0.254%	$4.3M	$7.0M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04422	+0.096%	$12.2M	$3.0M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04423	+0.118%	—	$67.9M	—	as long as short
Variational Omni KASlong	+0.0100%	4h	0.04418	long leg	$26K	$20K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KASUSDT	+0.0110%	4h	0.04422	+0.087%	$260K	$168K	20x	as long as short
GMX KAS/USD [WBTC.b-USDC]short	L +0.0293% / S −0.5848%	1h	0.04420	+0.046%	$12K	—	100x
Hyperliquid KAS	+0.0441%	1h	0.04429	+0.250%	$2.9M	$1.0M	3x	as long as short
Kraken Futures PF_KASUSD	+0.0721%	1h	0.04425	+0.168%	$313K	$479K	20x	as long as short