Funding you earn now, next payment 04:00 UTC−0.0029%/8h= −3.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.013%
Price spread now: BloFin against BingX−0.154%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1051.046% of the position
Funding, last 7 days−0.005%−$1 on $10k
+Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.154%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.180% cheaper against BingX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KAIA-USDT | 0.03241 | 0.0100 | pay 0.0050% / 4h | 1h 13m | — | $6.5M | — |
| Short | BloFin KAIA-USDT | 0.03236 | 0.0071 | get 0.0036% / 4h | 1h 13m | $112K | $20K | 75x |
BingX KAIA-USDT
BloFin KAIA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.03
- Price spread: −0.154% → +0.026%
- −$18.01
- Slippage, 4 orders
- −$82.59
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$128.63
- Costs to cover
- 1.046%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 24 min ago.
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 BingX live order book, 3 min ago | 10.80 bp | 32.6 bp −$33 | 113.9 bp −$1,139 | 561.9 bp −$56.2K | 875.1 bp −$437.6K |
| Sell BloFin live order book, 24 min ago | 7.78 bp | 29.6 bp −$30 | 77.8 bp −$778 | doesn't fit | doesn't fit |
KAIA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin KAIA-USDTshort | +0.0071% | 4h | 0.03236 | −0.154% | $112K | $20K | 75x | |
| Binance KAIAUSDT | +0.0100% | 4h | 0.03241 | −0.008% | $2.4M | $4.0M | 75x | as long as short |
| Bybit KAIAUSDT | +0.0100% | 4h | 0.03238 | −0.093% | $1.9M | $1.4M | 50x | as long as short |
| Gate KAIA_USDT | +0.0100% | 4h | 0.03240 | −0.031% | $84K | $67K | 50x | as long as short |
| MEXC KAIA_USDT | +0.0100% | 4h | 0.03240 | −0.031% | $520K | $145K | 100x | as long as short |
| KuCoin KAIAUSDTM | +0.0100% | 4h | 0.03242 | +0.031% | $333K | $71K | 30x | as long as short |
| Bitget KAIAUSDT | +0.0100% | 4h | 0.03242 | +0.031% | $464K | $409K | 75x | as long as short |
| BingX KAIA-USDTlong | +0.0100% | 4h | 0.03241 | long leg | — | $6.5M | — | |
| Variational Omni KAIA | +0.0100% | 4h | 0.03239 | −0.050% | $3K | $202 | — | as long as short |
| GRVT KAIA_USDT_Perp | +0.0100% | 4h | 0.03239 | −0.062% | $392K | $511K | 10x | as long as short |
Binance KAIAUSDT
Bybit KAIAUSDT
Gate KAIA_USDT
MEXC KAIA_USDT
KuCoin KAIAUSDTM
Bitget KAIAUSDT
Variational Omni KAIA
GRVT KAIA_USDT_PerpShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KAIA-USD | +0.0104% | 1h | 0.03241 | +0.001% | $2K | $99K | 5x | as long as short |
| Kraken Futures PF_KAIAUSD | +0.0871% | 1h | 0.03250 | +0.277% | $46K | $39K | 10x | as long as short |
Extended KAIA-USD
Kraken Futures PF_KAIAUSD