Funding arb · Price arb /

KAIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.073%

Price spread now: Kraken Futures against BingX+0.297%53s7-day average — · you sell dearer than you buy

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

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.297% dearer against BingX than usual: you sell high and buy low: +$30 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KAIA-USDT	0.03274	0.0100	pay 0.0050% / 4h	3h 38m	—	$6.5M	—
Short	Kraken Futures PF_KAIAUSD	0.03284	0.0256	get 0.0032% / 1h	38m 27s	$46K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.297%Rate

Funding earned: $32.78
Price spread: +0.297% → 0.000%: $29.71
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $42.49
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BingX: live order book, 8 min ago; Kraken Futures: 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 BingX live order book, 8 min ago	10.71 bp	30.7 bp −$31	99.5 bp −$995	617.7 bp −$61.8K	981.2 bp −$490.6K
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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.

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
Binance KAIAUSDT	+0.0100%	4h	0.03276	+0.061%	$2.3M	$3.7M	75x	as long as short
Bybit KAIAUSDT	+0.0100%	4h	0.03273	−0.031%	$2.0M	$1.5M	50x	as long as short
Gate KAIA_USDT	+0.0100%	4h	0.03277	+0.092%	$83K	$60K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03276	+0.061%	$414K	$125K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03280	+0.183%	$342K	$70K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03276	+0.061%	$481K	$356K	75x	as long as short
BingX KAIA-USDTlong	+0.0100%	4h	0.03274	long leg	—	$6.5M	—
Variational Omni KAIA	+0.0100%	4h	0.03267	−0.214%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perp	+0.0100%	4h	0.03272	−0.075%	$394K	$499K	10x	as long as short
Extended KAIA-USD	+0.0104%	1h	0.03275	+0.037%	$5K	$101K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KAIA-USDT	+0.0117%	4h	0.03275	+0.031%	$154K	$11K	75x	as long as short
Kraken Futures PF_KAIAUSDshort	+0.0256%	1h	0.03284	+0.297%	$46K	$14K	10x