Funding you earn now, next payment 00:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.011%
Price spread now: BloFin against Bitget−0.276%105s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$910.906% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 3 days (all we have)+0.176%+$18 · spread now −0.276%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.254% cheaper against Bitget than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.022%). Swap the legs. The two prices were read 105 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 | Bitget KAIAUSDT | 0.03260 | 0.0100 | pay 0.0050% / 4h | 1h 21m | $475K | $335K | 75x |
| Short | BloFin KAIA-USDT | 0.03251 | 0.0058 | get 0.0029% / 4h | 1h 21m | $154K | $9K | 75x |
Bitget KAIAUSDT
BloFin KAIA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$8.79
- Price spread: −0.276% → −0.022%
- −$25.38
- Slippage, 4 orders
- −$66.59
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$124.76
- Costs to cover
- 0.906%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 54 min ago; BloFin: live order book, 52 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 Bitget live order book, 54 min ago | 7.68 bp | 26.6 bp −$27 | 128.8 bp −$1,288 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 52 min ago | 3.08 bp | 14.2 bp −$14 | 50.2 bp −$502 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_KAIAUSD | −0.0929% | 1h | 0.03265 | +0.141% | $46K | $14K | 10x | as long as short |
| BloFin KAIA-USDTshort | +0.0058% | 4h | 0.03251 | −0.276% | $154K | $9K | 75x | |
| Binance KAIAUSDT | +0.0100% | 4h | 0.03259 | −0.028% | $2.3M | $3.5M | 75x | as long as short |
| Bybit KAIAUSDT | +0.0100% | 4h | 0.03256 | −0.123% | $2.0M | $1.5M | 50x | as long as short |
| Gate KAIA_USDT | +0.0100% | 4h | 0.03256 | −0.123% | $79K | $56K | 50x | as long as short |
| MEXC KAIA_USDT | +0.0100% | 4h | 0.03259 | −0.031% | $412K | $126K | 100x | as long as short |
| KuCoin KAIAUSDTM | +0.0100% | 4h | 0.03260 | 0.000% | $336K | $73K | 30x | as long as short |
| Bitget KAIAUSDTlong | +0.0100% | 4h | 0.03260 | long leg | $475K | $335K | 75x | |
| BingX KAIA-USDT | +0.0100% | 4h | 0.03258 | −0.061% | — | $6.5M | — | as long as short |
| Variational Omni KAIA | +0.0100% | 4h | 0.03249 | −0.350% | $3K | $202 | — | as long as short |
Kraken Futures PF_KAIAUSD
Binance KAIAUSDT
Bybit KAIAUSDT
Gate KAIA_USDT
MEXC KAIA_USDT
KuCoin KAIAUSDTM
BingX KAIA-USDT
Variational Omni KAIAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT KAIA_USDT_Perp | +0.0100% | 4h | 0.03253 | −0.222% | $386K | $497K | 10x | as long as short |
| Extended KAIA-USD | +0.0104% | 1h | 0.03259 | −0.025% | $967 | $100K | 5x | as long as short |
GRVT KAIA_USDT_Perp
Extended KAIA-USD