Funding arb · Price arb /

KAIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Bitget+0.102%93s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as 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−$1761.758% of the position

Long on Bitget Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.102%, 7d avg +0.025%

Together, before fees+0.078%+ Points / potential airdropGRVT: Active · farm board+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.078% dearer against Bitget than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.025%. The two prices were read 93 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	0.03254	0.0100	pay 0.0050% / 4h	3h 31m	$469K	$400K	75x
Short	GRVT KAIA_USDT_Perp	0.03257	0.0100	get 0.0050% / 4h	3h 31m	$397K	$505K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bitget. 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 BitgetbpFee GRVTbpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → +0.025%: $7.79
Slippage, 4 orders: −$154.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$168
Costs to cover: 1.758%
Break-even: never at this rate

Slippage from Bitget: live order book, 14 min ago; GRVT: live order book, 21 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, 14 min ago	6.14 bp	35.2 bp −$35	178.9 bp −$1,789	doesn't fit	doesn't fit
Sell GRVT live order book, 21 min ago	18.38 bp	50.8 bp −$51	doesn't fit	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
Binance KAIAUSDT	+0.0100%	4h	0.03250	−0.124%	$2.4M	$4.1M	75x	as long as short
Bybit KAIAUSDT	+0.0100%	4h	0.03248	−0.184%	$1.9M	$1.4M	50x	as long as short
Gate KAIA_USDT	+0.0100%	4h	0.03251	−0.092%	$81K	$74K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03251	−0.092%	$524K	$146K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03249	−0.154%	$330K	$69K	30x	as long as short
Bitget KAIAUSDTlong	+0.0100%	4h	0.03254	long leg	$469K	$400K	75x
BingX KAIA-USDT	+0.0100%	4h	0.03249	−0.154%	—	$6.5M	—	as long as short
Variational Omni KAIA	+0.0100%	4h	0.03246	−0.233%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perpshort	+0.0100%	4h	0.03257	+0.102%	$397K	$505K	10x
Extended KAIA-USD	+0.0104%	1h	0.03251	−0.095%	$5K	$98K	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	+0.0138%	4h	0.03256	+0.061%	$156K	$21K	75x	as long as short
Kraken Futures PF_KAIAUSD	+0.1616%	1h	0.03257	+0.094%	$46K	$39K	10x	as long as short