Funding you earn now, next payment 16:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.23 per $10,000 · paid last 24h +0.004%
Price spread now: BingX against BloFin+0.094%81s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as 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−$1051.048% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.094%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.104% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.010%. The two prices were read 81 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 | BloFin KAIA-USDT | 0.03186 | 0.0055 | pay 0.0027% / 4h | 3h 25m | $151K | $18K | 75x |
| Short | BingX KAIA-USDT | 0.03189 | 0.0100 | get 0.0050% / 4h | 3h 25m | — | $6.5M | — |
BloFin KAIA-USDT
BingX KAIA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- $9.47
- Price spread: +0.094% → −0.010%
- $10.41
- Slippage, 4 orders
- −$82.78
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$84.91
- Costs to cover
- 1.048%
- Break-even
- 69.8 days
Slippage from BloFin: live order book, 59 min ago; BingX: live order book, 8 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 BloFin live order book, 59 min ago | 7.89 bp | 20.2 bp −$20 | 57.4 bp −$574 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 12.62 bp | 29.7 bp −$30 | 81.5 bp −$815 | 539.1 bp −$53.9K | 964.9 bp −$482.5K |
KAIA on 12 exchanges
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-USDTlong | +0.0055% | 4h | 0.03186 | long leg | $151K | $18K | 75x | |
| Kraken Futures PF_KAIAUSD | +0.0066% | 1h | 0.03191 | +0.163% | $32K | $42K | 10x | as long as short |
| Binance KAIAUSDT | +0.0100% | 4h | 0.03186 | −0.009% | $2.4M | $3.4M | 75x | as long as short |
| Bybit KAIAUSDT | +0.0100% | 4h | 0.03184 | −0.063% | $2.0M | $1.1M | 50x | as long as short |
| Gate KAIA_USDT | +0.0100% | 4h | 0.03185 | −0.031% | $75K | $61K | 50x | as long as short |
| MEXC KAIA_USDT | +0.0100% | 4h | 0.03186 | 0.000% | $523K | $160K | 100x | as long as short |
| KuCoin KAIAUSDTM | +0.0100% | 4h | 0.03192 | +0.188% | $308K | $34K | 30x | as long as short |
| Bitget KAIAUSDT | +0.0100% | 4h | 0.03186 | 0.000% | $430K | $344K | 75x | as long as short |
| BingX KAIA-USDTshort | +0.0100% | 4h | 0.03189 | +0.094% | — | $6.5M | — | |
| Variational Omni KAIA | +0.0100% | 4h | 0.03166 | −0.633% | $3K | $1 | — | as long as short |
Kraken Futures PF_KAIAUSD
Binance KAIAUSDT
Bybit KAIAUSDT
Gate KAIA_USDT
MEXC KAIA_USDT
KuCoin KAIAUSDTM
Bitget KAIAUSDT
Variational Omni KAIAShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT KAIA_USDT_Perp | +0.0100% | 4h | 0.03171 | −0.485% | $379K | $439K | 10x | as long as short |
| Extended KAIA-USD | +0.0104% | 1h | 0.03188 | +0.066% | $1K | $132K | 5x | as long as short |
GRVT KAIA_USDT_Perp
Extended KAIA-USD