Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.009%
Price spread now: Bybit against BloFin−0.188%92s7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as 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−$1111.109% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.188%, 7d avg −0.068%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.119% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.068%). Swap the legs. The two prices were read 92 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 | 0.03199 | 0.0137 | pay 0.0068% / 4h | 2h 17m | $154K | $21K | 75x |
| Short | Bybit KAIAUSDT | 0.03193 | 0.0100 | get 0.0050% / 4h | 2h 17m | $1.9M | $1.4M | 50x |
BloFin KAIA-USDT
Bybit KAIAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$7.73
- Price spread: −0.188% → −0.068%
- −$11.93
- Slippage, 4 orders
- −$87.88
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$130.54
- Costs to cover
- 1.109%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 62 min ago; Bybit: live order book, 4 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, 62 min ago | 9.28 bp | 29.5 bp −$30 | 91.5 bp −$915 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 6.28 bp | 31.4 bp −$31 | 105.6 bp −$1,056 | 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 | 0.03194 | −0.156% | $2.4M | $4.2M | 75x | as long as short |
| Bybit KAIAUSDTshort | +0.0100% | 4h | 0.03193 | −0.188% | $1.9M | $1.4M | 50x | |
| Gate KAIA_USDT | +0.0100% | 4h | 0.03194 | −0.156% | $80K | $76K | 50x | as long as short |
| MEXC KAIA_USDT | +0.0100% | 4h | 0.03196 | −0.094% | $538K | $150K | 100x | as long as short |
| KuCoin KAIAUSDTM | +0.0100% | 4h | 0.03189 | −0.313% | $312K | $69K | 30x | as long as short |
| Bitget KAIAUSDT | +0.0100% | 4h | 0.03197 | −0.063% | $435K | $419K | 75x | as long as short |
| BingX KAIA-USDT | +0.0100% | 4h | 0.03193 | −0.188% | — | $6.5M | — | as long as short |
| Variational Omni KAIA | +0.0100% | 4h | 0.03182 | −0.518% | $3K | $202 | — | as long as short |
| GRVT KAIA_USDT_Perp | +0.0100% | 4h | 0.03184 | −0.469% | $383K | $510K | 10x | as long as short |
| Extended KAIA-USD | +0.0104% | 1h | 0.03196 | −0.090% | $6K | $98K | 5x | as long as short |
Binance KAIAUSDT
Gate KAIA_USDT
MEXC KAIA_USDT
KuCoin KAIAUSDTM
Bitget KAIAUSDT
BingX KAIA-USDT
Variational Omni KAIA
GRVT KAIA_USDT_Perp
Extended KAIA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin KAIA-USDTlong | +0.0137% | 4h | 0.03199 | long leg | $154K | $21K | 75x | |
| Kraken Futures PF_KAIAUSD | +0.1538% | 1h | 0.03203 | +0.135% | $45K | $40K | 10x | as long as short |
Kraken Futures PF_KAIAUSD