Funding arb · Price arb /

KAIA

all KAIA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h +0.087%

Price spread now: Kraken Futures against BloFin+0.293%57s7-day average — · you sell dearer than you buy

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

Long on BloFin 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 +$4 a day on $10k at the current rate, and Kraken Futures is 0.293% dearer against BloFin than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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	0.03254	0.0113	pay 0.0056% / 4h	3h 53m	$152K	$9K	75x
Short	Kraken Futures PF_KAIAUSD	0.03264	0.0258	get 0.0032% / 1h	53m 36s	$46K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.293%Rate

Funding earned: $30.44
Price spread: +0.293% → 0.000%: $29.26
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $37.7
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	3.06 bp	25.9 bp −$26	72.6 bp −$726	doesn't fit	doesn't fit
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	0.03255	+0.045%	$2.3M	$3.7M	75x	as long as short
Bybit KAIAUSDT	+0.0100%	4h	0.03254	0.000%	$1.9M	$1.5M	50x	as long as short
Gate KAIA_USDT	+0.0100%	4h	0.03257	+0.092%	$83K	$59K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03256	+0.061%	$412K	$124K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03264	+0.307%	$337K	$70K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03259	+0.154%	$477K	$354K	75x	as long as short
BingX KAIA-USDT	+0.0100%	4h	0.03255	+0.031%	—	$6.5M	—	as long as short
Variational Omni KAIA	+0.0100%	4h	0.03266	+0.371%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perp	+0.0100%	4h	0.03265	+0.326%	$389K	$510K	10x	as long as short
Extended KAIA-USD	+0.0104%	1h	0.03256	+0.072%	$972	$97K	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-USDTlong	+0.0113%	4h	0.03254	long leg	$152K	$9K	75x
Kraken Futures PF_KAIAUSDshort	+0.0258%	1h	0.03264	+0.293%	$46K	$14K	10x