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 Bybit+0.018%110s7-day average +0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs−$296as 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−$3023.020% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)+0.470%+$47 · spread now +0.018%, 7d avg +0.133%

Together, before fees+0.529%+ Points / potential airdropGRVT: Active · farm board+$53 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 0.115% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.133%. The two prices were read 110 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	Bybit KAIAUSDT	0.03189	0.0100	pay 0.0050% / 4h	3h 59m	$2.0M	$1.3M	50x
Short	GRVT KAIA_USDT_Perp	0.03190	0.0100	get 0.0050% / 4h	3h 59m	$388K	$482K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. 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 BybitbpFee GRVTbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.133%: −$11.51
Slippage, 4 orders: −$281.96
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$313.47
Costs to cover: 3.020%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; GRVT: live order book, 38 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 Bybit live order book, 2 min ago	4.70 bp	31.2 bp −$31	125.2 bp −$1,252	doesn't fit	doesn't fit
Sell GRVT live order book, 38 min ago	17.22 bp	52.9 bp −$53	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
BloFin KAIA-USDT	+0.0095%	4h	0.03192	+0.094%	$155K	$20K	75x	as long as short
Binance KAIAUSDT	+0.0100%	4h	0.03194	+0.159%	$2.4M	$4.1M	75x	as long as short
Bybit KAIAUSDTlong	+0.0100%	4h	0.03189	long leg	$2.0M	$1.3M	50x
Gate KAIA_USDT	+0.0100%	4h	0.03190	+0.031%	$78K	$63K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03193	+0.125%	$540K	$148K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03191	+0.063%	$310K	$67K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03193	+0.125%	$433K	$383K	75x	as long as short
BingX KAIA-USDT	+0.0100%	4h	0.03192	+0.094%	—	$6.5M	—	as long as short
Variational Omni KAIA	+0.0100%	4h	0.03189	−0.013%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perpshort	+0.0100%	4h	0.03190	+0.018%	$388K	$482K	10x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KAIA-USD	+0.0104%	1h	0.03193	+0.132%	$3K	$102K	5x	as long as short
Kraken Futures PF_KAIAUSD	+0.2023%	1h	0.03201	+0.372%	$45K	$40K	10x	as long as short