Funding arb · Price arb /

KAIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Binance against GRVT+0.166%69s7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$191as 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−$1931.931% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.270%−$27 · spread now +0.166%, 7d avg −0.051%

Together, before fees−0.251%+ Points / potential airdropGRVT: Active · farm board−$25 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: Binance is 0.217% dearer against GRVT than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.051%. The two prices were read 69 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	GRVT KAIA_USDT_Perp	0.03272	0.0100	pay 0.0050% / 4h	3h 40m	$394K	$499K	10x
Short	Binance KAIAUSDT	0.03277	0.0100	get 0.0050% / 4h	3h 40m	$2.3M	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now +0.166%Rate

Funding earned: $0
Price spread: +0.166% → −0.051%: $21.75
Slippage, 4 orders: −$174.11
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$171.36
Costs to cover: 1.931%
Break-even: never at this rate

Slippage from GRVT: live order book, 32 min ago; Binance: live order book, 11 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 GRVT live order book, 32 min ago	19.91 bp	90.5 bp −$90	1877.6 bp −$18.8K	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	3.07 bp	28.5 bp −$28	89.9 bp −$899	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	+0.0044%	4h	0.03273	+0.044%	$154K	$11K	75x	as long as short
Binance KAIAUSDTshort	+0.0100%	4h	0.03277	+0.166%	$2.3M	$3.7M	75x
Bybit KAIAUSDT	+0.0100%	4h	0.03278	+0.197%	$2.0M	$1.5M	50x	as long as short
Gate KAIA_USDT	+0.0100%	4h	0.03277	+0.166%	$83K	$60K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03277	+0.166%	$414K	$125K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03281	+0.289%	$342K	$70K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03280	+0.258%	$482K	$356K	75x	as long as short
BingX KAIA-USDT	+0.0100%	4h	0.03277	+0.166%	—	$6.5M	—	as long as short
Variational Omni KAIA	+0.0100%	4h	0.03267	−0.140%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perplong	+0.0100%	4h	0.03272	long leg	$394K	$499K	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	0.03276	+0.151%	$5K	$101K	5x	as long as short
Kraken Futures PF_KAIAUSD	+0.0256%	1h	0.03287	+0.481%	$46K	$14K	10x	as long as short