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: Bitget against GRVT−0.102%73s7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as 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−$1761.758% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.102%, 7d avg −0.025%

Together, before fees−0.079%+ Points / potential airdropGRVT: Active · farm board−$8 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: Bitget is 0.078% cheaper against GRVT than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.025%. The two prices were read 73 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	0.03257	0.0100	pay 0.0050% / 4h	3h 32m	$397K	$505K	10x
Short	Bitget KAIAUSDT	0.03254	0.0100	get 0.0050% / 4h	3h 32m	$469K	$400K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.025%: −$7.77
Slippage, 4 orders: −$154.79
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$183.56
Costs to cover: 1.758%
Break-even: never at this rate

Slippage from GRVT: live order book, 21 min ago; Bitget: live order book, 14 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, 21 min ago	18.38 bp	67.6 bp −$68	2856.2 bp −$28.6K	doesn't fit	doesn't fit
Sell Bitget live order book, 14 min ago	6.14 bp	22.2 bp −$22	99.2 bp −$992	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	0.03250	−0.222%	$2.4M	$4.1M	75x	as long as short
Bybit KAIAUSDT	+0.0100%	4h	0.03251	−0.194%	$1.9M	$1.4M	50x	as long as short
Gate KAIA_USDT	+0.0100%	4h	0.03251	−0.194%	$81K	$74K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03251	−0.194%	$524K	$146K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03249	−0.256%	$330K	$69K	30x	as long as short
Bitget KAIAUSDTshort	+0.0100%	4h	0.03254	−0.102%	$469K	$400K	75x
BingX KAIA-USDT	+0.0100%	4h	0.03249	−0.256%	—	$6.5M	—	as long as short
Variational Omni KAIA	+0.0100%	4h	0.03246	−0.335%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perplong	+0.0100%	4h	0.03257	long leg	$397K	$505K	10x
Extended KAIA-USD	+0.0104%	1h	0.03251	−0.197%	$5K	$98K	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-USDT	+0.0138%	4h	0.03256	−0.041%	$156K	$21K	75x	as long as short
Kraken Futures PF_KAIAUSD	+0.1616%	1h	0.03257	−0.008%	$46K	$39K	10x	as long as short