Funding arb · Price arb /

KAIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.021%

Price spread now: Extended against GRVT+0.181%52s7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$237as 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−$2402.395% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)−0.289%−$29 · spread now +0.181%, 7d avg −0.078%

Together, before fees−0.263%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$26 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: Extended is 0.260% dearer against GRVT than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.078%. The two prices were read 52 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	0.03262	0.0100	pay 0.0050% / 4h	2h 48m	$393K	$502K	10x
Short	Extended KAIA-USD	0.03268	0.0104	get 0.0013% / 1h	48m 38s	$2K	$101K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.181%Rate

Funding earned: $0.84
Price spread: +0.181% → −0.078%: $25.98
Slippage, 4 orders: −$225.51
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$212.69
Costs to cover: 2.395%
Break-even: 1779.4 days

Slippage from GRVT: live order book, 19 min ago; Extended: live order book, 17 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, 19 min ago	24.14 bp	48.5 bp −$48	4035.4 bp −$40.4K	doesn't fit	doesn't fit
Sell Extended live order book, 17 min ago	6.07 bp	54.8 bp −$55	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
Binance KAIAUSDT	+0.0100%	4h	0.03269	+0.206%	$2.4M	$3.8M	75x	as long as short
Bybit KAIAUSDT	+0.0100%	4h	0.03267	+0.156%	$1.9M	$1.5M	50x	as long as short
Gate KAIA_USDT	+0.0100%	4h	0.03272	+0.310%	$84K	$60K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03269	+0.218%	$452K	$129K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03273	+0.340%	$342K	$70K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03272	+0.310%	$496K	$373K	75x	as long as short
BingX KAIA-USDT	+0.0100%	4h	0.03269	+0.218%	—	$6.5M	—	as long as short
Variational Omni KAIA	+0.0100%	4h	0.03255	−0.196%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perplong	+0.0100%	4h	0.03262	long leg	$393K	$502K	10x
Extended KAIA-USDshort	+0.0104%	1h	0.03268	+0.181%	$2K	$101K	5x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KAIA-USDT	+0.0151%	4h	0.03271	+0.279%	$157K	$16K	75x	as long as short
Kraken Futures PF_KAIAUSD	+0.0723%	1h	0.03273	+0.353%	$46K	$26K	10x	as long as short