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: Variational Omni against GRVT−0.454%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on Variational Omni

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—+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.454% cheaper against GRVT than usual: you would sell low and buy high, −$45 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT KAIA_USDT_Perp	0.03193	0.0100	pay 0.0050% / 4h	2h 38m	$380K	$501K	10x
Short	Variational Omni KAIA	0.03179	0.0100	get 0.0050% / 4h	2h 38m	$3K	$202	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.454%Rate

Funding earned: $0
Price spread: −0.454% → 0.000%: −$45.39
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$54.39
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 9 min ago; Variational Omni: 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 GRVT live order book, 9 min ago	15.55 bp	151.0 bp −$151	14981.7 bp −$149.8K	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
BloFin KAIA-USDT	+0.0057%	4h	0.03179	−0.438%	$154K	$20K	75x	as long as short
Binance KAIAUSDT	+0.0100%	4h	0.03181	−0.381%	$2.4M	$4.1M	75x	as long as short
Bybit KAIAUSDT	+0.0100%	4h	0.03173	−0.626%	$1.9M	$1.4M	50x	as long as short
Gate KAIA_USDT	+0.0100%	4h	0.03182	−0.345%	$80K	$74K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03179	−0.438%	$512K	$146K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03174	−0.595%	$314K	$68K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03181	−0.376%	$446K	$414K	75x	as long as short
BingX KAIA-USDT	+0.0100%	4h	0.03180	−0.407%	—	$6.5M	—	as long as short
Variational Omni KAIAshort	+0.0100%	4h	0.03179	−0.454%	$3K	$202	—
GRVT KAIA_USDT_Perplong	+0.0100%	4h	0.03193	long leg	$380K	$501K	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	0.03179	−0.433%	$6K	$98K	5x	as long as short
Kraken Futures PF_KAIAUSD	+0.1547%	1h	0.03186	−0.222%	$45K	$39K	10x	as long as short