Funding arb · Price arb /

KAIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.073%

Price spread now: Variational Omni against Kraken Futures−0.510%58s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.510% cheaper against Kraken Futures than usual: you would sell low and buy high (−$51 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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	Kraken Futures PF_KAIAUSD	0.03284	0.0256	pay 0.0032% / 1h	38m 25s	$46K	$14K	10x
Short	Variational Omni KAIA	0.03267	0.0100	get 0.0050% / 4h	3h 38m	$3K	$202	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. 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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.510%Rate

Funding earned: −$32.78
Price spread: −0.510% → 0.000%: −$50.96
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$93.74
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and 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
Binance KAIAUSDT	+0.0100%	4h	0.03276	−0.235%	$2.3M	$3.7M	75x	as long as short
Bybit KAIAUSDT	+0.0100%	4h	0.03273	−0.327%	$2.0M	$1.5M	50x	as long as short
Gate KAIA_USDT	+0.0100%	4h	0.03277	−0.205%	$83K	$60K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03276	−0.235%	$414K	$125K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03280	−0.114%	$342K	$70K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03276	−0.235%	$481K	$356K	75x	as long as short
BingX KAIA-USDT	+0.0100%	4h	0.03274	−0.296%	—	$6.5M	—	as long as short
Variational Omni KAIAshort	+0.0100%	4h	0.03267	−0.510%	$3K	$202	—
GRVT KAIA_USDT_Perp	+0.0100%	4h	0.03272	−0.371%	$394K	$499K	10x	as long as short
Extended KAIA-USD	+0.0104%	1h	0.03275	−0.259%	$5K	$101K	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	+0.0117%	4h	0.03275	−0.266%	$154K	$11K	75x	as long as short
Kraken Futures PF_KAIAUSDlong	+0.0256%	1h	0.03284	long leg	$46K	$14K	10x