Funding arb · Price arb /

KAIA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: GRVT against MEXC+0.324%112s7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as 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−$1521.516% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.186%−$19 · spread now +0.324%, 7d avg +0.053%

Together, before fees−0.182%+ Points / potential airdropGRVT: Active · farm board−$18 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: GRVT is 0.271% dearer against MEXC than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.053%. The two prices were read 112 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	MEXC KAIA_USDT	0.03260	0.0100	pay 0.0050% / 4h	23m 35s	$412K	$126K	100x
Short	GRVT KAIA_USDT_Perp	0.03271	0.0100	get 0.0050% / 4h	23m 35s	$392K	$502K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against MEXC. 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 MEXCbpFee GRVTbpOrdersPrice spread, now +0.324%Rate

Funding earned: $0
Price spread: +0.324% → +0.053%: $27.11
Slippage, 4 orders: −$138.6
Fee MEXC: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$124.49
Costs to cover: 1.516%
Break-even: never at this rate

Slippage from MEXC: live order book, 37 min ago; GRVT: live order book, 54 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 MEXC live order book, 37 min ago	3.05 bp	12.0 bp −$12	80.4 bp −$804	243.6 bp −$24.4K	doesn't fit
Sell GRVT live order book, 54 min ago	16.91 bp	57.0 bp −$57	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
BloFin KAIA-USDT	+0.0063%	4h	0.03264	+0.123%	$155K	$9K	75x	as long as short
Binance KAIAUSDT	+0.0100%	4h	0.03255	−0.151%	$2.3M	$3.5M	75x	as long as short
Bybit KAIAUSDT	+0.0100%	4h	0.03255	−0.153%	$2.0M	$1.5M	50x	as long as short
Gate KAIA_USDT	+0.0100%	4h	0.03263	+0.092%	$80K	$57K	50x	as long as short
MEXC KAIA_USDTlong	+0.0100%	4h	0.03260	long leg	$412K	$126K	100x
KuCoin KAIAUSDTM	+0.0100%	4h	0.03271	+0.337%	$337K	$72K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03262	+0.061%	$480K	$352K	75x	as long as short
BingX KAIA-USDT	+0.0100%	4h	0.03257	−0.092%	—	$6.5M	—	as long as short
Variational Omni KAIA	+0.0100%	4h	0.03264	+0.127%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perpshort	+0.0100%	4h	0.03271	+0.324%	$392K	$502K	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	0.03257	−0.088%	$972	$100K	5x	as long as short
Kraken Futures PF_KAIAUSD	+0.0283%	1h	0.03274	+0.416%	$46K	$14K	10x	as long as short