Funding arb · Price arb /

KAIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0779%/8h= +85.3% APRpaid last 24h +0.120%

Price spread now: Kraken Futures against Variational Omni+0.322%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

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 for this trade now. Funding pays +$23 a day on $10k at the current rate, and Kraken Futures is 0.322% dearer against Variational Omni than usual: you sell high and buy low: +$32 more if the spread 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	Variational Omni KAIA	0.03210	0.0100	pay 0.0050% / 4h	1h 37m	$3K	$202	—
Short	Kraken Futures PF_KAIAUSD	0.03221	0.0879	get 0.0110% / 1h	37m 25s	$45K	$39K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.322%Rate

Funding earned: $163.64
Price spread: +0.322% → 0.000%: $32.15
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $185.79
Costs to cover: 0.100%
Break-even: from the start

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

Variational Omni and Kraken Futures: 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	+0.0080%	4h	0.03209	−0.043%	$153K	$20K	75x	as long as short
Binance KAIAUSDT	+0.0100%	4h	0.03213	+0.070%	$2.3M	$4.0M	75x	as long as short
Bybit KAIAUSDT	+0.0100%	4h	0.03213	+0.082%	$1.9M	$1.4M	50x	as long as short
Gate KAIA_USDT	+0.0100%	4h	0.03211	+0.019%	$83K	$66K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03211	+0.019%	$516K	$144K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03214	+0.113%	$330K	$71K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03215	+0.144%	$465K	$407K	75x	as long as short
BingX KAIA-USDT	+0.0100%	4h	0.03212	+0.051%	—	$6.5M	—	as long as short
Variational Omni KAIAlong	+0.0100%	4h	0.03210	long leg	$3K	$202	—
GRVT KAIA_USDT_Perp	+0.0100%	4h	0.03213	+0.081%	$389K	$511K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KAIA-USD	+0.0104%	1h	0.03210	−0.026%	$2K	$99K	5x	as long as short
Kraken Futures PF_KAIAUSDshort	+0.0879%	1h	0.03221	+0.322%	$45K	$39K	10x