Funding you earn now, next payment 04:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.013%
Price spread now: BloFin against Binance+0.213%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$1071.070% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 3 days (all we have)−0.292%−$29 · spread now +0.213%, 7d avg −0.001%
=The price spread pays, funding is against you. BloFin is 0.214% dearer against Binance than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of −0.001%): +$21 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days. At the pace of the last 7 days (−0.004% in total) that is about 12 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KAIAUSDT | 0.03281 | 0.0100 | pay 0.0050% / 4h | 3h 02m | $2.4M | $3.7M | 75x |
| Short | BloFin KAIA-USDT | 0.03288 | 0.0062 | get 0.0031% / 4h | 3h 02m | $156K | $16K | 75x |
Binance KAIAUSDT
BloFin KAIA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.07
- Price spread: +0.213% → −0.001%
- $21.44
- Slippage, 4 orders
- −$84.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$93.59
- Costs to cover
- 1.070%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; BloFin: 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 Binance live order book, 4 min ago | 3.03 bp | 28.3 bp −$28 | 132.3 bp −$1,323 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 54 min ago | 3.06 bp | 25.3 bp −$25 | 69.8 bp −$698 | 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-USDTshort | +0.0062% | 4h | 0.03288 | +0.213% | $156K | $16K | 75x | |
| Binance KAIAUSDTlong | +0.0100% | 4h | 0.03281 | long leg | $2.4M | $3.7M | 75x | |
| Bybit KAIAUSDT | +0.0100% | 4h | 0.03277 | −0.122% | $2.0M | $1.4M | 50x | as long as short |
| Gate KAIA_USDT | +0.0100% | 4h | 0.03282 | +0.030% | $83K | $60K | 50x | as long as short |
| MEXC KAIA_USDT | +0.0100% | 4h | 0.03280 | −0.030% | $435K | $129K | 100x | as long as short |
| KuCoin KAIAUSDTM | +0.0100% | 4h | 0.03287 | +0.183% | $343K | $69K | 30x | as long as short |
| Bitget KAIAUSDT | +0.0100% | 4h | 0.03285 | +0.122% | $495K | $361K | 75x | as long as short |
| BingX KAIA-USDT | +0.0100% | 4h | 0.03281 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni KAIA | +0.0100% | 4h | 0.03296 | +0.454% | $3K | $202 | — | as long as short |
| GRVT KAIA_USDT_Perp | +0.0100% | 4h | 0.03302 | +0.626% | $394K | $499K | 10x | as long as short |
Bybit KAIAUSDT
Gate KAIA_USDT
MEXC KAIA_USDT
KuCoin KAIAUSDTM
Bitget KAIAUSDT
BingX KAIA-USDT
Variational Omni KAIA
GRVT KAIA_USDT_PerpShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KAIA-USD | +0.0104% | 1h | 0.03279 | −0.074% | $2K | $101K | 5x | as long as short |
| Kraken Futures PF_KAIAUSD | +0.0256% | 1h | 0.03290 | +0.267% | $46K | $14K | 10x | as long as short |
Extended KAIA-USD
Kraken Futures PF_KAIAUSD