Funding arb · Price arb /

KAIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h +0.013%

Price spread now: Extended against BloFin−0.080%74s7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as 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−$1351.353% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 3 days (all we have)+0.169%+$17 · spread now −0.080%, 7d avg −0.026%

Together, before fees+0.191%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.054% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.026%). Swap the legs. The two prices were read 74 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	BloFin KAIA-USDT	0.03277	0.0129	pay 0.0065% / 4h	39m 47s	$154K	$9K	75x
Short	Extended KAIA-USD	0.03274	0.0104	get 0.0013% / 1h	39m 47s	$977	$100K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$5.3
Price spread: −0.080% → −0.026%: −$5.43
Slippage, 4 orders: −$118.33
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$146.06
Costs to cover: 1.353%
Break-even: never at this rate

Slippage from BloFin: live order book, 22 min ago; Extended: live order book, 35 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 BloFin live order book, 22 min ago	9.17 bp	23.3 bp −$23	67.2 bp −$672	doesn't fit	doesn't fit
Sell Extended live order book, 35 min ago	5.69 bp	55.3 bp −$55	367.7 bp −$3,677	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
Binance KAIAUSDT	+0.0100%	4h	0.03275	−0.061%	$2.3M	$3.5M	75x	as long as short
Bybit KAIAUSDT	+0.0100%	4h	0.03274	−0.092%	$2.0M	$1.5M	50x	as long as short
Gate KAIA_USDT	+0.0100%	4h	0.03276	−0.031%	$81K	$57K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03275	−0.061%	$414K	$125K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03282	+0.153%	$338K	$72K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03276	−0.031%	$482K	$344K	75x	as long as short
BingX KAIA-USDT	+0.0100%	4h	0.03276	−0.031%	—	$6.5M	—	as long as short
Variational Omni KAIA	+0.0100%	4h	0.03275	−0.058%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perp	+0.0100%	4h	0.03280	+0.079%	$395K	$498K	10x	as long as short
Extended KAIA-USDshort	+0.0104%	1h	0.03274	−0.080%	$977	$100K	5x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KAIA-USDTlong	+0.0129%	4h	0.03277	long leg	$154K	$9K	75x
Kraken Futures PF_KAIAUSD	+0.0283%	1h	0.03283	+0.187%	$46K	$14K	10x	as long as short