Funding arb · Price arb /

KAIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.061%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1131.130% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.061%, 7d avg +0.111%

Together, before fees+0.081%+$8 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: Bitget is 0.050% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KAIAUSDT	0.03293	0.0100	pay 0.0050% / 4h	3h 31m	$2.0M	$1.5M	50x
Short	Bitget KAIAUSDT	0.03295	0.0100	get 0.0050% / 4h	3h 31m	$495K	$364K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → +0.111%: −$5.05
Slippage, 4 orders: −$89.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$118.02
Costs to cover: 1.130%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: 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 Bybit live order book, 5 min ago	4.59 bp	32.7 bp −$33	124.8 bp −$1,248	doesn't fit	doesn't fit
Sell Bitget live order book, 35 min ago	6.13 bp	24.5 bp −$25	92.2 bp −$922	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	+0.0049%	4h	0.03294	+0.030%	$155K	$11K	75x	as long as short
Binance KAIAUSDT	+0.0100%	4h	0.03295	+0.059%	$2.4M	$3.7M	75x	as long as short
Bybit KAIAUSDTlong	+0.0100%	4h	0.03293	long leg	$2.0M	$1.5M	50x
Gate KAIA_USDT	+0.0100%	4h	0.03298	+0.152%	$84K	$60K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03293	0.000%	$426K	$126K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03297	+0.121%	$344K	$70K	30x	as long as short
Bitget KAIAUSDTshort	+0.0100%	4h	0.03295	+0.061%	$495K	$364K	75x
BingX KAIA-USDT	+0.0100%	4h	0.03294	+0.030%	—	$6.5M	—	as long as short
Variational Omni KAIA	+0.0100%	4h	0.03290	−0.091%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perp	+0.0100%	4h	0.03273	−0.598%	$391K	$501K	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	0.03290	−0.082%	$5K	$101K	5x	as long as short
Kraken Futures PF_KAIAUSD	+0.0255%	1h	0.03302	+0.282%	$47K	$14K	10x	as long as short