Funding arb · Price arb /

KAIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin+0.063%7-day average −0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$559as in the Funding arb table

Net, price: spread back to 7d avg − costs−$543as in the Price arb table

costs, in and out, $10k−$5635.632% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.063%, 7d avg −0.139%

Together, before fees−0.066%−$7 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: Bybit is 0.202% dearer against KuCoin than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KAIAUSDTM	0.03170	0.0100	pay 0.0050% / 4h	2h 25m	$310K	$69K	30x
Short	Bybit KAIAUSDT	0.03172	0.0100	get 0.0050% / 4h	2h 25m	$1.9M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → −0.139%: $20.22
Slippage, 4 orders: −$540.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$542.98
Costs to cover: 5.632%
Break-even: never at this rate

Slippage from KuCoin: live order book, 32 min ago; Bybit: live order book, 1 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 KuCoin live order book, 32 min ago	10.86 bp	232.7 bp −$233	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	6.32 bp	29.5 bp −$29	103.2 bp −$1,032	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	+0.0055%	4h	0.03169	−0.032%	$153K	$20K	75x	as long as short
Binance KAIAUSDT	+0.0100%	4h	0.03178	+0.247%	$2.4M	$4.2M	75x	as long as short
Bybit KAIAUSDTshort	+0.0100%	4h	0.03172	+0.063%	$1.9M	$1.4M	50x
Gate KAIA_USDT	+0.0100%	4h	0.03172	+0.063%	$79K	$76K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03177	+0.221%	$535K	$150K	100x	as long as short
KuCoin KAIAUSDTMlong	+0.0100%	4h	0.03170	long leg	$310K	$69K	30x
Bitget KAIAUSDT	+0.0100%	4h	0.03177	+0.221%	$433K	$420K	75x	as long as short
BingX KAIA-USDT	+0.0100%	4h	0.03175	+0.158%	—	$6.5M	—	as long as short
Variational Omni KAIA	+0.0100%	4h	0.03164	−0.190%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perp	+0.0100%	4h	0.03187	+0.521%	$379K	$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	0.03176	+0.191%	$6K	$98K	5x	as long as short
Kraken Futures PF_KAIAUSD	+0.1551%	1h	0.03176	+0.196%	$45K	$40K	10x	as long as short