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 Variational Omni−0.045%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.045% cheaper against Variational Omni than usual: you would sell low and buy high, −$4 on $10k if it 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	0.03202	0.0100	pay 0.0050% / 4h	1h 55m	$3K	$202	—
Short	Bybit KAIAUSDT	0.03201	0.0100	get 0.0050% / 4h	1h 55m	$1.9M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → 0.000%: −$4.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$15.5
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 1 min ago. 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 Bybit live order book, 1 min ago	3.12 bp	33.2 bp −$33	101.7 bp −$1,017	doesn't fit	doesn't fit

Variational Omni: 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
Binance KAIAUSDT	+0.0100%	4h	0.03206	+0.111%	$2.4M	$4.3M	75x	as long as short
Bybit KAIAUSDTshort	+0.0100%	4h	0.03201	−0.045%	$1.9M	$1.4M	50x
Gate KAIA_USDT	+0.0100%	4h	0.03205	+0.080%	$79K	$73K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03206	+0.111%	$541K	$148K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03206	+0.111%	$311K	$71K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03208	+0.174%	$436K	$408K	75x	as long as short
BingX KAIA-USDT	+0.0100%	4h	0.03206	+0.111%	—	$6.5M	—	as long as short
Variational Omni KAIAlong	+0.0100%	4h	0.03202	long leg	$3K	$202	—
GRVT KAIA_USDT_Perp	+0.0100%	4h	0.03213	+0.322%	$387K	$498K	10x	as long as short
Extended KAIA-USD	+0.0104%	1h	0.03204	+0.038%	$2K	$101K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KAIA-USDT	+0.0158%	4h	0.03216	+0.423%	$113K	$21K	75x	as long as short
Kraken Futures PF_KAIAUSD	+0.1759%	1h	0.03213	+0.338%	$45K	$40K	10x	as long as short