Funding arb · Price arb /

KAIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.190%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1151.153% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.190%, 7d avg −0.111%

Together, before fees+0.045%+$5 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 0.080% cheaper against Bitget than usual: you would sell low and buy high, −$8 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	Bitget KAIAUSDT	0.03153	0.0100	pay 0.0050% / 4h	50m 53s	$430K	$367K	75x
Short	Bybit KAIAUSDT	0.03147	0.0100	get 0.0050% / 4h	50m 53s	$2.0M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee BybitbpOrdersPrice spread, now −0.190%Rate

Funding earned: $0
Price spread: −0.190% → −0.111%: −$7.96
Slippage, 4 orders: −$92.34
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$123.3
Costs to cover: 1.153%
Break-even: never at this rate

Slippage from Bitget: live order book, 48 min ago; Bybit: live order book, 4 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 Bitget live order book, 48 min ago	4.72 bp	25.7 bp −$26	145.9 bp −$1,459	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.17 bp	36.8 bp −$37	104.3 bp −$1,043	doesn't fit	doesn't fit

KAIA on 12 exchanges

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
Kraken Futures PF_KAIAUSD	−0.0169%	1h	0.03154	+0.038%	$32K	$42K	10x	as long as short
Binance KAIAUSDT	+0.0100%	4h	0.03151	−0.058%	$2.3M	$3.7M	75x	as long as short
Bybit KAIAUSDTshort	+0.0100%	4h	0.03147	−0.190%	$2.0M	$1.2M	50x
Gate KAIA_USDT	+0.0100%	4h	0.03150	−0.095%	$74K	$67K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03152	−0.032%	$523K	$159K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03157	+0.127%	$305K	$40K	30x	as long as short
Bitget KAIAUSDTlong	+0.0100%	4h	0.03153	long leg	$430K	$367K	75x
BingX KAIA-USDT	+0.0100%	4h	0.03150	−0.095%	—	$6.5M	—	as long as short
Variational Omni KAIA	+0.0100%	4h	0.03158	+0.148%	$3K	$1	—	as long as short
GRVT KAIA_USDT_Perp	+0.0100%	4h	0.03168	+0.476%	$383K	$432K	10x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KAIA-USD	+0.0104%	1h	0.03150	−0.085%	$942	$95K	5x	as long as short
BloFin KAIA-USDT	+0.0156%	4h	0.03153	0.000%	$151K	$18K	75x	as long as short