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: BingX against Bybit+0.062%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1181.183% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.062%, 7d avg +0.032%

Together, before fees+0.038%+$4 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: BingX is 0.030% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KAIAUSDT	0.03230	0.0100	pay 0.0050% / 4h	17m 01s	$1.9M	$1.4M	50x
Short	BingX KAIA-USDT	0.03232	0.0100	get 0.0050% / 4h	17m 01s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.032%: $3.01
Slippage, 4 orders: −$97.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$115.32
Costs to cover: 1.183%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BingX: 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 Bybit live order book, 4 min ago	6.20 bp	33.0 bp −$33	126.3 bp −$1,263	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	10.82 bp	28.4 bp −$28	83.5 bp −$835	557.7 bp −$55.8K	997.5 bp −$498.8K

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	0.03234	+0.124%	$2.4M	$4.0M	75x	as long as short
Bybit KAIAUSDTlong	+0.0100%	4h	0.03230	long leg	$1.9M	$1.4M	50x
Gate KAIA_USDT	+0.0100%	4h	0.03232	+0.062%	$81K	$74K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03233	+0.093%	$530K	$146K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03232	+0.062%	$329K	$70K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03235	+0.155%	$458K	$404K	75x	as long as short
BingX KAIA-USDTshort	+0.0100%	4h	0.03232	+0.062%	—	$6.5M	—
Variational Omni KAIA	+0.0100%	4h	0.03230	−0.003%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perp	+0.0100%	4h	0.03233	+0.101%	$394K	$505K	10x	as long as short
Extended KAIA-USD	+0.0104%	1h	0.03233	+0.096%	$2K	$100K	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	+0.0133%	4h	0.03231	+0.031%	$155K	$21K	75x	as long as short
Kraken Futures PF_KAIAUSD	+0.1624%	1h	0.03243	+0.400%	$46K	$39K	10x	as long as short