Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.12 per $10,000 · paid last 24h −0.009%
Price spread now: BloFin against Bybit+0.188%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$1031.030% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.188%, 7d avg +0.069%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.119% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KAIAUSDT | 0.03194 | 0.0100 | pay 0.0050% / 4h | 1h 29m | $2.0M | $1.4M | 50x |
| Short | BloFin KAIA-USDT | 0.03200 | 0.0125 | get 0.0062% / 4h | 1h 29m | $156K | $20K | 75x |
Bybit KAIAUSDT
BloFin KAIA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.2
- Price spread: +0.188% → +0.069%
- $11.93
- Slippage, 4 orders
- −$80.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$85.88
- Costs to cover
- 1.030%
- Break-even
- 122.7 days
Slippage from Bybit: live order book, 7 min ago; BloFin: live order book, 46 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, 7 min ago | 3.14 bp | 24.2 bp −$24 | 118.8 bp −$1,188 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 46 min ago | 6.24 bp | 25.5 bp −$25 | 64.3 bp −$643 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KAIAUSDT | +0.0100% | 4h | 0.03197 | +0.094% | $2.4M | $4.3M | 75x | as long as short |
| Bybit KAIAUSDTlong | +0.0100% | 4h | 0.03194 | long leg | $2.0M | $1.4M | 50x | |
| Gate KAIA_USDT | +0.0100% | 4h | 0.03194 | 0.000% | $79K | $75K | 50x | as long as short |
| MEXC KAIA_USDT | +0.0100% | 4h | 0.03196 | +0.063% | $540K | $150K | 100x | as long as short |
| KuCoin KAIAUSDTM | +0.0100% | 4h | 0.03192 | −0.063% | $310K | $72K | 30x | as long as short |
| Bitget KAIAUSDT | +0.0100% | 4h | 0.03196 | +0.063% | $434K | $410K | 75x | as long as short |
| BingX KAIA-USDT | +0.0100% | 4h | 0.03194 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni KAIA | +0.0100% | 4h | 0.03187 | −0.205% | $3K | $202 | — | as long as short |
| GRVT KAIA_USDT_Perp | +0.0100% | 4h | 0.03192 | −0.063% | $381K | $495K | 10x | as long as short |
| Extended KAIA-USD | +0.0104% | 1h | 0.03196 | +0.068% | $2K | $97K | 5x | as long as short |
Binance KAIAUSDT
Gate KAIA_USDT
MEXC KAIA_USDT
KuCoin KAIAUSDTM
Bitget KAIAUSDT
BingX KAIA-USDT
Variational Omni KAIA
GRVT KAIA_USDT_Perp
Extended KAIA-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin KAIA-USDTshort | +0.0125% | 4h | 0.03200 | +0.188% | $156K | $20K | 75x | |
| Kraken Futures PF_KAIAUSD | +0.1765% | 1h | 0.03202 | +0.257% | $45K | $40K | 10x | as long as short |
Kraken Futures PF_KAIAUSD