Funding arb · Price arb /

KAIA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against MEXC+0.154%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.154%, 7d avg +0.022%

Together, before fees−0.125%−$12 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: Bitget is 0.131% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KAIA_USDT	0.03253	0.0100	pay 0.0050% / 4h	1h 07m	$411K	$127K	100x
Short	Bitget KAIAUSDT	0.03258	0.0100	get 0.0050% / 4h	1h 07m	$474K	$332K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.022%: $13.14
Slippage, 4 orders: −$52.78
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$55.63
Costs to cover: 0.688%
Break-even: never at this rate

Slippage from MEXC: live order book, 67 min ago; Bitget: live order book, 3 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 MEXC live order book, 67 min ago	1.54 bp	11.0 bp −$11	76.0 bp −$760	247.5 bp −$24.7K	doesn't fit
Sell Bitget live order book, 3 min ago	4.62 bp	18.4 bp −$18	72.2 bp −$722	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
Kraken Futures PF_KAIAUSD	−0.0932%	1h	0.03254	+0.044%	$46K	$14K	10x	as long as short
Binance KAIAUSDT	+0.0100%	4h	0.03252	−0.031%	$2.3M	$3.4M	75x	as long as short
Bybit KAIAUSDT	+0.0100%	4h	0.03250	−0.092%	$2.0M	$1.5M	50x	as long as short
Gate KAIA_USDT	+0.0100%	4h	0.03251	−0.061%	$79K	$56K	50x	as long as short
MEXC KAIA_USDTlong	+0.0100%	4h	0.03253	long leg	$411K	$127K	100x
KuCoin KAIAUSDTM	+0.0100%	4h	0.03257	+0.123%	$336K	$72K	30x	as long as short
Bitget KAIAUSDTshort	+0.0100%	4h	0.03258	+0.154%	$474K	$332K	75x
BingX KAIA-USDT	+0.0100%	4h	0.03253	0.000%	—	$6.5M	—	as long as short
Variational Omni KAIA	+0.0100%	4h	0.03247	−0.183%	$3K	$202	—	as long as short
GRVT KAIA_USDT_Perp	+0.0100%	4h	0.03251	−0.073%	$386K	$489K	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	0.03251	−0.061%	$967	$100K	5x	as long as short
BloFin KAIA-USDT	+0.0139%	4h	0.03249	−0.123%	$153K	$9K	75x	as long as short