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−0.105%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 0.105% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 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	0.03255	0.0100	pay 0.0050% / 4h	3h 29m	$3K	$202	—
Short	Bybit KAIAUSDT	0.03252	0.0100	get 0.0050% / 4h	3h 29m	$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 −0.105%Rate

Funding earned: $0
Price spread: −0.105% → 0.000%: −$10.54
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: −$21.54
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 2 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, 2 min ago	4.61 bp	29.5 bp −$30	109.8 bp −$1,098	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	0.03254	−0.047%	$2.4M	$4.1M	75x	as long as short
Bybit KAIAUSDTshort	+0.0100%	4h	0.03252	−0.105%	$1.9M	$1.4M	50x
Gate KAIA_USDT	+0.0100%	4h	0.03256	+0.017%	$82K	$74K	50x	as long as short
MEXC KAIA_USDT	+0.0100%	4h	0.03253	−0.075%	$524K	$147K	100x	as long as short
KuCoin KAIAUSDTM	+0.0100%	4h	0.03252	−0.105%	$330K	$68K	30x	as long as short
Bitget KAIAUSDT	+0.0100%	4h	0.03254	−0.044%	$469K	$400K	75x	as long as short
BingX KAIA-USDT	+0.0100%	4h	0.03253	−0.075%	—	$6.5M	—	as long as short
Variational Omni KAIAlong	+0.0100%	4h	0.03255	long leg	$3K	$202	—
GRVT KAIA_USDT_Perp	+0.0100%	4h	0.03259	+0.101%	$397K	$505K	10x	as long as short
BloFin KAIA-USDT	+0.0101%	4h	0.03260	+0.140%	$156K	$21K	75x	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	0.03252	−0.098%	$5K	$98K	5x	as long as short
Kraken Futures PF_KAIAUSD	+0.1613%	1h	0.03263	+0.243%	$46K	$39K	10x	as long as short