KAIA arbitrage explained
Right now Kaia (KAIA) trades on 8 venues we scan: 7 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.0382 and the highest bid on Bybit spot at $0.0383.
The widest KAIA perpetual spread is between Gate and KuCoin: long KAIA on Gate at $0.0382 and short on KuCoin at $0.0383 for +0.21% gross, or +0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best KAIA route is to buy spot on Binance and short the perpetual on KuCoin: -0.03% gross, -0.23% net, with +0.030% a day of funding on the short leg.
Spot–spot KAIA arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) shows -0.03% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small KAIA gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: KAIA funding rates · KAIA spread charts · Kaia price · arbitrage scanner for all coins.