KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0135%/8h= −14.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.007%

Price spread now: Backpack against Aevo−0.044%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1151.148% of the position

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.339%+$34 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.044%, 7d avg +0.005%

Together, before fees+0.320%+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Backpack is 0.049% cheaper against Aevo than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.005%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.339%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo KAITO-PERP	0.3439	0.0104	pay 0.0013% / 1h	50m 05s	$239K	$1K	3x
Short	Backpack KAITO_USDC_PERP	0.3437	−0.0031	pay 0.0004% / 1h	50m 05s	$18K	$173K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aevo. 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 AevobpFee BackpackbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$28.43
Price spread: −0.044% → +0.005%: −$4.88
Slippage, 4 orders: −$88.79
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$148.1
Costs to cover: 1.148%
Break-even: never at this rate

Slippage from Aevo: live order book, 38 min ago; Backpack: live order book, 38 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 Aevo live order book, 38 min ago	36.16 bp	47.0 bp −$47	209.9 bp −$2,099	doesn't fit	doesn't fit
Sell Backpack live order book, 38 min ago	0.14 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit

KAITO on 27 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_KAITOUSD	−0.0258%	1h	0.3437	−0.063%	$235K	$160K	10x	as long as short
Injective KAITO/USDC PERP	−0.0057%	1h	0.3442	+0.093%	$7K	$52K	12x	as long as short
Backpack KAITO_USDC_PERPshort	−0.0031%	1h	0.3437	−0.044%	$18K	$173K	10x
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−1.990%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3437	−0.042%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3435	−0.111%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3439	+0.006%	$10.4M	$15.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3440	+0.035%	$4.2M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3435	−0.111%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3438	−0.023%	$666K	$1.7M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KAITO_USDT	+0.0100%	4h	0.3438	−0.023%	$3.2M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3437	−0.052%	$1.4M	$183K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3436	−0.081%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3435	−0.111%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3437	−0.052%	$43K	$237K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3444	+0.162%	$238K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3438	−0.023%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3440	+0.035%	$18K	$3.8M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3437	−0.049%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3439	+0.020%	$61K	$41K	10x	as long as short
Aevo KAITO-PERPlong	+0.0104%	1h	0.3439	long leg	$239K	$1K	3x
Paradex KAITO-USD-PERP	+0.0104%	8h	0.3438	−0.026%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0107%	4h	0.3436	−0.081%	$538K	$60K	75x	as long as short
edgeX KAITOUSDC	+0.0110%	4h	0.3439	+0.003%	$17K	$320K	5x	as long as short
01 Exchange KAITOUSD	+0.0312%	1h	0.3438	−0.023%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0642%	1h	0.3445	+0.177%	$2.0M	$740K	5x	as long as short
Lighter KAITO	+0.0944%	1h	0.3449	+0.302%	$82K	$82K	5x	as long as short