Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Aevo+0.185%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1341.338% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.185%, 7d avg +0.064%

Together, before fees−0.109%−$11 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: Bybit is 0.121% dearer against Aevo than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo KAITO-PERP	0.3507	0.0104	pay 0.0013% / 1h	14m 51s	$243K	—	3x
Short	Bybit KAITOUSDT	0.3513	0.0100	get 0.0050% / 4h	3h 14m	$4.5M	$6.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.185%Rate

Funding earned: −$0.84
Price spread: +0.185% → +0.064%: $12.11
Slippage, 4 orders: −$106.84
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$122.57
Costs to cover: 1.338%
Break-even: never at this rate

Slippage from Aevo: live order book, 59 min ago; Bybit: 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 Aevo live order book, 59 min ago	30.20 bp	43.6 bp −$44	200.4 bp −$2,004	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.43 bp	24.5 bp −$25	75.9 bp −$759	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
Injective KAITO/USDC PERP	−0.0015%	1h	0.3486	−0.585%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.886%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3505	−0.052%	$117K	$35K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3507	+0.014%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3508	+0.029%	$10.7M	$15.8M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3513	+0.185%	$4.5M	$6.8M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3506	−0.014%	$4.2M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3510	+0.100%	$702K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3506	−0.014%	$3.4M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3508	+0.043%	$1.4M	$166K	30x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KAITOUSDT	+0.0100%	4h	0.3512	+0.157%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3509	+0.071%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3505	−0.031%	$19K	$160K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3505	−0.044%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3497	−0.275%	$236K	$2.9M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3493	−0.385%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3506	−0.020%	$3K	$2K	10x	as long as short
edgeX KAITOUSDC	+0.0100%	4h	0.3495	−0.337%	$17K	$324K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3508	+0.042%	$78K	$54K	10x	as long as short
Aevo KAITO-PERPlong	+0.0104%	1h	0.3507	long leg	$243K	—	3x
Paradex KAITO-USD-PERP	+0.0111%	8h	0.3506	−0.025%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0141%	4h	0.3507	+0.014%	$552K	$61K	75x	as long as short
Polymarket Perps KAITO-USD	+0.0156%	1h	0.3509	+0.071%	$21K	$4.1M	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0847%	1h	0.3507	+0.020%	$243K	$156K	10x	as long as short
Hyperliquid KAITO	+0.1139%	1h	0.3514	+0.228%	$2.1M	$771K	5x	as long as short
Lighter KAITO	+0.1856%	1h	0.3519	+0.351%	$90K	$90K	5x	as long as short
01 Exchange KAITOUSD	+0.3280%	1h	0.3505	−0.029%	$6K	$2K	3x	as long as short