Settings8H · net · $10k
Funding arb · Price arb /

KAITO

all KAITO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.1400%/8h= +153.3% APRnext payment +$1.75 per $10,000 · paid last 24h +0.199%
Price spread now: Lighter against Aevo+0.356%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1831.827% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.204%+$20 on $10k
Price spread, last 4 days (all we have)−0.337%−$34 · spread now +0.356%, 7d avg +0.134%
Together, before fees−0.133%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Lighter is 0.223% dearer against Aevo than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.134%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.204% in total (about 10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.75 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo KAITO-PERP0.35070.0104pay 0.0013% / 1h14m 52s$243K3x
ShortLighter KAITO0.35190.1504get 0.0188% / 1h14m 52s$87K$100K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$294
Price spread: +0.356% → +0.134%
$22.28
Slippage, 4 orders
−$166.73
Fee Aevo: 8 bp × 2 orders
−$16
Fee Lighter: 0 bp × 2 orders
$0
Net
$133.55
Costs to cover
1.827%
Break-even
3.8 days
Slippage from Aevo: live order book, 34 min ago; Lighter: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 34 min ago43.99 bp54.7 bp −$55306.7 bp −$3,067doesn't fitdoesn't fit
Sell Lighter live order book, 11 min ago10.47 bp11.9 bp −$1288.8 bp −$888doesn't fitdoesn't fit

KAITO on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective KAITO/USDC PERP−0.0060%1h0.3470−1.055%$7K$52K12xas long as short
Backpack KAITO_USDC_PERP−0.0057%1h0.3508+0.023%$20K$186K10xas long as short
Reya KAITORUSDPERP0.0000%1h0.3370−3.896%as long as short
Aster KAITOUSDT+0.0100%4h0.3506−0.040%$118K$51K10xas long as short
Pacifica KAITO+0.0100%1h0.3507−0.002%$18K$14K5xas long as short
Binance KAITOUSDT+0.0100%4h0.35070.000%$10.7M$17.2M75xas long as short
Bybit KAITOUSDT+0.0100%4h0.3508+0.029%$4.4M$8.0M75xas long as short
OKX KAITO-USDT-SWAP+0.0100%4h0.3503−0.114%$4.3M$11.0M50xas long as short
Gate KAITO_USDT+0.0100%4h0.3505−0.057%$659K$1.7M75xas long as short
MEXC KAITO_USDT+0.0100%4h0.35070.000%$3.0M$1.2M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin KAITOUSDTM+0.0100%4h0.3509+0.057%$1.4M$171K30xas long as short
Bitget KAITOUSDT+0.0100%4h0.3510+0.086%$4.4M$3.5M75xas long as short
BingX KAITO-USDT+0.0100%4h0.3505−0.057%$6.7Mas long as short
Variational Omni KAITO+0.0100%4h0.3503−0.102%$44K$211Kas long as short
GRVT KAITO_USDT_Perp+0.0100%4h0.3510+0.099%$239K$2.5M10xas long as short
ApeX Omni KAITOUSDT+0.0100%1h0.3512+0.143%$29K$261K50xas long as short
Polymarket Perps KAITO-USD+0.0100%1h0.3507−0.009%$17K$4.7M5xas long as short
Orderly PERP_KAITO_USDC_mythos+0.0100%4h0.3506−0.034%$3K$2K10xas long as short
edgeX KAITOUSDC+0.0101%4h0.3510+0.096%$18K$327K5xas long as short
Extended KAITO-USD+0.0104%1h0.3507+0.002%$80K$63K10xas long as short
Aevo KAITO-PERPlong+0.0104%1h0.3507long leg$243K3x
Paradex KAITO-USD-PERP+0.0111%8h0.3506−0.026%$4K$60410xas long as short
BloFin KAITO-USDT+0.0137%4h0.3509+0.057%$549K$68K75xas long as short
Kraken Futures PF_KAITOUSD+0.0385%1h0.3506−0.024%$246K$155K10xas long as short
Hyperliquid KAITO+0.0846%1h0.3512+0.145%$2.1M$858K5xas long as short
Lighter KAITOshort+0.1504%1h0.3519+0.356%$87K$100K5x
01 Exchange KAITOUSD+0.8232%1h0.3586+2.253%$6K$1K3xas long as short