Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Aevo−0.255%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1381.381% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.255%, 7d avg +0.002%

Together, before fees+0.173%+$17 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: OKX is 0.257% cheaper against Aevo than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo KAITO-PERP	0.3532	0.0104	pay 0.0013% / 1h	39m 37s	$245K	—	3x
Short	OKX KAITO-USDT-SWAP	0.3523	0.0100	get 0.0050% / 4h	39m 37s	$4.3M	$11.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.255%Rate

Funding earned: −$0.84
Price spread: −0.255% → +0.002%: −$25.7
Slippage, 4 orders: −$112.1
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$164.64
Costs to cover: 1.381%
Break-even: never at this rate

Slippage from Aevo: live order book, 64 min ago; OKX: live order book, 4 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, 64 min ago	37.09 bp	58.4 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.41 bp	11.2 bp −$11	29.4 bp −$294	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
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.577%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0059%	4h	0.3538	+0.170%	$554K	$68K	75x	as long as short
Injective KAITO/USDC PERP	+0.0068%	1h	0.3534	+0.057%	$7K	$52K	12x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3527	−0.154%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3526	−0.182%	$19K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3524	−0.223%	$10.7M	$17.4M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3531	−0.028%	$4.6M	$8.3M	75x	as long as short
OKX KAITO-USDT-SWAPshort	+0.0100%	4h	0.3523	−0.255%	$4.3M	$11.2M	50x
Gate KAITO_USDT	+0.0100%	4h	0.3527	−0.142%	$660K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3525	−0.198%	$3.0M	$1.2M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3529	−0.085%	$1.4M	$162K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3527	−0.142%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3527	−0.142%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3528	−0.116%	$20K	$192K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3541	+0.264%	$45K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3536	+0.113%	$251K	$2.4M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3537	+0.142%	$30K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3532	−0.003%	$15K	$4.9M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3533	+0.017%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3525	−0.204%	$81K	$63K	10x	as long as short
Aevo KAITO-PERPlong	+0.0104%	1h	0.3532	long leg	$245K	—	3x
Paradex KAITO-USD-PERP	+0.0112%	8h	0.3527	−0.154%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0119%	4h	0.3537	+0.151%	$17K	$326K	5x	as long as short
Hyperliquid KAITO	+0.0261%	1h	0.3530	−0.055%	$2.1M	$871K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0663%	1h	0.3523	−0.260%	$248K	$159K	10x	as long as short
Lighter KAITO	+0.0840%	1h	0.3541	+0.260%	$87K	$102K	5x	as long as short
01 Exchange KAITOUSD	+0.4752%	1h	0.3530	−0.057%	$6K	$988	3x	as long as short