Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against ApeX Omni+0.115%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$430as in the Funding arb table

Net, price: spread back to 7d avg − costs−$422as in the Price arb table

costs, in and out, $10k−$4304.296% of the position

Long on ApeX Omni Short on BingX

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)−0.124%−$12 · spread now +0.115%, 7d avg +0.036%

Together, before fees−0.124%−$12 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: BingX is 0.079% dearer against ApeX Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni KAITOUSDT	0.3489	0.0100	pay 0.0013% / 1h	59m 19s	$30K	$257K	50x
Short	BingX KAITO-USDC	0.3493	0.0100	get 0.0050% / 4h	3h 59m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → +0.036%: $7.9
Slippage, 4 orders: −$409.61
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$421.71
Costs to cover: 4.296%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 12 min ago; BingX: live order book, 11 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 ApeX Omni live order book, 12 min ago	7.20 bp	159.3 bp −$159	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	1.44 bp	22.3 bp −$22	165.2 bp −$1,652	880.4 bp −$88.0K	1187.2 bp −$593.6K

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	0.3476	−0.373%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.405%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3491	+0.066%	$117K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3491	+0.057%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3492	+0.085%	$10.6M	$15.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3495	+0.172%	$4.5M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3490	+0.029%	$4.2M	$10.1M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3495	+0.172%	$698K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3492	+0.086%	$3.4M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3494	+0.143%	$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	0.3498	+0.258%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDCshort	+0.0100%	4h	0.3493	+0.115%	—	$6.5M	—
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3489	+0.011%	$19K	$164K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3490	+0.029%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3488	−0.041%	$235K	$2.9M	10x	as long as short
ApeX Omni KAITOUSDTlong	+0.0100%	1h	0.3489	long leg	$30K	$257K	50x
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3492	+0.086%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3490	+0.029%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3494	+0.138%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3492	+0.073%	$242K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0116%	4h	0.3488	−0.023%	$17K	$323K	5x	as long as short
BloFin KAITO-USDT	+0.0135%	4h	0.3487	−0.057%	$546K	$62K	75x	as long as short
Polymarket Perps KAITO-USD	+0.0345%	1h	0.3495	+0.178%	$10K	$4.1M	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0851%	1h	0.3492	+0.100%	$241K	$157K	10x	as long as short
Hyperliquid KAITO	+0.0869%	1h	0.3498	+0.269%	$2.0M	$766K	5x	as long as short
Lighter KAITO	+0.1488%	1h	0.3498	+0.246%	$84K	$74K	5x	as long as short
01 Exchange KAITOUSD	+0.8440%	1h	0.3578	+2.542%	$6K	$2K	3x	as long as short