Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%

Price spread now: Backpack against Aster−0.151%45s7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.446% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.317%+$32 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.151%, 7d avg −0.017%

Together, before fees+0.425%+ Points / potential airdropAster: Stage 5 · farm board+$43 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: Backpack is 0.134% cheaper against Aster than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.017%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster KAITOUSDT	0.3505	0.0100	pay 0.0050% / 4h	1h 08m	$117K	$51K	10x
Short	Backpack KAITO_USDC_PERP	0.3500	0.0100	get 0.0013% / 1h	8m 17s	$19K	$189K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now −0.151%Rate

Funding earned: $0
Price spread: −0.151% → −0.017%: −$13.42
Slippage, 4 orders: −$26.55
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$57.97
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from Aster: live order book, 33 min ago; Backpack: live order book, 35 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 Aster live order book, 33 min ago	1.43 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 35 min ago	1.14 bp	13.5 bp −$14	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
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.852%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0044%	1h	0.3510	+0.131%	$7K	$52K	12x	as long as short
Aster KAITOUSDTlong	+0.0100%	4h	0.3505	long leg	$117K	$51K	10x
Pacifica KAITO	+0.0100%	1h	0.3506	+0.016%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3507	+0.047%	$10.7M	$17.3M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3509	+0.103%	$4.4M	$8.1M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3506	+0.017%	$4.3M	$11.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3505	−0.011%	$658K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3506	+0.017%	$3.0M	$1.2M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3505	−0.011%	$1.4M	$164K	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	0.3511	+0.160%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3505	−0.011%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERPshort	+0.0100%	1h	0.3500	−0.151%	$19K	$189K	10x
Variational Omni KAITO	+0.0100%	4h	0.3499	−0.173%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3502	−0.097%	$239K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3501	−0.126%	$29K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3508	+0.088%	$14K	$4.8M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3505	0.000%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3508	+0.067%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3508	+0.065%	$243K	—	3x	as long as short
edgeX KAITOUSDC	+0.0105%	4h	0.3500	−0.149%	$18K	$324K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0119%	8h	0.3506	+0.024%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0129%	4h	0.3503	−0.069%	$553K	$67K	75x	as long as short
Hyperliquid KAITO	+0.0645%	1h	0.3510	+0.120%	$2.0M	$867K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0809%	1h	0.3507	+0.040%	$246K	$156K	10x	as long as short
Lighter KAITO	+0.1344%	1h	0.3520	+0.422%	$87K	$102K	5x	as long as short
01 Exchange KAITOUSD	+0.8224%	1h	0.3586	+2.299%	$6K	$988	3x	as long as short