Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0424%/8h= +46.4% APRpaid last 24h +0.049%

Price spread now: Hyperliquid against Aster+0.244%7-day average +0.092% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$530.527% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.101%+$10 on $10k

Price spread, last 4 days (all we have)−0.322%−$32 · spread now +0.244%, 7d avg +0.092%

Together, before fees−0.221%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hyperliquid is 0.152% dearer against Aster than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.092%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.101% in total (about 7.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster KAITOUSDT	0.3444	0.0100	pay 0.0050% / 4h	3h 10m	$115K	$34K	10x
Short	Hyperliquid KAITO	0.3452	0.0524	get 0.0066% / 1h	10m 42s	$2.0M	$742K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.244%Rate

Funding earned: $89.04
Price spread: +0.244% → +0.092%: $15.17
Slippage, 4 orders: −$35.69
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $51.53
Costs to cover: 0.527%
Break-even: 2.9 days

Slippage from Aster: live order book, 15 min ago; Hyperliquid: live order book, 15 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, 15 min ago	5.79 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 15 min ago	1.45 bp	14.1 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
Kraken Futures PF_KAITOUSD	−0.0446%	1h	0.3443	−0.031%	$235K	$161K	10x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.136%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0019%	1h	0.3452	+0.232%	$7K	$52K	12x	as long as short
BloFin KAITO-USDT	+0.0041%	4h	0.3442	−0.058%	$544K	$58K	75x	as long as short
Aster KAITOUSDTlong	+0.0100%	4h	0.3444	long leg	$115K	$34K	10x
Pacifica KAITO	+0.0100%	1h	0.3444	+0.004%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3445	+0.029%	$10.4M	$15.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3447	+0.087%	$4.2M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3442	−0.058%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3445	+0.029%	$668K	$1.7M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KAITO_USDT	+0.0100%	4h	0.3445	+0.029%	$3.2M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3446	+0.058%	$1.4M	$184K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3447	+0.087%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3444	0.000%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3442	−0.055%	$18K	$176K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3456	+0.335%	$43K	$237K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3450	+0.174%	$231K	$3.1M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3445	+0.029%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3445	+0.035%	$15K	$3.8M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3442	−0.052%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3445	+0.021%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3442	−0.054%	$239K	$1K	3x	as long as short
Paradex KAITO-USD-PERP	+0.0105%	8h	0.3448	+0.124%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0118%	4h	0.3445	+0.038%	$17K	$319K	5x	as long as short
01 Exchange KAITOUSD	+0.0232%	1h	0.3445	+0.023%	$6K	$2K	3x	as long as short
Hyperliquid KAITOshort	+0.0524%	1h	0.3452	+0.244%	$2.0M	$742K	5x
Lighter KAITO	+0.0824%	1h	0.3456	+0.351%	$82K	$82K	5x	as long as short