Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1404%/8h= +153.7% APRpaid last 24h +0.200%

Price spread now: Lighter against Aster+0.357%7-day average +0.109% · 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−$64as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.256%+$26 on $10k

Price spread, last 4 days (all we have)−0.352%−$35 · spread now +0.357%, 7d avg +0.109%

Together, before fees−0.095%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$10 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 0.248% dearer against Aster than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.109%.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.256% in total (about 16.8% 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	0.3492	0.0100	pay 0.0050% / 4h	2h 22m	$117K	$51K	10x
Short	Lighter KAITO	0.3505	0.1504	get 0.0188% / 1h	22m 10s	$87K	$100K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.357%Rate

Funding earned: $294.84
Price spread: +0.357% → +0.109%: $24.82
Slippage, 4 orders: −$80.85
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $230.81
Costs to cover: 0.888%
Break-even: 1.5 days

Slippage from Aster: live order book, 24 min ago; Lighter: live order book, 3 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, 24 min ago	2.85 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	10.47 bp	11.9 bp −$12	88.8 bp −$888	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
Backpack KAITO_USDC_PERP	−0.0266%	1h	0.3478	−0.410%	$20K	$186K	10x	as long as short
Injective KAITO/USDC PERP	−0.0060%	1h	0.3470	−0.636%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.489%	—	—	—	as long as short
Aster KAITOUSDTlong	+0.0100%	4h	0.3492	long leg	$117K	$51K	10x
Pacifica KAITO	+0.0100%	1h	0.3485	−0.217%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3495	+0.080%	$10.6M	$17.1M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3496	+0.108%	$4.4M	$8.0M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3495	+0.080%	$4.3M	$10.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3487	−0.149%	$655K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3494	+0.051%	$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	0.3491	−0.035%	$1.4M	$179K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3496	+0.108%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3487	−0.149%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3465	−0.781%	$43K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3477	−0.443%	$247K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3466	−0.751%	$29K	$261K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3491	−0.029%	$19K	$4.6M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3491	−0.035%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3494	+0.038%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3493	+0.022%	$242K	—	3x	as long as short
edgeX KAITOUSDC	+0.0106%	4h	0.3465	−0.772%	$17K	$325K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0109%	8h	0.3484	−0.249%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0142%	4h	0.3476	−0.464%	$556K	$67K	75x	as long as short
Kraken Futures PF_KAITOUSD	+0.0387%	1h	0.3494	+0.048%	$245K	$154K	10x	as long as short
Hyperliquid KAITO	+0.0832%	1h	0.3495	+0.085%	$2.1M	$855K	5x	as long as short
Lighter KAITOshort	+0.1504%	1h	0.3505	+0.357%	$87K	$100K	5x
01 Exchange KAITOUSD	+0.8296%	1h	0.3577	+2.419%	$6K	$1K	3x	as long as short