KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0474%/8h= +51.9% APRnext payment +$0.59 per $10,000 · paid last 24h +0.021%

Price spread now: Aevo against Backpack−0.065%46s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$426as in the Funding arb table

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

costs, in and out, $10k−$3943.940% of the position

Long on Backpack Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.321%−$32 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.065%, 7d avg +0.001%

Together, before fees−0.299%−$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.065% cheaper against Backpack than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.001%). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.321%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.321% in total (about -16.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.59 per $10,000. 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	Backpack KAITO_USDC_PERP	0.3528	−0.0370	get 0.0046% / 1h	32m 28s	$20K	$179K	10x
Short	Aevo KAITO-PERP	0.3525	0.0104	get 0.0013% / 1h	32m 28s	$245K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Backpack. 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 BackpackbpFee AevobpOrdersPrice spread, now −0.065%Rate

Funding earned: $99.55
Price spread: −0.065% → +0.001%: −$6.51
Slippage, 4 orders: −$368.01
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$300.97
Costs to cover: 3.940%
Break-even: 28.2 days

Slippage from Backpack: live order book, 21 min ago; Aevo: live order book, 21 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 Backpack live order book, 21 min ago	0.85 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 21 min ago	170.53 bp	189.4 bp −$189	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
Backpack KAITO_USDC_PERPlong	−0.0370%	1h	0.3528	long leg	$20K	$179K	10x
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.460%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0009%	1h	0.3544	+0.462%	$7K	$52K	12x	as long as short
Kraken Futures PF_KAITOUSD	+0.0030%	1h	0.3526	−0.054%	$247K	$156K	10x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3528	+0.004%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3529	+0.045%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3527	−0.015%	$10.8M	$16.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3529	+0.037%	$4.4M	$7.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3525	−0.077%	$4.3M	$10.7M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3527	−0.020%	$670K	$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	0.3526	−0.048%	$3.2M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3530	+0.065%	$1.4M	$168K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3530	+0.065%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3527	−0.020%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3537	+0.260%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3537	+0.260%	$244K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3537	+0.264%	$30K	$260K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3528	−0.006%	$19K	$4.5M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3527	−0.014%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3528	+0.009%	$79K	$62K	10x	as long as short
Aevo KAITO-PERPshort	+0.0104%	1h	0.3525	−0.065%	$245K	—	3x
edgeX KAITOUSDC	+0.0108%	4h	0.3534	+0.177%	$17K	$325K	5x	as long as short
BloFin KAITO-USDT	+0.0109%	4h	0.3528	+0.009%	$561K	$68K	75x	as long as short
Paradex KAITO-USD-PERP	+0.0112%	8h	0.3527	−0.025%	$4K	$604	10x	as long as short
Hyperliquid KAITO	+0.0644%	1h	0.3530	+0.077%	$2.1M	$825K	5x	as long as short
Lighter KAITO	+0.1176%	1h	0.3539	+0.332%	$88K	$101K	5x	as long as short
01 Exchange KAITOUSD	+0.4968%	1h	0.3600	+2.049%	$6K	$2K	3x	as long as short