Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0152%/8h= +16.7% APRpaid last 24h +0.006%

Price spread now: Binance against Backpack+0.042%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on Backpack Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.383%−$38 on $10k

Price spread, last 4 days (all we have)+0.178%+$18 · spread now +0.042%, 7d avg +0.007%

Together, before fees−0.205%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.035% dearer against Backpack than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.383%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack KAITO_USDC_PERP	0.3439	−0.0052	get 0.0007% / 1h	57m 41s	$18K	$176K	10x
Short	Binance KAITOUSDT	0.3440	0.0100	get 0.0050% / 4h	2h 57m	$10.4M	$15.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.042%Rate

Funding earned: $31.94
Price spread: +0.042% → +0.007%: $3.54
Slippage, 4 orders: −$26.22
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.74
Costs to cover: 0.462%
Break-even: 9.4 days

Slippage from Backpack: live order book, 30 min ago; Binance: live order book, 13 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, 30 min ago	0.14 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.45 bp	15.1 bp −$15	43.1 bp −$431	337.5 bp −$33.7K	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	−0.0257%	1h	0.3440	+0.034%	$235K	$160K	10x	as long as short
Injective KAITO/USDC PERP	−0.0057%	1h	0.3452	+0.387%	$7K	$52K	12x	as long as short
Backpack KAITO_USDC_PERPlong	−0.0052%	1h	0.3439	long leg	$18K	$176K	10x
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−1.985%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3442	+0.104%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3441	+0.056%	$17K	$12K	5x	as long as short
Binance KAITOUSDTshort	+0.0100%	4h	0.3440	+0.042%	$10.4M	$15.7M	75x
Bybit KAITOUSDT	+0.0100%	4h	0.3441	+0.067%	$4.2M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3435	−0.108%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3443	+0.125%	$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	0.3440	+0.038%	$3.3M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3443	+0.125%	$1.4M	$184K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3444	+0.154%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3442	+0.096%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3452	+0.374%	$43K	$237K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3446	+0.212%	$241K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3447	+0.241%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3445	+0.172%	$9K	$3.9M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3444	+0.151%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3441	+0.070%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3444	+0.155%	$239K	$1K	3x	as long as short
BloFin KAITO-USDT	+0.0104%	4h	0.3448	+0.270%	$542K	$59K	75x	as long as short
Paradex KAITO-USD-PERP	+0.0105%	8h	0.3439	+0.017%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0117%	4h	0.3446	+0.208%	$17K	$321K	5x	as long as short
01 Exchange KAITOUSD	+0.0264%	1h	0.3444	+0.145%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0560%	1h	0.3447	+0.230%	$2.0M	$743K	5x	as long as short
Lighter KAITO	+0.0752%	1h	0.3451	+0.369%	$82K	$82K	5x	as long as short