Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0269%/8h= +29.5% APRpaid last 24h +0.006%

Price spread now: BingX against Backpack−0.015%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$710.708% of the position

Long on Backpack Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.324%−$32 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.015%, 7d avg +0.024%

Together, before fees−0.316%−$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.039% cheaper against Backpack than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.024%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.324%, 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	−0.0169	get 0.0021% / 1h	56m 13s	$18K	$176K	10x
Short	BingX KAITO-USDC	0.3439	0.0100	get 0.0050% / 4h	2h 56m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $56.52
Price spread: −0.015% → +0.024%: −$3.87
Slippage, 4 orders: −$50.78
Fee Backpack: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$18.12
Costs to cover: 0.708%
Break-even: 9.2 days

Slippage from Backpack: live order book, 32 min ago; BingX: live order book, 9 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, 32 min ago	0.14 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	1.45 bp	26.9 bp −$27	162.6 bp −$1,626	807.1 bp −$80.7K	1117.0 bp −$558.5K

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	−0.0258%	1h	0.3436	−0.101%	$235K	$160K	10x	as long as short
Backpack KAITO_USDC_PERPlong	−0.0169%	1h	0.3439	long leg	$18K	$176K	10x
Injective KAITO/USDC PERP	−0.0057%	1h	0.3452	+0.363%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.008%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3440	+0.002%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3441	+0.046%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3439	−0.006%	$10.4M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3442	+0.073%	$4.2M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3436	−0.102%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3440	+0.015%	$667K	$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	+0.015%	$3.3M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3441	+0.044%	$1.4M	$184K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3440	+0.015%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDCshort	+0.0100%	4h	0.3439	−0.015%	—	$6.5M	—
Variational Omni KAITO	+0.0100%	4h	0.3452	+0.350%	$43K	$237K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3447	+0.216%	$231K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3447	+0.218%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3440	+0.023%	$11K	$3.8M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3441	+0.029%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3441	+0.040%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3439	0.000%	$239K	$1K	3x	as long as short
Paradex KAITO-USD-PERP	+0.0105%	8h	0.3441	+0.051%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0109%	4h	0.3446	+0.197%	$17K	$319K	5x	as long as short
BloFin KAITO-USDT	+0.0112%	4h	0.3443	+0.102%	$539K	$59K	75x	as long as short
01 Exchange KAITOUSD	+0.0328%	1h	0.3439	−0.026%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0564%	1h	0.3445	+0.163%	$2.0M	$744K	5x	as long as short
Lighter KAITO	+0.0904%	1h	0.3451	+0.326%	$82K	$82K	5x	as long as short