Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.008%

Price spread now: BloFin against Backpack−0.078%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Backpack Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.394%−$39 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now −0.078%, 7d avg +0.023%

Together, before fees−0.312%−$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.101% cheaper against Backpack than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.023%). If the spread goes back, that is −$10 on $10k: about 10 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.394%, 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	0.3476	0.0100	pay 0.0013% / 1h	4m 59s	$18K	$164K	10x
Short	BloFin KAITO-USDT	0.3473	0.0134	get 0.0067% / 4h	4m 59s	$545K	$61K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.078%Rate

Funding earned: $7.05
Price spread: −0.078% → +0.023%: −$10.09
Slippage, 4 orders: −$26.94
Fee Backpack: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.99
Costs to cover: 0.489%
Break-even: 58.6 days

Slippage from Backpack: live order book, 8 min ago; BloFin: live order book, 6 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, 8 min ago	0.43 bp	9.3 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	1.44 bp	9.9 bp −$10	21.5 bp −$215	156.9 bp −$15.7K	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
Injective KAITO/USDC PERP	−0.0010%	1h	0.3476	+0.009%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.036%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3475	−0.010%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3475	−0.030%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3478	+0.066%	$10.6M	$15.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3480	+0.124%	$4.4M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3477	+0.037%	$4.2M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3479	+0.095%	$684K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3478	+0.066%	$3.3M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3477	+0.037%	$1.4M	$166K	30x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KAITOUSDT	+0.0100%	4h	0.3477	+0.037%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3477	+0.037%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERPlong	+0.0100%	1h	0.3476	long leg	$18K	$164K	10x
Variational Omni KAITO	+0.0100%	4h	0.3475	−0.019%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3473	−0.071%	$234K	$2.9M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3473	−0.078%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3478	+0.066%	$10K	$4.2M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3475	−0.009%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3474	−0.043%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0103%	4h	0.3474	−0.057%	$17K	$322K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3479	+0.104%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3474	−0.035%	$241K	$1K	3x	as long as short
BloFin KAITO-USDTshort	+0.0134%	4h	0.3473	−0.078%	$545K	$61K	75x
Hyperliquid KAITO	+0.0975%	1h	0.3484	+0.244%	$2.0M	$766K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.1005%	1h	0.3479	+0.099%	$240K	$157K	10x	as long as short
Lighter KAITO	+0.1512%	1h	0.3492	+0.480%	$83K	$83K	5x	as long as short
01 Exchange KAITOUSD	+0.8968%	1h	0.3569	+2.699%	$6K	$2K	3x	as long as short