Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0406%/8h= +44.4% APRpaid last 24h +0.006%

Price spread now: Bybit against Backpack−0.052%45s7-day average +0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as 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−$650.654% of the position

Long on Backpack Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.337%−$34 on $10k

Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.052%, 7d avg +0.068%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.120% cheaper against Backpack than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.068%). If the spread goes back, that is −$12 on $10k: about 24 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 7 days funding on this pair cost −0.337%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack KAITO_USDC_PERP	0.3442	−0.0306	get 0.0038% / 1h	55m 27s	$18K	$168K	10x
Short	Bybit KAITOUSDT	0.3440	0.0100	get 0.0050% / 4h	2h 55m	$4.3M	$6.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.052%Rate

Funding earned: $85.2
Price spread: −0.052% → +0.068%: −$11.99
Slippage, 4 orders: −$44.44
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $7.78
Costs to cover: 0.654%
Break-even: 6.4 days

Slippage from Backpack: live order book, 13 min ago; Bybit: 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 Backpack live order book, 13 min ago	1.43 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.44 bp	23.6 bp −$24	114.1 bp −$1,141	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	−0.0306%	1h	0.3442	long leg	$18K	$168K	10x
Injective KAITO/USDC PERP	−0.0064%	1h	0.3466	+0.703%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.078%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3442	+0.018%	$115K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3445	+0.080%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3437	−0.127%	$10.5M	$16.1M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3440	−0.052%	$4.3M	$6.9M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3436	−0.169%	$4.1M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3438	−0.110%	$674K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3437	−0.139%	$3.3M	$1.0M	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	0.3441	−0.023%	$1.4M	$165K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3441	−0.023%	$4.2M	$3.1M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3438	−0.110%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3452	+0.295%	$43K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3466	+0.703%	$237K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3463	+0.616%	$30K	$256K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3437	−0.148%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3443	+0.048%	$77K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3437	−0.128%	$239K	—	3x	as long as short
Polymarket Perps KAITO-USD	+0.0105%	1h	0.3438	−0.105%	$15K	$4.1M	5x	as long as short
Paradex KAITO-USD-PERP	+0.0111%	8h	0.3444	+0.070%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0116%	4h	0.3465	+0.670%	$17K	$322K	5x	as long as short
BloFin KAITO-USDT	+0.0119%	4h	0.3464	+0.645%	$553K	$60K	75x	as long as short
Hyperliquid KAITO	+0.0935%	1h	0.3443	+0.023%	$2.0M	$776K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0987%	1h	0.3441	−0.027%	$239K	$157K	10x	as long as short
Lighter KAITO	+0.1216%	1h	0.3460	+0.517%	$88K	$90K	5x	as long as short
01 Exchange KAITOUSD	+0.1224%	1h	0.3486	+1.296%	$6K	$2K	3x	as long as short