Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0556%/8h= +60.9% APRpaid last 24h +0.015%

Price spread now: edgeX against Backpack−0.318%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on Backpack Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.348%−$35 on $10k

Price spread, last 4 days (all we have)+0.417%+$42 · spread now −0.318%, 7d avg −0.015%

Together, before fees+0.069%+ Points / potential airdropedgeX: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.302% cheaper against Backpack than usual: you would sell low and buy high (spread −0.318% now, against its 7-day average of −0.015%). If the spread goes back, that is −$30 on $10k: about 43 hours of funding at the current rate (+$17 a day). Mind the row above: over the last 7 days funding on this pair cost −0.348%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.348% in total (about -18.1% a year). A funding rate is set anew for every payment. 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	0.3516	−0.0453	get 0.0057% / 1h	2m 57s	$20K	$174K	10x
Short	edgeX KAITOUSDC	0.3505	0.0103	get 0.0051% / 4h	2m 57s	$17K	$325K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.318%Rate

Funding earned: $116.76
Price spread: −0.318% → −0.015%: −$30.21
Slippage, 4 orders: −$27.99
Fee Backpack: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $39.56
Costs to cover: 0.470%
Break-even: 4.6 days

Slippage from Backpack: live order book, 55 min ago; edgeX: live order book, 55 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, 55 min ago	0.87 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 55 min ago	2.89 bp	11.8 bp −$12	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	−0.0453%	1h	0.3516	long leg	$20K	$174K	10x
Injective KAITO/USDC PERP	−0.0154%	1h	0.3501	−0.427%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.141%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3515	−0.038%	$119K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3515	−0.035%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3516	0.000%	$10.7M	$16.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3522	+0.171%	$4.3M	$7.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3515	−0.028%	$4.3M	$10.7M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3515	−0.028%	$665K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3516	0.000%	$3.3M	$1.1M	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	0.3514	−0.057%	$1.4M	$170K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3521	+0.142%	$4.5M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3517	+0.028%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3508	−0.217%	$44K	$228K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3512	−0.127%	$245K	$2.6M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3504	−0.341%	$28K	$258K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3518	+0.063%	$23K	$4.5M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3515	−0.023%	$3K	$2K	10x	as long as short
edgeX KAITOUSDCshort	+0.0103%	4h	0.3505	−0.318%	$17K	$325K	5x
Extended KAITO-USD	+0.0104%	1h	0.3517	+0.029%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3518	+0.067%	$244K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0114%	8h	0.3515	−0.018%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0117%	4h	0.3516	0.000%	$555K	$67K	75x	as long as short
Kraken Futures PF_KAITOUSD	+0.0398%	1h	0.3513	−0.071%	$247K	$156K	10x	as long as short
01 Exchange KAITOUSD	+0.0496%	1h	0.3515	−0.020%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0752%	1h	0.3521	+0.150%	$2.1M	$818K	5x	as long as short
Lighter KAITO	+0.0912%	1h	0.3525	+0.250%	$87K	$92K	5x	as long as short