Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h −0.014%

Price spread now: GRVT against Backpack+0.355%85s7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as 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−$610.607% of the position

Long on Backpack Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.358%−$36 on $10k

Price spread, last 4 days (all we have)+0.721%+$72 · spread now +0.355%, 7d avg −0.023%

Together, before fees+0.363%+ Points / potential airdropGRVT: Active · farm board+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GRVT is 0.378% dearer against Backpack than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of −0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.358%, so the current rate has only just turned in your favour. The two prices were read 85 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	0.3432	−0.0042	get 0.0005% / 1h	52m 09s	$18K	$173K	10x
Short	GRVT KAITO_USDT_Perp	0.3444	0.0100	get 0.0050% / 4h	2h 52m	$238K	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.355%Rate

Funding earned: $29.81
Price spread: +0.355% → −0.023%: $37.76
Slippage, 4 orders: −$41.71
Fee Backpack: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $6.86
Costs to cover: 0.607%
Break-even: 5.4 days

Slippage from Backpack: live order book, 36 min ago; GRVT: live order book, 2 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, 36 min ago	0.14 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	5.82 bp	21.4 bp −$21	109.3 bp −$1,093	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
Kraken Futures PF_KAITOUSD	−0.0258%	1h	0.3429	−0.091%	$234K	$160K	10x	as long as short
Injective KAITO/USDC PERP	−0.0057%	1h	0.3442	+0.286%	$7K	$52K	12x	as long as short
Backpack KAITO_USDC_PERPlong	−0.0042%	1h	0.3432	long leg	$18K	$173K	10x
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−1.801%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3434	+0.067%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3435	+0.082%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3433	+0.034%	$10.4M	$15.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3436	+0.111%	$4.2M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3433	+0.023%	$4.0M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3436	+0.111%	$666K	$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	0.3433	+0.023%	$3.2M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3434	+0.052%	$1.4M	$183K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3436	+0.111%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3434	+0.052%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3443	+0.329%	$43K	$237K	—	as long as short
GRVT KAITO_USDT_Perpshort	+0.0100%	4h	0.3444	+0.355%	$238K	$3.2M	10x
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3441	+0.256%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3435	+0.079%	$9K	$3.8M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3434	+0.058%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3436	+0.116%	$61K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3433	+0.034%	$238K	$1K	3x	as long as short
Paradex KAITO-USD-PERP	+0.0105%	8h	0.3434	+0.066%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0110%	4h	0.3444	+0.348%	$17K	$320K	5x	as long as short
BloFin KAITO-USDT	+0.0134%	4h	0.3440	+0.227%	$539K	$59K	75x	as long as short
01 Exchange KAITOUSD	+0.0344%	1h	0.3432	+0.003%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0626%	1h	0.3441	+0.245%	$2.0M	$739K	5x	as long as short
Lighter KAITO	+0.0888%	1h	0.3446	+0.408%	$82K	$82K	5x	as long as short