Funding you earn now, next payment 00:00 UTC−0.0110%/8h= −12.1% APRnext payment −$0.14 per $10,000 · paid last 24h −0.139%
Price spread now: Injective against Backpack+0.322%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.363%+$36 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Injective is 0.322% dearer against Backpack than usual: you sell high and buy low (spread +0.322% now, against zero (this spread has no 7-day history yet)): +$32 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.363%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack KAITO_USDC_PERP | 0.3474 | 0.0100 | pay 0.0013% / 1h | 30m 14s | $19K | $164K | 10x |
| Short | Injective KAITO/USDC PERP | 0.3485 | −0.0010 | pay 0.0001% / 1h | 30m 14s | $7K | $52K | 12x |
Backpack KAITO_USDC_PERP
Injective KAITO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$23.15
- Price spread: +0.322% → 0.000%
- $32.24
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$0.93
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Backpack: live order book, 48 min ago; Injective: no order-book sample. Net counts fees only.
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, 48 min ago | 0.72 bp | 9.2 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 PERPshort | −0.0010% | 1h | 0.3485 | +0.322% | $7K | $52K | 12x | |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −2.982% | — | — | — | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3475 | +0.026% | $116K | $34K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3476 | +0.063% | $18K | $12K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3473 | −0.023% | $10.5M | $15.7M | 75x | as long as short |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3477 | +0.092% | $4.4M | $6.8M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3473 | −0.023% | $4.2M | $10.0M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3476 | +0.063% | $678K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3473 | −0.023% | $3.3M | $1.0M | 50x | as long as short |
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3478 | +0.121% | $1.4M | $166K | 30x | as long as short |
Reya KAITORUSDPERP
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
Bybit KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDT
MEXC KAITO_USDT
KuCoin KAITOUSDTMShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3479 | +0.150% | $4.3M | $3.0M | 75x | as long as short |
| BingX KAITO-USDC | +0.0100% | 4h | 0.3475 | +0.035% | — | $6.5M | — | as long as short |
| Backpack KAITO_USDC_PERPlong | +0.0100% | 1h | 0.3474 | long leg | $19K | $164K | 10x | |
| Variational Omni KAITO | +0.0100% | 4h | 0.3479 | +0.153% | $44K | $230K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3477 | +0.099% | $235K | $3.0M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3477 | +0.092% | $30K | $257K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3476 | +0.055% | $11K | $4.2M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3475 | +0.026% | $3K | $2K | 10x | as long as short |
| Paradex KAITO-USD-PERP | +0.0101% | 8h | 0.3474 | +0.011% | $4K | $604 | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3474 | +0.017% | $62K | $41K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3474 | +0.006% | $241K | $1K | 3x | as long as short |
| edgeX KAITOUSDC | +0.0114% | 4h | 0.3476 | +0.070% | $17K | $323K | 5x | as long as short |
| BloFin KAITO-USDT | +0.0122% | 4h | 0.3479 | +0.150% | $546K | $62K | 75x | as long as short |
| Hyperliquid KAITO | +0.0920% | 1h | 0.3481 | +0.207% | $2.0M | $760K | 5x | as long as short |
| Kraken Futures PF_KAITOUSD | +0.1006% | 1h | 0.3476 | +0.057% | $240K | $156K | 10x | as long as short |
| Lighter KAITO | +0.1472% | 1h | 0.3490 | +0.455% | $83K | $82K | 5x | as long as short |
| 01 Exchange KAITOUSD | +0.8728% | 1h | 0.3569 | +2.755% | $6K | $2K | 3x | as long as short |
Bitget KAITOUSDT
BingX KAITO-USDC
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Paradex KAITO-USD-PERP
Extended KAITO-USD
Aevo KAITO-PERP
edgeX KAITOUSDC
BloFin KAITO-USDT
Hyperliquid KAITO
Kraken Futures PF_KAITOUSD
Lighter KAITO
01 Exchange KAITOUSD