KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0560%/8h= +61.4% APRnext payment +$0.70 per $10,000 · paid last 24h +0.198%

Price spread now: Kraken Futures against Backpack−0.096%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1741.743% of the position

Long on Backpack Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.427%+$43 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.096%, 7d avg +0.025%

Together, before fees+0.491%+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.121% cheaper against Backpack than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.025%). If the spread goes back, that is −$12 on $10k: about 17 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.427% in total) that is about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack KAITO_USDC_PERP	0.3538	0.0100	pay 0.0013% / 1h	42m 11s	$20K	$192K	10x
Short	Kraken Futures PF_KAITOUSD	0.3535	0.0660	get 0.0083% / 1h	42m 11s	$248K	$158K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.096%Rate

Funding earned: $117.67
Price spread: −0.096% → +0.025%: −$12.13
Slippage, 4 orders: −$154.27
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$68.74
Costs to cover: 1.743%
Break-even: 11.1 days

Slippage from Backpack: live order book, 61 min ago; Kraken Futures: live order book, 60 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, 61 min ago	1.14 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 60 min ago	8.58 bp	53.7 bp −$54	162.0 bp −$1,620	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
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.750%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0068%	1h	0.3512	−0.746%	$7K	$52K	12x	as long as short
BloFin KAITO-USDT	+0.0078%	4h	0.3538	−0.011%	$559K	$68K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3540	+0.041%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3542	+0.098%	$19K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3540	+0.041%	$10.8M	$17.4M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3543	+0.130%	$4.6M	$8.2M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3537	−0.040%	$4.3M	$11.2M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3538	−0.011%	$662K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3539	+0.017%	$3.0M	$1.2M	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	0.3539	+0.017%	$1.4M	$162K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3543	+0.130%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3539	+0.017%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERPlong	+0.0100%	1h	0.3538	long leg	$20K	$192K	10x
Variational Omni KAITO	+0.0100%	4h	0.3521	−0.497%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3522	−0.450%	$250K	$2.4M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3520	−0.520%	$29K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3544	+0.158%	$12K	$4.9M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3542	+0.105%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3541	+0.068%	$81K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3542	+0.091%	$246K	—	3x	as long as short
edgeX KAITOUSDC	+0.0105%	4h	0.3523	−0.427%	$17K	$328K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0113%	8h	0.3544	+0.147%	$4K	$604	10x	as long as short
Hyperliquid KAITO	+0.0276%	1h	0.3542	+0.099%	$2.1M	$872K	5x	as long as short
Kraken Futures PF_KAITOUSDshort	+0.0660%	1h	0.3535	−0.096%	$248K	$158K	10x
Lighter KAITO	+0.0872%	1h	0.3557	+0.523%	$87K	$102K	5x	as long as short
01 Exchange KAITOUSD	+0.5488%	1h	0.3540	+0.045%	$6K	$988	3x	as long as short