Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0366%/8h= +40.1% APRpaid last 24h +0.025%

Price spread now: OKX against Backpack+0.348%46s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as 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−$490.492% of the position

Long on Backpack Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.415%−$42 on $10k

Price spread, last 4 days (all we have)−0.298%−$30 · spread now +0.348%, 7d avg +0.007%

Together, before fees−0.713%−$71 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and OKX is 0.341% dearer against Backpack than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.415%, so the current rate has only just turned in your favour. The two prices were read 46 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	0.3478	−0.0266	get 0.0033% / 1h	22m 23s	$20K	$186K	10x
Short	OKX KAITO-USDT-SWAP	0.3490	0.0100	get 0.0050% / 4h	2h 22m	$4.2M	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.348%Rate

Funding earned: $76.88
Price spread: +0.348% → +0.007%: $34.1
Slippage, 4 orders: −$29.21
Fee Backpack: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $61.76
Costs to cover: 0.492%
Break-even: 1.4 days

Slippage from Backpack: live order book, 26 min ago; OKX: live order book, 6 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, 26 min ago	0.99 bp	11.5 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	1.44 bp	14.0 bp −$14	42.4 bp −$424	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	−0.0266%	1h	0.3478	long leg	$20K	$186K	10x
Injective KAITO/USDC PERP	−0.0060%	1h	0.3470	−0.227%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.092%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3489	+0.319%	$117K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3485	+0.194%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3490	+0.348%	$10.6M	$17.1M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3492	+0.405%	$4.3M	$8.0M	75x	as long as short
OKX KAITO-USDT-SWAPshort	+0.0100%	4h	0.3490	+0.348%	$4.2M	$10.9M	50x
Gate KAITO_USDT	+0.0100%	4h	0.3487	+0.262%	$655K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3488	+0.290%	$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	0.3485	+0.204%	$1.4M	$179K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3487	+0.262%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3487	+0.262%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3465	−0.373%	$43K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3477	−0.033%	$247K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3466	−0.342%	$29K	$261K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3491	+0.382%	$19K	$4.6M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3491	+0.377%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3486	+0.235%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3477	−0.040%	$241K	—	3x	as long as short
edgeX KAITOUSDC	+0.0106%	4h	0.3465	−0.363%	$17K	$325K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0109%	8h	0.3484	+0.162%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0142%	4h	0.3476	−0.055%	$556K	$67K	75x	as long as short
Kraken Futures PF_KAITOUSD	+0.0388%	1h	0.3478	+0.006%	$244K	$154K	10x	as long as short
Hyperliquid KAITO	+0.0832%	1h	0.3495	+0.497%	$2.1M	$855K	5x	as long as short
Lighter KAITO	+0.1504%	1h	0.3496	+0.509%	$87K	$100K	5x	as long as short
01 Exchange KAITOUSD	+0.8296%	1h	0.3577	+2.841%	$6K	$1K	3x	as long as short