Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h +0.017%

Price spread now: Orderly against Backpack−0.045%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.045% cheaper against Backpack than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 8.2 days of funding at the current rate (+$1 a day). 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	0.3517	0.0081	pay 0.0010% / 1h	16m 17s	$20K	$160K	10x
Short	Orderly PERP_KAITO_USDC_mythos	0.3515	0.0100	get 0.0050% / 4h	1h 16m	$3K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.045%Rate

Funding earned: $3.9
Price spread: −0.045% → 0.000%: −$4.55
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.65
Costs to cover: 0.160%
Break-even: 36.9 days

Slippage unknown: Backpack: live order book, 47 min ago; Orderly: 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, 47 min ago	0.43 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 PERP	−0.0368%	1h	0.3516	−0.014%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.157%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0041%	4h	0.3512	−0.128%	$472K	$66K	75x	as long as short
Backpack KAITO_USDC_PERPlong	+0.0081%	1h	0.3517	long leg	$20K	$160K	10x
Pacifica KAITO	+0.0100%	1h	0.3514	−0.071%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3515	−0.034%	$10.7M	$16.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3519	+0.071%	$4.6M	$7.2M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3512	−0.128%	$4.3M	$10.5M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3517	+0.014%	$684K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3514	−0.071%	$3.4M	$1.0M	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	0.3517	+0.014%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3517	+0.014%	$4.5M	$3.3M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3517	+0.014%	—	$6.7M	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3519	+0.064%	$236K	$2.7M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3522	+0.156%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3517	+0.023%	$15K	$4.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythosshort	+0.0100%	4h	0.3515	−0.045%	$3K	$2K	10x
Extended KAITO-USD	+0.0104%	1h	0.3516	−0.012%	$79K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3514	−0.070%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0118%	4h	0.3519	+0.065%	$18K	$324K	5x	as long as short
Aster KAITOUSDT	+0.0119%	4h	0.3516	−0.025%	$120K	$48K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0131%	8h	0.3517	+0.025%	$4K	$604	10x	as long as short
Variational Omni KAITO	+0.0144%	4h	0.3524	+0.209%	$44K	$228K	—	as long as short
Kraken Futures PF_KAITOUSD	+0.0696%	1h	0.3517	+0.025%	$246K	$152K	10x	as long as short
Hyperliquid KAITO	+0.0906%	1h	0.3523	+0.173%	$2.1M	$788K	5x	as long as short
Lighter KAITO	+0.1544%	1h	0.3530	+0.378%	$87K	$94K	5x	as long as short
01 Exchange KAITOUSD	+0.7880%	1h	0.3580	+1.809%	$6K	$2K	3x	as long as short