Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0537%/8h= +58.8% APRpaid last 24h +0.006%

Price spread now: Variational Omni against Backpack+0.444%7-day average +0.055% · you sell dearer than you buy

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

Long on Backpack Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.433%−$43 · spread now +0.444%, 7d avg +0.055%

Together, before fees−0.454%+ Points / potential airdropVariational Omni: Active · farm board−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Variational Omni is 0.389% dearer against Backpack than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.055%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.021% in total (about -2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack KAITO_USDC_PERP	0.3437	−0.0437	get 0.0055% / 1h	54m 28s	$18K	$170K	10x
Short	Variational Omni KAITO	0.3452	0.0100	get 0.0050% / 4h	2h 54m	$43K	$230K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.444%Rate

Funding earned: $112.76
Price spread: +0.444% → +0.055%: $38.89
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $141.65
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Backpack: live order book, 14 min ago; Variational Omni: RFQ quote, 14 min ago. 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, 14 min ago	1.43 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 14 min ago	7.13 bp	doesn't fit	75.6 bp −$756	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	−0.0437%	1h	0.3437	long leg	$18K	$170K	10x
Injective KAITO/USDC PERP	−0.0064%	1h	0.3466	+0.853%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−1.933%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3439	+0.075%	$115K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3442	+0.154%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3434	−0.079%	$10.4M	$16.1M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3437	+0.009%	$4.3M	$6.9M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3436	−0.020%	$4.1M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3440	+0.096%	$675K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3439	+0.067%	$3.3M	$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	0.3441	+0.125%	$1.4M	$165K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3439	+0.067%	$4.2M	$3.1M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3440	+0.096%	—	$6.7M	—	as long as short
Variational Omni KAITOshort	+0.0100%	4h	0.3452	+0.444%	$43K	$230K	—
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3466	+0.853%	$237K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3463	+0.765%	$30K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3438	+0.052%	$17K	$4.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3437	0.000%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3439	+0.080%	$77K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3437	+0.020%	$239K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0111%	8h	0.3439	+0.063%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0116%	4h	0.3465	+0.819%	$17K	$322K	5x	as long as short
BloFin KAITO-USDT	+0.0139%	4h	0.3437	+0.009%	$551K	$60K	75x	as long as short
Hyperliquid KAITO	+0.0928%	1h	0.3441	+0.134%	$2.0M	$774K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0987%	1h	0.3440	+0.095%	$238K	$157K	10x	as long as short
Lighter KAITO	+0.1224%	1h	0.3456	+0.564%	$88K	$90K	5x	as long as short
01 Exchange KAITOUSD	+0.1264%	1h	0.3434	−0.090%	$6K	$2K	3x	as long as short