Funding you earn now, next payment 22:00 UTC−0.0221%/8h= −24.1% APRpaid last 24h −0.006%
Price spread now: Backpack against Binance−0.038%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$460.462% of the position
Funding, last 7 days+0.383%+$38 on $10k
+Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.038%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Backpack is 0.031% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.383%, 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 | Binance KAITOUSDT | 0.3446 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $10.4M | $15.6M | 75x |
| Short | Backpack KAITO_USDC_PERP | 0.3445 | −0.0121 | pay 0.0015% / 1h | 55m 08s | $18K | $173K | 10x |
Binance KAITOUSDT
Backpack KAITO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- −$46.31
- Price spread: −0.038% → −0.007%
- −$3.1
- Slippage, 4 orders
- −$26.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$95.63
- Costs to cover
- 0.462%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; Backpack: live order book, 33 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 Binance live order book, 16 min ago | 1.45 bp | 11.9 bp −$12 | 35.8 bp −$358 | 520.6 bp −$52.1K | doesn't fit |
| Sell Backpack live order book, 33 min ago | 0.14 bp | 11.0 bp −$11 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_KAITOUSD | −0.0257% | 1h | 0.3444 | −0.064% | $235K | $160K | 10x | as long as short |
| Backpack KAITO_USDC_PERPshort | −0.0121% | 1h | 0.3445 | −0.038% | $18K | $173K | 10x | |
| Injective KAITO/USDC PERP | −0.0057% | 1h | 0.3442 | −0.125% | $7K | $52K | 12x | as long as short |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −2.202% | — | — | — | as long as short |
| BloFin KAITO-USDT | +0.0040% | 4h | 0.3442 | −0.125% | $538K | $59K | 75x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3443 | −0.099% | $115K | $34K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3440 | −0.190% | $17K | $12K | 5x | as long as short |
| Binance KAITOUSDTlong | +0.0100% | 4h | 0.3446 | long leg | $10.4M | $15.6M | 75x | |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3448 | +0.049% | $4.2M | $6.6M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3443 | −0.096% | $4.1M | $9.9M | 50x | as long as short |
Kraken Futures PF_KAITOUSD
Injective KAITO/USDC PERP
Reya KAITORUSDPERP
BloFin KAITO-USDT
Aster KAITOUSDT
Pacifica KAITO
Bybit KAITOUSDT
OKX KAITO-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate KAITO_USDT | +0.0100% | 4h | 0.3441 | −0.154% | $667K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3445 | −0.038% | $3.3M | $1.0M | 50x | as long as short |
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3445 | −0.038% | $1.4M | $184K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3446 | −0.009% | $4.2M | $2.9M | 75x | as long as short |
| BingX KAITO-USDT | +0.0100% | 4h | 0.3444 | −0.067% | — | $6.7M | — | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3443 | −0.082% | $43K | $237K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3441 | −0.153% | $237K | $3.2M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3441 | −0.154% | $29K | $256K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3448 | +0.038% | $11K | $3.8M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3444 | −0.055% | $3K | $2K | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3447 | +0.024% | $62K | $41K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3447 | +0.010% | $239K | $1K | 3x | as long as short |
| Paradex KAITO-USD-PERP | +0.0105% | 8h | 0.3443 | −0.091% | $4K | $604 | 10x | as long as short |
| edgeX KAITOUSDC | +0.0106% | 4h | 0.3441 | −0.167% | $17K | $319K | 5x | as long as short |
| 01 Exchange KAITOUSD | +0.0288% | 1h | 0.3444 | −0.073% | $6K | $2K | 3x | as long as short |
| Hyperliquid KAITO | +0.0604% | 1h | 0.3452 | +0.177% | $2.0M | $745K | 5x | as long as short |
| Lighter KAITO | +0.0904% | 1h | 0.3457 | +0.302% | $82K | $82K | 5x | as long as short |
Gate KAITO_USDT
MEXC KAITO_USDT
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDT
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Extended KAITO-USD
Aevo KAITO-PERP
Paradex KAITO-USD-PERP
edgeX KAITOUSDC
01 Exchange KAITOUSD
Hyperliquid KAITO
Lighter KAITO