Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0908%/8h= +99.4% APRpaid last 24h +0.094%

Price spread now: Hyperliquid against Binance+0.183%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 7 days−0.105%−$10 · spread now +0.183%, 7d avg +0.076%

Together, before fees+0.044%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Hyperliquid is 0.107% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.076%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.8% 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	Binance KAITOUSDT	0.3499	0.0100	pay 0.0050% / 4h	2h 32m	$10.7M	$16.3M	75x
Short	Hyperliquid KAITO	0.3505	0.1008	get 0.0126% / 1h	32m 23s	$2.1M	$785K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.183%Rate

Funding earned: $190.71
Price spread: +0.183% → +0.076%: $10.7
Slippage, 4 orders: −$33.23
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $149.18
Costs to cover: 0.522%
Break-even: 1.5 days

Slippage from Binance: live order book, 8 min ago; Hyperliquid: live order book, 8 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, 8 min ago	1.45 bp	12.6 bp −$13	43.1 bp −$431	531.7 bp −$53.2K	doesn't fit
Sell Hyperliquid live order book, 8 min ago	2.60 bp	15.5 bp −$16	doesn't fit	doesn't fit	doesn't fit

KAITO on 26 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_PERP	−0.0458%	1h	0.3485	−0.389%	$19K	$177K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3474	−0.714%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.676%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3499	−0.005%	$116K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3499	0.000%	$18K	$15K	5x	as long as short
Binance KAITOUSDTlong	+0.0100%	4h	0.3499	long leg	$10.7M	$16.3M	75x
Bybit KAITOUSDT	+0.0100%	4h	0.3502	+0.086%	$4.4M	$7.1M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3496	−0.086%	$4.2M	$10.3M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3503	+0.114%	$685K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3498	−0.029%	$3.3M	$1.0M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3495	−0.114%	$1.4M	$164K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3503	+0.114%	$4.3M	$3.2M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3498	−0.029%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3483	−0.444%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3481	−0.515%	$238K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3480	−0.543%	$30K	$256K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3499	−0.011%	$3K	$2K	10x	as long as short
edgeX KAITOUSDC	+0.0103%	4h	0.3481	−0.516%	$17K	$324K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3499	+0.010%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3498	−0.014%	$243K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0122%	8h	0.3501	+0.044%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0154%	1h	0.3502	+0.097%	$15K	$4.1M	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0971%	1h	0.3498	−0.029%	$243K	$148K	10x	as long as short
Hyperliquid KAITOshort	+0.1008%	1h	0.3505	+0.183%	$2.1M	$785K	5x
Lighter KAITO	+0.1448%	1h	0.3509	+0.289%	$86K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.6520%	1h	0.3580	+2.315%	$6K	$2K	3x	as long as short