Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0357%/8h= −39.1% APRpaid last 24h +0.143%

Price spread now: Kraken Futures against Binance+0.136%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1761.763% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.764%+$76 on $10k

Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.136%, 7d avg +0.012%

Together, before fees+0.676%+$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.125% dearer against Binance than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.012%): +$12 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 28 hours. Mind the row above: over the last 7 days funding on this pair paid +0.764%, 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	0.3444	0.0100	pay 0.0050% / 4h	2h 09m	$10.4M	$15.7M	75x
Short	Kraken Futures PF_KAITOUSD	0.3449	−0.0257	pay 0.0032% / 1h	9m 28s	$236K	$159K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.136%Rate

Funding earned: −$74.93
Price spread: +0.136% → +0.012%: $12.48
Slippage, 4 orders: −$156.26
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$238.71
Costs to cover: 1.763%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; Kraken Futures: live order book, 13 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	1.44 bp	10.9 bp −$11	33.7 bp −$337	527.7 bp −$52.8K	doesn't fit
Sell Kraken Futures live order book, 13 min ago	5.77 bp	55.3 bp −$55	164.1 bp −$1,641	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_KAITOUSDshort	−0.0257%	1h	0.3449	+0.136%	$236K	$159K	10x
Injective KAITO/USDC PERP	−0.0057%	1h	0.3458	+0.395%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.153%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0075%	4h	0.3443	−0.041%	$540K	$59K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3447	+0.076%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3446	+0.056%	$17K	$12K	5x	as long as short
Binance KAITOUSDTlong	+0.0100%	4h	0.3444	long leg	$10.4M	$15.7M	75x
Bybit KAITOUSDT	+0.0100%	4h	0.3448	+0.105%	$4.3M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3443	−0.041%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3447	+0.076%	$670K	$1.7M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KAITO_USDT	+0.0100%	4h	0.3444	−0.012%	$3.3M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3447	+0.076%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3448	+0.105%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3445	+0.017%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3444	−0.023%	$18K	$168K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3447	+0.088%	$43K	$236K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3448	+0.105%	$230K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3445	+0.017%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3446	+0.052%	$13K	$4.0M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3446	+0.035%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3445	+0.026%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3446	+0.053%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3447	+0.072%	$239K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0119%	4h	0.3445	+0.004%	$17K	$320K	5x	as long as short
01 Exchange KAITOUSD	+0.0200%	1h	0.3444	−0.023%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0653%	1h	0.3450	+0.166%	$2.0M	$743K	5x	as long as short
Lighter KAITO	+0.1144%	1h	0.3460	+0.447%	$83K	$82K	5x	as long as short