Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: Backpack against BingX+0.032%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$490.485% of the position
Funding, last 7 days+0.324%+$32 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.032%, 7d avg −0.028%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.059% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KAITO-USDT | 0.3459 | 0.0100 | pay 0.0050% / 4h | 1h 55m | — | $6.7M | — |
| Short | Backpack KAITO_USDC_PERP | 0.3460 | 0.0100 | get 0.0013% / 1h | 55m 07s | $18K | $168K | 10x |
BingX KAITO-USDT
Backpack KAITO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. 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
- $0
- Price spread: +0.032% → −0.028%
- $5.94
- Slippage, 4 orders
- −$28.52
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$42.59
- Costs to cover
- 0.485%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; Backpack: live order book, 28 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 BingX live order book, 12 min ago | 4.36 bp | 15.4 bp −$15 | 25.1 bp −$251 | 185.0 bp −$18.5K | 691.6 bp −$345.8K |
| Sell Backpack live order book, 28 min ago | 0.43 bp | 9.8 bp −$10 | 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 | −0.0433% | 1h | 0.3462 | +0.079% | $237K | $159K | 10x | as long as short |
| Injective KAITO/USDC PERP | −0.0055% | 1h | 0.3446 | −0.376% | $7K | $52K | 12x | as long as short |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −2.564% | — | — | — | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3458 | −0.033% | $116K | $34K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3461 | +0.047% | $18K | $12K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3460 | +0.029% | $10.4M | $15.6M | 75x | as long as short |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3462 | +0.087% | $4.3M | $6.6M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3459 | 0.000% | $4.1M | $9.9M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3458 | −0.029% | $672K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3458 | −0.029% | $3.3M | $1.0M | 50x | as long as short |
Kraken Futures PF_KAITOUSD
Injective KAITO/USDC PERP
Reya KAITORUSDPERP
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
Bybit KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDT
MEXC KAITO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3453 | −0.173% | $1.4M | $167K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3466 | +0.202% | $4.2M | $2.9M | 75x | as long as short |
| BingX KAITO-USDTlong | +0.0100% | 4h | 0.3459 | long leg | — | $6.7M | — | |
| Backpack KAITO_USDC_PERPshort | +0.0100% | 1h | 0.3460 | +0.032% | $18K | $168K | 10x | |
| Variational Omni KAITO | +0.0100% | 4h | 0.3453 | −0.182% | $43K | $236K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3443 | −0.464% | $230K | $3.2M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3444 | −0.434% | $29K | $256K | 50x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3457 | −0.055% | $3K | $2K | 10x | as long as short |
| Paradex KAITO-USD-PERP | +0.0101% | 8h | 0.3460 | +0.021% | $4K | $604 | 10x | as long as short |
| edgeX KAITOUSDC | +0.0103% | 4h | 0.3442 | −0.492% | $17K | $319K | 5x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3460 | +0.027% | $62K | $41K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3458 | −0.017% | $240K | $1K | 3x | as long as short |
| Polymarket Perps KAITO-USD | +0.0121% | 1h | 0.3461 | +0.052% | $11K | $4.0M | 5x | as long as short |
| BloFin KAITO-USDT | +0.0158% | 4h | 0.3460 | +0.029% | $537K | $59K | 75x | as long as short |
| 01 Exchange KAITOUSD | +0.0248% | 1h | 0.3459 | +0.009% | $6K | $2K | 3x | as long as short |
| Hyperliquid KAITO | +0.0855% | 1h | 0.3467 | +0.237% | $2.0M | $745K | 5x | as long as short |
| Lighter KAITO | +0.1080% | 1h | 0.3469 | +0.292% | $83K | $82K | 5x | as long as short |
KuCoin KAITOUSDTM
Bitget KAITOUSDT
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Orderly PERP_KAITO_USDC_mythos
Paradex KAITO-USD-PERP
edgeX KAITOUSDC
Extended KAITO-USD
Aevo KAITO-PERP
Polymarket Perps KAITO-USD
BloFin KAITO-USDT
01 Exchange KAITOUSD
Hyperliquid KAITO
Lighter KAITO