Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX−0.085%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.085%, 7d avg −0.026%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.060% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KAITO-USDT	0.3513	0.0100	pay 0.0050% / 4h	2h 23m	—	$6.7M	—
Short	MEXC KAITO_USDT	0.3510	0.0100	get 0.0050% / 4h	2h 23m	$3.3M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.026%: −$5.98
Slippage, 4 orders: −$22.69
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$38.67
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; MEXC: live order book, 4 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, 9 min ago	4.29 bp	12.2 bp −$12	23.4 bp −$234	227.5 bp −$22.7K	644.6 bp −$322.3K
Sell MEXC live order book, 4 min ago	1.42 bp	3.3 bp −$3	9.4 bp −$94	87.5 bp −$8,746	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	−0.0400%	1h	0.3508	−0.139%	$20K	$174K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3474	−1.110%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.061%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3513	−0.014%	$117K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3513	0.000%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3512	−0.042%	$10.7M	$16.3M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3515	+0.057%	$4.5M	$7.1M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3511	−0.057%	$4.3M	$10.3M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3513	0.000%	$684K	$1.7M	75x	as long as short
MEXC KAITO_USDTshort	+0.0100%	4h	0.3510	−0.085%	$3.3M	$1.0M	50x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3512	−0.028%	$1.4M	$163K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3519	+0.171%	$4.4M	$3.2M	75x	as long as short
BingX KAITO-USDTlong	+0.0100%	4h	0.3513	long leg	—	$6.7M	—
Variational Omni KAITO	+0.0100%	4h	0.3518	+0.140%	$44K	$229K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3512	−0.021%	$240K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3514	+0.028%	$30K	$256K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3512	−0.043%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3515	+0.045%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3512	−0.038%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0105%	4h	0.3511	−0.055%	$17K	$323K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0119%	8h	0.3512	−0.031%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0136%	1h	0.3514	+0.040%	$17K	$4.2M	5x	as long as short
Hyperliquid KAITO	+0.0959%	1h	0.3517	+0.120%	$2.1M	$784K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0967%	1h	0.3511	−0.051%	$244K	$147K	10x	as long as short
Lighter KAITO	+0.1440%	1h	0.3526	+0.364%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.6680%	1h	0.3580	+1.910%	$6K	$2K	3x	as long as short