Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0751%/8h= +82.2% APRpaid last 24h +0.157%

Price spread now: Kraken Futures against Bitget−0.157%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$220as in the Price arb table

costs, in and out, $10k−$2012.009% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.682%+$68 on $10k

Price spread, last 3 days (all we have)+0.218%+$22 · spread now −0.157%, 7d avg +0.036%

Together, before fees+0.901%+$90 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.194% cheaper against Bitget than usual: you would sell low and buy high (spread −0.157% now, against its 7-day average of +0.036%). If the spread goes back, that is −$19 on $10k: about 21 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.682% in total) that is about 48 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KAITOUSDT	0.3498	0.0100	pay 0.0050% / 4h	3h 59m	$4.3M	$3.0M	75x
Short	Kraken Futures PF_KAITOUSD	0.3492	0.0851	get 0.0106% / 1h	59m 17s	$241K	$157K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.157%Rate

Funding earned: $157.71
Price spread: −0.157% → +0.036%: −$19.35
Slippage, 4 orders: −$178.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$62.59
Costs to cover: 2.009%
Break-even: 9.8 days

Slippage from Bitget: live order book, 9 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 Bitget live order book, 9 min ago	1.44 bp	13.9 bp −$14	38.5 bp −$385	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 13 min ago	7.20 bp	78.2 bp −$78	184.9 bp −$1,849	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
Injective KAITO/USDC PERP	−0.0015%	1h	0.3476	−0.629%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.654%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3491	−0.192%	$117K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3491	−0.200%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3492	−0.172%	$10.6M	$15.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3495	−0.086%	$4.5M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3490	−0.229%	$4.2M	$10.1M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3495	−0.086%	$698K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3492	−0.172%	$3.4M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3494	−0.114%	$1.4M	$166K	30x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KAITOUSDTlong	+0.0100%	4h	0.3498	long leg	$4.3M	$3.0M	75x
BingX KAITO-USDC	+0.0100%	4h	0.3493	−0.143%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3489	−0.246%	$19K	$164K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3490	−0.228%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3488	−0.298%	$235K	$2.9M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3489	−0.257%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3492	−0.172%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3490	−0.229%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3494	−0.120%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3492	−0.184%	$242K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0116%	4h	0.3488	−0.280%	$17K	$323K	5x	as long as short
BloFin KAITO-USDT	+0.0135%	4h	0.3487	−0.314%	$546K	$62K	75x	as long as short
Polymarket Perps KAITO-USD	+0.0345%	1h	0.3495	−0.080%	$10K	$4.1M	5x	as long as short
Kraken Futures PF_KAITOUSDshort	+0.0851%	1h	0.3492	−0.157%	$241K	$157K	10x
Hyperliquid KAITO	+0.0869%	1h	0.3498	+0.011%	$2.0M	$766K	5x	as long as short
Lighter KAITO	+0.1488%	1h	0.3498	−0.011%	$84K	$74K	5x	as long as short
01 Exchange KAITOUSD	+0.8440%	1h	0.3578	+2.278%	$6K	$2K	3x	as long as short