Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0447%/8h= −48.9% APRpaid last 24h −0.024%

Price spread now: Backpack against BloFin+0.003%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on BloFin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.363%+$36 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.003%, 7d avg −0.016%

Together, before fees+0.348%+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.363%, 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	BloFin KAITO-USDT	0.3512	0.0067	pay 0.0033% / 4h	3h 10m	$560K	$67K	75x
Short	Backpack KAITO_USDC_PERP	0.3512	−0.0380	pay 0.0048% / 1h	10m 29s	$19K	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against BloFin. 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 BloFinbpFee BackpackbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$93.87
Price spread: +0.003% → −0.016%: $1.87
Slippage, 4 orders: −$32.73
Fee BloFin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$146.73
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from BloFin: live order book, 21 min ago; Backpack: live order book, 43 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 BloFin live order book, 21 min ago	4.25 bp	12.9 bp −$13	22.4 bp −$224	doesn't fit	doesn't fit
Sell Backpack live order book, 43 min ago	0.85 bp	15.1 bp −$15	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
Backpack KAITO_USDC_PERPshort	−0.0380%	1h	0.3512	+0.003%	$19K	$179K	10x
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.035%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0009%	1h	0.3511	−0.028%	$7K	$52K	12x	as long as short
Kraken Futures PF_KAITOUSD	+0.0030%	1h	0.3514	+0.055%	$247K	$156K	10x	as long as short
BloFin KAITO-USDTlong	+0.0067%	4h	0.3512	long leg	$560K	$67K	75x
Aster KAITOUSDT	+0.0100%	4h	0.3513	+0.042%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3514	+0.058%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3513	+0.028%	$10.7M	$16.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3515	+0.085%	$4.4M	$7.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3510	−0.057%	$4.3M	$10.8M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KAITO_USDT	+0.0100%	4h	0.3513	+0.028%	$663K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3512	0.000%	$3.1M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3517	+0.142%	$1.4M	$168K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3518	+0.171%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3513	+0.028%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3515	+0.081%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3520	+0.228%	$250K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3520	+0.228%	$29K	$261K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3514	+0.068%	$21K	$4.6M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3515	+0.085%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3513	+0.041%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3514	+0.043%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3513	+0.040%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0119%	4h	0.3521	+0.247%	$17K	$324K	5x	as long as short
Hyperliquid KAITO	+0.0731%	1h	0.3518	+0.159%	$2.1M	$833K	5x	as long as short
Lighter KAITO	+0.1336%	1h	0.3529	+0.493%	$87K	$101K	5x	as long as short
01 Exchange KAITOUSD	+0.6264%	1h	0.3600	+2.506%	$6K	$2K	3x	as long as short