Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0411%/8h= −45.0% APRpaid last 24h +0.141%

Price spread now: Kraken Futures against BloFin+0.124%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1821.816% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.775%+$78 on $10k

Price spread, last 3 days (all we have)−0.214%−$21 · spread now +0.124%, 7d avg −0.002%

Together, before fees+0.561%+$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.126% dearer against BloFin than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of −0.002%): +$13 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 24 hours. Mind the row above: over the last 7 days funding on this pair paid +0.775%, 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	0.3442	0.0154	pay 0.0077% / 4h	2h 00m	$537K	$59K	75x
Short	Kraken Futures PF_KAITOUSD	0.3446	−0.0257	pay 0.0032% / 1h	0m 30s	$235K	$158K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$86.32
Price spread: +0.124% → −0.002%: $12.58
Slippage, 4 orders: −$159.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$255.36
Costs to cover: 1.816%
Break-even: never at this rate

Slippage from BloFin: live order book, 20 min ago; Kraken Futures: live order book, 22 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, 20 min ago	2.89 bp	19.9 bp −$20	37.5 bp −$375	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 22 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	0.3446	+0.124%	$235K	$158K	10x
Injective KAITO/USDC PERP	−0.0057%	1h	0.3458	+0.465%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.084%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3441	−0.030%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3442	0.000%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3441	−0.029%	$10.4M	$15.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3445	+0.087%	$4.3M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3439	−0.087%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3442	0.000%	$669K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3441	−0.029%	$3.3M	$1.1M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3443	+0.029%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3447	+0.145%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3441	−0.029%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3441	−0.029%	$18K	$168K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3442	−0.004%	$43K	$236K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3441	−0.029%	$230K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3439	−0.087%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3444	+0.049%	$11K	$4.0M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3440	−0.061%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3443	+0.023%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3443	+0.033%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3440	−0.045%	$239K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0105%	4h	0.3440	−0.048%	$17K	$322K	5x	as long as short
BloFin KAITO-USDTlong	+0.0154%	4h	0.3442	long leg	$537K	$59K	75x
01 Exchange KAITOUSD	+0.0184%	1h	0.3442	−0.012%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0673%	1h	0.3449	+0.192%	$2.0M	$745K	5x	as long as short
Lighter KAITO	+0.1152%	1h	0.3454	+0.337%	$82K	$82K	5x	as long as short