Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0164%/8h= −17.9% APRpaid last 24h −0.146%

Price spread now: Injective against Bybit−1.166%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.776%+$78 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Injective is 1.166% cheaper against Bybit than usual: you would sell low and buy high (−$117 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.776%, 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	Bybit KAITOUSDT	0.3515	0.0100	pay 0.0050% / 4h	2h 24m	$4.5M	$7.1M	75x
Short	Injective KAITO/USDC PERP	0.3474	−0.0064	pay 0.0008% / 1h	24m 54s	$7K	$52K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. 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 BybitbpFee InjectivebpOrdersPrice spread, now −1.166%Rate

Funding earned: −$34.34
Price spread: −1.166% → 0.000%: −$116.64
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$162
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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 Bybit live order book, 3 min ago	2.84 bp	23.2 bp −$23	75.8 bp −$758	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0398%	1h	0.3510	−0.134%	$20K	$174K	10x	as long as short
Injective KAITO/USDC PERPshort	−0.0064%	1h	0.3474	−1.166%	$7K	$52K	12x
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.115%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3513	−0.059%	$117K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3513	−0.069%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3513	−0.069%	$10.7M	$16.3M	75x	as long as short
Bybit KAITOUSDTlong	+0.0100%	4h	0.3515	long leg	$4.5M	$7.1M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3509	−0.171%	$4.3M	$10.3M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3513	−0.057%	$684K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3511	−0.114%	$3.3M	$1.0M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3511	−0.114%	$1.4M	$163K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3516	+0.028%	$4.4M	$3.2M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3513	−0.057%	—	$6.8M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3518	+0.083%	$44K	$229K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3510	−0.146%	$240K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3501	−0.398%	$30K	$256K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3514	−0.031%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3512	−0.091%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3514	−0.014%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0105%	4h	0.3511	−0.112%	$17K	$323K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0119%	8h	0.3512	−0.094%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0142%	1h	0.3516	+0.031%	$17K	$4.2M	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0967%	1h	0.3511	−0.111%	$244K	$147K	10x	as long as short
Hyperliquid KAITO	+0.0969%	1h	0.3517	+0.051%	$2.1M	$786K	5x	as long as short
Lighter KAITO	+0.1416%	1h	0.3526	+0.310%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.6680%	1h	0.3580	+1.852%	$6K	$2K	3x	as long as short