Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0600%/8h= +65.7% APRpaid last 24h +0.228%

Price spread now: Kraken Futures against Bybit+0.134%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1971.965% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.726%+$73 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.134%, 7d avg −0.040%

Together, before fees+0.582%+$58 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.174% dearer against Bybit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KAITOUSDT	0.3495	0.0100	pay 0.0050% / 4h	1h 12m	$4.5M	$7.3M	75x
Short	Kraken Futures PF_KAITOUSD	0.3500	0.0700	get 0.0088% / 1h	12m 27s	$245K	$152K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.134%Rate

Funding earned: $126
Price spread: +0.134% → −0.040%: $17.42
Slippage, 4 orders: −$175.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$53.1
Costs to cover: 1.965%
Break-even: 10.0 days

Slippage from Bybit: live order book, 1 min ago; Kraken Futures: live order book, 50 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 Bybit live order book, 1 min ago	1.43 bp	24.2 bp −$24	73.7 bp −$737	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 50 min ago	5.69 bp	57.4 bp −$57	167.8 bp −$1,678	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	−0.0368%	1h	0.3516	+0.601%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.569%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0066%	4h	0.3502	+0.200%	$472K	$66K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3493	−0.058%	$120K	$48K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3493	−0.069%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3494	−0.029%	$10.6M	$16.6M	75x	as long as short
Bybit KAITOUSDTlong	+0.0100%	4h	0.3495	long leg	$4.5M	$7.3M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3494	−0.029%	$4.3M	$10.5M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3493	−0.057%	$674K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3492	−0.086%	$3.4M	$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	0.3494	−0.029%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3497	+0.057%	$4.4M	$3.3M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3492	−0.086%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3499	+0.109%	$20K	$160K	10x	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3514	+0.538%	$236K	$2.7M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3514	+0.544%	$30K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3498	+0.072%	$12K	$4.2M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3502	+0.206%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3495	−0.012%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3499	+0.129%	$243K	—	3x	as long as short
edgeX KAITOUSDC	+0.0111%	4h	0.3513	+0.521%	$17K	$324K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0129%	8h	0.3494	−0.017%	$4K	$604	10x	as long as short
Variational Omni KAITO	+0.0145%	4h	0.3520	+0.710%	$44K	$228K	—	as long as short
Kraken Futures PF_KAITOUSDshort	+0.0700%	1h	0.3500	+0.134%	$245K	$152K	10x
Hyperliquid KAITO	+0.0893%	1h	0.3501	+0.169%	$2.1M	$790K	5x	as long as short
Lighter KAITO	+0.1544%	1h	0.3509	+0.403%	$86K	$94K	5x	as long as short
01 Exchange KAITOUSD	+0.7816%	1h	0.3580	+2.432%	$6K	$2K	3x	as long as short