Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against Bybit−4.222%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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 4.222% cheaper against Bybit than usual: you would sell low and buy high (−$422 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KAITOUSDT	0.3519	0.0100	pay 0.0050% / 4h	1h 58m	$4.4M	$8.0M	75x
Short	Reya KAITORUSDPERP	0.3370	0	get 0.0000% / 1h	58m 07s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −4.222%Rate

Funding earned: −$21
Price spread: −4.222% → 0.000%: −$422.22
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: −$460.22
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Reya: 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, 5 min ago	1.42 bp	18.9 bp −$19	87.3 bp −$873	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 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
Reya KAITORUSDPERPshort	0.0000%	1h	0.3370	−4.222%	—	—	—
BloFin KAITO-USDT	+0.0044%	4h	0.3510	−0.256%	$555K	$68K	75x	as long as short
Injective KAITO/USDC PERP	+0.0044%	1h	0.3517	−0.057%	$7K	$52K	12x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3515	−0.127%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3517	−0.057%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3516	−0.085%	$10.7M	$17.2M	75x	as long as short
Bybit KAITOUSDTlong	+0.0100%	4h	0.3519	long leg	$4.4M	$8.0M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3513	−0.171%	$4.3M	$11.1M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3516	−0.085%	$661K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3516	−0.085%	$3.0M	$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	0.3517	−0.057%	$1.4M	$172K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3519	0.000%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3517	−0.057%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3515	−0.114%	$20K	$185K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3513	−0.161%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3514	−0.138%	$239K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3514	−0.142%	$29K	$260K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3519	+0.014%	$15K	$4.6M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3515	−0.108%	$3K	$2K	10x	as long as short
edgeX KAITOUSDC	+0.0103%	4h	0.3513	−0.160%	$18K	$327K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3515	−0.100%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3515	−0.099%	$244K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0114%	8h	0.3516	−0.092%	$4K	$604	10x	as long as short
Hyperliquid KAITO	+0.0692%	1h	0.3519	0.000%	$2.1M	$865K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0807%	1h	0.3513	−0.161%	$246K	$155K	10x	as long as short
Lighter KAITO	+0.1568%	1h	0.3531	+0.347%	$87K	$101K	5x	as long as short
01 Exchange KAITOUSD	+0.7640%	1h	0.3611	+2.623%	$6K	$1K	3x	as long as short