Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit−0.371%7-day average −0.009% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.786%+$79 · spread now −0.371%, 7d avg −0.009%

Together, before fees+0.786%+ Points / potential airdropVariational Omni: Active · farm board+$79 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.362% cheaper against Bybit than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KAITOUSDT	0.3512	0.0100	pay 0.0050% / 4h	2h 26m	$4.5M	$7.1M	75x
Short	Variational Omni KAITO	0.3499	0.0100	get 0.0050% / 4h	2h 26m	$44K	$230K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.371%Rate

Funding earned: $0
Price spread: −0.371% → −0.009%: −$36.25
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$47.25
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 42 min ago. 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, 1 min ago	2.84 bp	23.2 bp −$23	75.8 bp −$758	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 42 min ago	7.13 bp	doesn't fit	75.6 bp −$756	doesn't fit	doesn't fit

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	0.3508	−0.100%	$20K	$174K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3474	−1.082%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.034%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3509	−0.096%	$116K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3512	−0.001%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3510	−0.057%	$10.7M	$16.3M	75x	as long as short
Bybit KAITOUSDTlong	+0.0100%	4h	0.3512	long leg	$4.5M	$7.1M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3509	−0.085%	$4.3M	$10.3M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3512	0.000%	$684K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3510	−0.057%	$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	−0.028%	$1.4M	$163K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3515	+0.085%	$4.4M	$3.2M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3509	−0.085%	—	$6.7M	—	as long as short
Variational Omni KAITOshort	+0.0100%	4h	0.3499	−0.371%	$44K	$230K	—
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3498	−0.389%	$239K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3501	−0.313%	$30K	$256K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3512	−0.011%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3512	−0.012%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3510	−0.044%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0113%	4h	0.3500	−0.354%	$17K	$322K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0119%	8h	0.3511	−0.026%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0145%	1h	0.3515	+0.077%	$17K	$4.2M	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0968%	1h	0.3510	−0.044%	$244K	$147K	10x	as long as short
Hyperliquid KAITO	+0.0980%	1h	0.3516	+0.103%	$2.1M	$786K	5x	as long as short
Lighter KAITO	+0.1408%	1h	0.3522	+0.271%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.6680%	1h	0.3580	+1.936%	$6K	$2K	3x	as long as short