Funding you earn now, next payment 03:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h −0.015%
Price spread now: Backpack against edgeX−0.065%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$500.501% of the position
Funding, last 7 days+0.348%+$35 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.065%, 7d avg +0.019%
=Together, before fees+0.272%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Backpack is 0.084% cheaper against edgeX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.348%, 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 | edgeX KAITOUSDC | 0.3519 | 0.0118 | pay 0.0059% / 4h | 1h 16m | $18K | $324K | 5x |
| Short | Backpack KAITO_USDC_PERP | 0.3517 | 0.0081 | get 0.0010% / 1h | 16m 26s | $20K | $160K | 10x |
edgeX KAITOUSDC
Backpack KAITO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.74
- Price spread: −0.065% → +0.019%
- −$8.37
- Slippage, 4 orders
- −$31.14
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$66.24
- Costs to cover
- 0.501%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 47 min ago; Backpack: live order book, 47 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 edgeX live order book, 47 min ago | 4.26 bp | 13.0 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 47 min ago | 0.43 bp | 10.8 bp −$11 | doesn't fit | 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 | −0.079% | $7K | $52K | 12x | as long as short |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −4.219% | — | — | — | as long as short |
| BloFin KAITO-USDT | +0.0041% | 4h | 0.3512 | −0.192% | $472K | $66K | 75x | as long as short |
| Backpack KAITO_USDC_PERPshort | +0.0081% | 1h | 0.3517 | −0.065% | $20K | $160K | 10x | |
| Pacifica KAITO | +0.0100% | 1h | 0.3514 | −0.136% | $18K | $15K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3516 | −0.082% | $10.7M | $16.6M | 75x | as long as short |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3520 | +0.035% | $4.6M | $7.2M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3513 | −0.164% | $4.3M | $10.5M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3517 | −0.050% | $684K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3515 | −0.107% | $3.4M | $1.0M | 50x | as long as short |
Injective KAITO/USDC PERP
Reya KAITORUSDPERP
BloFin KAITO-USDT
Pacifica KAITO
Binance KAITOUSDT
Bybit KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDT
MEXC KAITO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3517 | −0.050% | $1.4M | $166K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3517 | −0.050% | $4.5M | $3.3M | 75x | as long as short |
| BingX KAITO-USDC | +0.0100% | 4h | 0.3517 | −0.050% | — | $6.5M | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3519 | −0.001% | $236K | $2.7M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3522 | +0.092% | $30K | $257K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3517 | −0.042% | $15K | $4.1M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3515 | −0.110% | $3K | $2K | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3517 | −0.048% | $79K | $54K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3514 | −0.134% | $244K | — | 3x | as long as short |
| edgeX KAITOUSDClong | +0.0118% | 4h | 0.3519 | long leg | $18K | $324K | 5x | |
| Aster KAITOUSDT | +0.0119% | 4h | 0.3516 | −0.084% | $120K | $48K | 10x | as long as short |
| Paradex KAITO-USD-PERP | +0.0131% | 8h | 0.3517 | −0.040% | $4K | $604 | 10x | as long as short |
| Variational Omni KAITO | +0.0144% | 4h | 0.3524 | +0.144% | $44K | $228K | — | as long as short |
| Kraken Futures PF_KAITOUSD | +0.0697% | 1h | 0.3516 | −0.090% | $246K | $152K | 10x | as long as short |
| Hyperliquid KAITO | +0.0906% | 1h | 0.3523 | +0.109% | $2.1M | $788K | 5x | as long as short |
| Lighter KAITO | +0.1552% | 1h | 0.3530 | +0.325% | $87K | $94K | 5x | as long as short |
| 01 Exchange KAITOUSD | +0.7880% | 1h | 0.3580 | +1.743% | $6K | $2K | 3x | as long as short |
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDC
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Extended KAITO-USD
Aevo KAITO-PERP
Aster KAITOUSDT
Paradex KAITO-USD-PERP
Variational Omni KAITO
Kraken Futures PF_KAITOUSD
Hyperliquid KAITO
Lighter KAITO
01 Exchange KAITOUSD