Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0506%/8h= +55.4% APRpaid last 24h +0.051%

Price spread now: Hyperliquid against edgeX−0.013%7-day average +0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now −0.013%, 7d avg +0.132%

Together, before fees+0.040%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.144% cheaper against edgeX than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.132%). If the spread goes back, that is −$14 on $10k: about 23 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.099% in total) that is about 10 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX KAITOUSDC	0.3444	0.0110	pay 0.0055% / 4h	2h 52m	$17K	$320K	5x
Short	Hyperliquid KAITO	0.3444	0.0616	get 0.0077% / 1h	52m 51s	$2.0M	$739K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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 edgeXbpFee HyperliquidbpOrdersPrice spread, now −0.013%Rate

Funding earned: $106.17
Price spread: −0.013% → +0.132%: −$14.44
Slippage, 4 orders: −$32.63
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $41.11
Costs to cover: 0.506%
Break-even: 4.3 days

Slippage from edgeX: live order book, 35 min ago; Hyperliquid: live order book, 8 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, 35 min ago	4.34 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	1.74 bp	15.6 bp −$16	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
Kraken Futures PF_KAITOUSD	−0.0258%	1h	0.3436	−0.235%	$235K	$160K	10x	as long as short
Injective KAITO/USDC PERP	−0.0057%	1h	0.3442	−0.062%	$7K	$52K	12x	as long as short
Backpack KAITO_USDC_PERP	−0.0044%	1h	0.3436	−0.227%	$18K	$173K	10x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.141%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3439	−0.161%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3436	−0.227%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3435	−0.265%	$10.4M	$15.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3437	−0.207%	$4.2M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3434	−0.294%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3439	−0.149%	$667K	$1.7M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KAITO_USDT	+0.0100%	4h	0.3436	−0.236%	$3.2M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3438	−0.178%	$1.4M	$183K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3439	−0.149%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3436	−0.236%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3443	−0.019%	$43K	$237K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3444	+0.007%	$238K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3441	−0.091%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3441	−0.094%	$16K	$3.8M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3438	−0.184%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3437	−0.202%	$61K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3439	−0.142%	$239K	$1K	3x	as long as short
Paradex KAITO-USD-PERP	+0.0105%	8h	0.3440	−0.134%	$4K	$604	10x	as long as short
edgeX KAITOUSDClong	+0.0110%	4h	0.3444	long leg	$17K	$320K	5x
BloFin KAITO-USDT	+0.0134%	4h	0.3440	−0.120%	$539K	$59K	75x	as long as short
01 Exchange KAITOUSD	+0.0352%	1h	0.3440	−0.132%	$6K	$2K	3x	as long as short
Hyperliquid KAITOshort	+0.0616%	1h	0.3444	−0.013%	$2.0M	$739K	5x
Lighter KAITO	+0.0912%	1h	0.3450	+0.182%	$82K	$82K	5x	as long as short