Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0471%/8h= +51.5% APRpaid last 24h +0.069%

Price spread now: Hyperliquid against GRVT+0.006%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on GRVT Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 7 days+0.099%+$10 · spread now +0.006%, 7d avg +0.082%

Together, before fees+0.188%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.076% cheaper against GRVT than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.082%). If the spread goes back, that is −$8 on $10k: about 13 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.089% in total) that is about 6.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.089% in total (about 4.6% 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	GRVT KAITO_USDT_Perp	0.3447	0.0100	pay 0.0050% / 4h	2h 56m	$231K	$3.2M	10x
Short	Hyperliquid KAITO	0.3447	0.0571	get 0.0071% / 1h	56m 58s	$2.0M	$744K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GRVT. 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 GRVTbpFee HyperliquidbpOrdersPrice spread, now +0.006%Rate

Funding earned: $98.81
Price spread: +0.006% → +0.082%: −$7.58
Slippage, 4 orders: −$46.24
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $27
Costs to cover: 0.642%
Break-even: 5.1 days

Slippage from GRVT: live order book, 2 min ago; Hyperliquid: live order book, 4 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 GRVT live order book, 2 min ago	7.26 bp	12.8 bp −$13	113.9 bp −$1,139	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 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	0.3437	−0.295%	$235K	$160K	10x	as long as short
Backpack KAITO_USDC_PERP	−0.0169%	1h	0.3439	−0.216%	$18K	$176K	10x	as long as short
Injective KAITO/USDC PERP	−0.0057%	1h	0.3452	+0.147%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.219%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3441	−0.178%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3441	−0.183%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3441	−0.172%	$10.4M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3442	−0.143%	$4.2M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3438	−0.259%	$4.1M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3441	−0.172%	$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	0.3440	−0.201%	$3.3M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3441	−0.172%	$1.4M	$184K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3446	−0.027%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3441	−0.172%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3452	+0.134%	$43K	$237K	—	as long as short
GRVT KAITO_USDT_Perplong	+0.0100%	4h	0.3447	long leg	$231K	$3.2M	10x
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3447	+0.002%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3443	−0.108%	$9K	$3.9M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3441	−0.178%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3442	−0.139%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3440	−0.188%	$239K	$1K	3x	as long as short
Paradex KAITO-USD-PERP	+0.0105%	8h	0.3439	−0.222%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0109%	4h	0.3446	−0.019%	$17K	$319K	5x	as long as short
BloFin KAITO-USDT	+0.0112%	4h	0.3443	−0.114%	$539K	$59K	75x	as long as short
01 Exchange KAITOUSD	+0.0344%	1h	0.3438	−0.256%	$6K	$2K	3x	as long as short
Hyperliquid KAITOshort	+0.0571%	1h	0.3447	+0.006%	$2.0M	$744K	5x
Lighter KAITO	+0.0752%	1h	0.3451	+0.127%	$82K	$82K	5x	as long as short