Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1068%/8h= +116.9% APRpaid last 24h +0.108%

Price spread now: Lighter against GRVT+0.277%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

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

Together, before fees—+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Lighter is 0.277% dearer against GRVT than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.1% 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	GRVT KAITO_USDT_Perp	0.3462	0.0100	pay 0.0050% / 4h	1h 31m	$241K	$3.1M	10x
Short	Lighter KAITO	0.3472	0.1168	get 0.0146% / 1h	31m 19s	$83K	$82K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now +0.277%Rate

Funding earned: $224.28
Price spread: +0.277% → 0.000%: $27.73
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $243.01
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 2 min ago; Lighter: 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 GRVT live order book, 2 min ago	4.33 bp	12.7 bp −$13	145.2 bp −$1,452	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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
Kraken Futures PF_KAITOUSD	−0.0433%	1h	0.3458	−0.124%	$237K	$159K	10x	as long as short
Injective KAITO/USDC PERP	−0.0055%	1h	0.3446	−0.462%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.653%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3459	−0.083%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3461	−0.029%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3458	−0.116%	$10.4M	$15.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3460	−0.058%	$4.3M	$6.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3454	−0.231%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3460	−0.058%	$674K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3459	−0.087%	$3.3M	$1.0M	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	0.3461	−0.029%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3462	0.000%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3460	−0.058%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3457	−0.147%	$18K	$168K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3465	+0.075%	$43K	$234K	—	as long as short
GRVT KAITO_USDT_Perplong	+0.0100%	4h	0.3462	long leg	$241K	$3.1M	10x
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3462	0.000%	$30K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3461	−0.040%	$15K	$4.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3458	−0.130%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3460	−0.051%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3460	−0.046%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3457	−0.141%	$240K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0106%	4h	0.3461	−0.033%	$17K	$322K	5x	as long as short
BloFin KAITO-USDT	+0.0145%	4h	0.3461	−0.029%	$535K	$59K	75x	as long as short
01 Exchange KAITOUSD	+0.0248%	1h	0.3459	−0.078%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0743%	1h	0.3466	+0.116%	$2.0M	$739K	5x	as long as short
Lighter KAITOshort	+0.1168%	1h	0.3472	+0.277%	$83K	$82K	5x