KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0732%/8h= −80.2% APRnext payment −$0.92 per $10,000 · paid last 24h −0.114%

Price spread now: ApeX Omni against Hyperliquid−0.810%105s7-day average −0.124% · you buy dearer than you sell

Net, funding: paid 7d − costs−$442as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4304.296% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 4 days (all we have)+0.880%+$88 · spread now −0.810%, 7d avg −0.124%

Together, before fees+0.760%+ Points / potential airdropHyperliquid: Season 2 · farm board+$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and ApeX Omni is 0.686% cheaper against Hyperliquid than usual: you would sell low and buy high (−$69 if the spread goes back to its 7-day average of −0.124%). Swap the legs. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 per $10,000. 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	Hyperliquid KAITO	0.3504	0.0832	pay 0.0104% / 1h	27m 34s	$2.1M	$816K	5x
Short	ApeX Omni KAITOUSDT	0.3476	0.0100	get 0.0013% / 1h	27m 34s	$28K	$258K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.810%Rate

Funding earned: −$153.81
Price spread: −0.810% → −0.124%: −$68.64
Slippage, 4 orders: −$410.64
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$652.1
Costs to cover: 4.296%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; ApeX Omni: live order book, 29 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 Hyperliquid live order book, 3 min ago	1.42 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 29 min ago	7.18 bp	175.1 bp −$175	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
Backpack KAITO_USDC_PERP	−0.0442%	1h	0.3497	−0.220%	$18K	$175K	10x	as long as short
Injective KAITO/USDC PERP	−0.0154%	1h	0.3458	−1.324%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.826%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3500	−0.113%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3501	−0.085%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3500	−0.134%	$10.6M	$16.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3501	−0.097%	$4.3M	$7.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3499	−0.154%	$4.3M	$10.8M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3501	−0.097%	$667K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3499	−0.154%	$3.4M	$1.1M	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	0.3502	−0.068%	$1.4M	$170K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3501	−0.097%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3499	−0.154%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3500	−0.115%	$44K	$228K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3499	−0.161%	$239K	$2.6M	10x	as long as short
ApeX Omni KAITOUSDTshort	+0.0100%	1h	0.3476	−0.810%	$28K	$258K	50x
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3502	−0.068%	$21K	$4.4M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3503	−0.051%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3501	−0.093%	$78K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3502	−0.058%	$243K	—	3x	as long as short
edgeX KAITOUSDC	+0.0113%	4h	0.3497	−0.208%	$17K	$325K	5x	as long as short
BloFin KAITO-USDT	+0.0117%	4h	0.3509	+0.131%	$552K	$67K	75x	as long as short
Paradex KAITO-USD-PERP	+0.0122%	8h	0.3502	−0.057%	$4K	$604	10x	as long as short
Kraken Futures PF_KAITOUSD	+0.0399%	1h	0.3503	−0.048%	$247K	$156K	10x	as long as short
01 Exchange KAITOUSD	+0.0648%	1h	0.3499	−0.154%	$6K	$2K	3x	as long as short
Hyperliquid KAITOlong	+0.0832%	1h	0.3504	long leg	$2.1M	$816K	5x
Lighter KAITO	+0.1072%	1h	0.3512	+0.220%	$86K	$92K	5x	as long as short