Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0787%/8h= −86.2% APRpaid last 24h −0.102%

Price spread now: edgeX against Hyperliquid+0.011%106s7-day average −0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as 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−$530.532% of the position

Long on Hyperliquid Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.011%, 7d avg −0.134%

Together, before fees−0.080%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.144% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.134%): +$14 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.141% in total) that is about 7.2 days. The two prices were read 106 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 -0.141% in total (about -7.3% 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	Hyperliquid KAITO	0.3518	0.0906	pay 0.0113% / 1h	15m 44s	$2.1M	$788K	5x
Short	edgeX KAITOUSDC	0.3519	0.0118	get 0.0059% / 4h	1h 15m	$18K	$324K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$165.33
Price spread: +0.011% → −0.134%: $14.43
Slippage, 4 orders: −$35.2
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$204.1
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; edgeX: 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 Hyperliquid live order book, 5 min ago	1.70 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 47 min ago	4.26 bp	13.0 bp −$13	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	−0.068%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.209%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0041%	4h	0.3512	−0.182%	$472K	$66K	75x	as long as short
Backpack KAITO_USDC_PERP	+0.0091%	1h	0.3514	−0.128%	$20K	$160K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3513	−0.153%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3512	−0.194%	$10.7M	$16.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3515	−0.097%	$4.6M	$7.2M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3510	−0.239%	$4.3M	$10.5M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3518	−0.011%	$684K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3512	−0.182%	$3.4M	$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	0.3517	−0.040%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3517	−0.040%	$4.5M	$3.3M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3514	−0.125%	—	$6.7M	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3519	+0.009%	$236K	$2.7M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3522	+0.102%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3517	−0.031%	$15K	$4.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3515	−0.099%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3513	−0.166%	$79K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3514	−0.124%	$244K	—	3x	as long as short
Aster KAITOUSDT	+0.0117%	4h	0.3516	−0.065%	$120K	$48K	10x	as long as short
edgeX KAITOUSDCshort	+0.0118%	4h	0.3519	+0.011%	$18K	$324K	5x
Paradex KAITO-USD-PERP	+0.0131%	8h	0.3513	−0.158%	$4K	$604	10x	as long as short
Variational Omni KAITO	+0.0145%	4h	0.3520	+0.040%	$44K	$228K	—	as long as short
Kraken Futures PF_KAITOUSD	+0.0696%	1h	0.3517	−0.029%	$246K	$152K	10x	as long as short
Hyperliquid KAITOlong	+0.0906%	1h	0.3518	long leg	$2.1M	$788K	5x
Lighter KAITO	+0.1544%	1h	0.3526	+0.225%	$87K	$94K	5x	as long as short
01 Exchange KAITOUSD	+0.7880%	1h	0.3580	+1.754%	$6K	$2K	3x	as long as short