Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0800%/8h= −87.6% APRpaid last 24h −0.094%

Price spread now: Gate against Hyperliquid−0.091%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$730.734% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.091%, 7d avg −0.035%

Together, before fees−0.057%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Gate is 0.056% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.131% in total (about -6.9% 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	0.3514	0.0900	pay 0.0113% / 1h	10m 01s	$2.1M	$786K	5x
Short	Gate KAITO_USDT	0.3511	0.0100	get 0.0050% / 4h	2h 10m	$682K	$1.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.091%Rate

Funding earned: −$168.02
Price spread: −0.091% → −0.035%: −$5.63
Slippage, 4 orders: −$49.44
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$247.08
Costs to cover: 0.734%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 1 min ago; Gate: live order book, 3 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, 1 min ago	0.71 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.84 bp	22.2 bp −$22	68.8 bp −$688	doesn't fit	doesn't fit

KAITO on 26 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	−0.0404%	1h	0.3506	−0.222%	$20K	$175K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3508	−0.176%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.096%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3512	−0.053%	$117K	$39K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3517	+0.077%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3507	−0.202%	$10.7M	$16.4M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3511	−0.091%	$4.5M	$7.2M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3505	−0.262%	$4.3M	$10.4M	50x	as long as short
Gate KAITO_USDTshort	+0.0100%	4h	0.3511	−0.091%	$682K	$1.7M	75x
MEXC KAITO_USDT	+0.0100%	4h	0.3506	−0.233%	$3.3M	$1.1M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3514	−0.006%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3513	−0.034%	$4.5M	$3.3M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3511	−0.091%	—	$6.8M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3526	+0.332%	$44K	$229K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3513	−0.038%	$240K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3514	−0.006%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3510	−0.111%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3509	−0.159%	$79K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3507	−0.194%	$243K	—	3x	as long as short
edgeX KAITOUSDC	+0.0112%	4h	0.3508	−0.164%	$17K	$325K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0119%	8h	0.3515	+0.028%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0140%	1h	0.3515	+0.023%	$16K	$4.2M	5x	as long as short
Hyperliquid KAITOlong	+0.0900%	1h	0.3514	long leg	$2.1M	$786K	5x
Kraken Futures PF_KAITOUSD	+0.0967%	1h	0.3511	−0.089%	$244K	$149K	10x	as long as short
Lighter KAITO	+0.1416%	1h	0.3523	+0.250%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.6888%	1h	0.3580	+1.875%	$6K	$2K	3x	as long as short