Funding you earn now, next payment 22:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h +0.137%
Price spread now: Backpack against Injective−0.285%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.489%−$49 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Backpack is 0.285% cheaper against Injective than usual: you would sell low and buy high (spread −0.285% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 2 months of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.489%, so the current rate has only just turned in your favour. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective KAITO/USDC PERP | 0.3442 | −0.0057 | get 0.0007% / 1h | 51m 34s | $7K | $52K | 12x |
| Short | Backpack KAITO_USDC_PERP | 0.3432 | −0.0042 | pay 0.0005% / 1h | 51m 34s | $18K | $173K | 10x |
Injective KAITO/USDC PERP
Backpack KAITO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $3.16
- Price spread: −0.285% → 0.000%
- −$28.47
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$35.33
- Costs to cover
- 0.100%
- Break-even
- 85.3 days
Slippage unknown: Injective: no order-book sample; Backpack: live order book, 36 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 36 min ago | 0.14 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 | −0.0258% | 1h | 0.3429 | −0.376% | $234K | $160K | 10x | as long as short |
| Injective KAITO/USDC PERPlong | −0.0057% | 1h | 0.3442 | long leg | $7K | $52K | 12x | |
| Backpack KAITO_USDC_PERPshort | −0.0042% | 1h | 0.3432 | −0.285% | $18K | $173K | 10x | |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −2.081% | — | — | — | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3436 | −0.187% | $115K | $34K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3434 | −0.224% | $17K | $12K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3434 | −0.232% | $10.4M | $15.6M | 75x | as long as short |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3436 | −0.174% | $4.2M | $6.6M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3431 | −0.320% | $4.0M | $9.9M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3435 | −0.203% | $666K | $1.7M | 75x | as long as short |
Kraken Futures PF_KAITOUSD
Reya KAITORUSDPERP
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
Bybit KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3433 | −0.261% | $3.2M | $1.0M | 50x | as long as short |
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3435 | −0.203% | $1.4M | $183K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3436 | −0.174% | $4.2M | $2.9M | 75x | as long as short |
| BingX KAITO-USDT | +0.0100% | 4h | 0.3434 | −0.232% | — | $6.7M | — | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3443 | +0.043% | $43K | $237K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3444 | +0.069% | $238K | $3.2M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3441 | −0.029% | $29K | $256K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3435 | −0.206% | $9K | $3.8M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3434 | −0.227% | $3K | $2K | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3434 | −0.234% | $61K | $41K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3433 | −0.251% | $238K | $1K | 3x | as long as short |
| Paradex KAITO-USD-PERP | +0.0104% | 8h | 0.3434 | −0.233% | $4K | $604 | 10x | as long as short |
| edgeX KAITOUSDC | +0.0110% | 4h | 0.3444 | +0.062% | $17K | $320K | 5x | as long as short |
| BloFin KAITO-USDT | +0.0134% | 4h | 0.3440 | −0.058% | $539K | $59K | 75x | as long as short |
| 01 Exchange KAITOUSD | +0.0320% | 1h | 0.3433 | −0.253% | $6K | $2K | 3x | as long as short |
| Hyperliquid KAITO | +0.0626% | 1h | 0.3441 | −0.029% | $2.0M | $739K | 5x | as long as short |
| Lighter KAITO | +0.0888% | 1h | 0.3447 | +0.157% | $82K | $82K | 5x | as long as short |
MEXC KAITO_USDT
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDT
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Extended KAITO-USD
Aevo KAITO-PERP
Paradex KAITO-USD-PERP
edgeX KAITOUSDC
BloFin KAITO-USDT
01 Exchange KAITOUSD
Hyperliquid KAITO
Lighter KAITO