Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.155%

Price spread now: Binance against Injective+0.087%87s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.895%−$90 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.087% dearer against Injective than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.895%, so the current rate has only just turned in your favour. The two prices were read 87 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	0.3511	0.0009	pay 0.0001% / 1h	7m 50s	$7K	$52K	12x
Short	Binance KAITOUSDT	0.3514	0.0100	get 0.0050% / 4h	3h 07m	$10.7M	$16.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now +0.087%Rate

Funding earned: $19.11
Price spread: +0.087% → 0.000%: $8.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: $17.78
Costs to cover: 0.100%
Break-even: 0.5 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 3 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 Binance live order book, 3 min ago	1.42 bp	12.2 bp −$12	36.3 bp −$363	324.3 bp −$32.4K	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
Backpack KAITO_USDC_PERP	−0.0397%	1h	0.3513	+0.063%	$19K	$180K	10x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.007%	—	—	—	as long as short
Injective KAITO/USDC PERPlong	+0.0009%	1h	0.3511	long leg	$7K	$52K	12x
Kraken Futures PF_KAITOUSD	+0.0030%	1h	0.3511	+0.009%	$247K	$156K	10x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3513	+0.048%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3515	+0.121%	$18K	$14K	5x	as long as short
Binance KAITOUSDTshort	+0.0100%	4h	0.3514	+0.087%	$10.7M	$16.9M	75x
Bybit KAITOUSDT	+0.0100%	4h	0.3516	+0.142%	$4.4M	$7.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3513	+0.057%	$4.3M	$10.8M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3512	+0.028%	$663K	$1.7M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KAITO_USDT	+0.0100%	4h	0.3513	+0.057%	$3.1M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3516	+0.142%	$1.4M	$177K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3520	+0.256%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3513	+0.057%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3515	+0.110%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3520	+0.256%	$250K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3520	+0.256%	$29K	$261K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3514	+0.094%	$23K	$4.6M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3512	+0.034%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3515	+0.101%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3516	+0.151%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3512	+0.028%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0119%	4h	0.3521	+0.276%	$17K	$324K	5x	as long as short
BloFin KAITO-USDT	+0.0143%	4h	0.3510	−0.028%	$559K	$67K	75x	as long as short
Hyperliquid KAITO	+0.0743%	1h	0.3521	+0.291%	$2.1M	$832K	5x	as long as short
Lighter KAITO	+0.1336%	1h	0.3531	+0.575%	$87K	$101K	5x	as long as short
01 Exchange KAITOUSD	+0.6352%	1h	0.3600	+2.538%	$6K	$2K	3x	as long as short