Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h +0.146%

Price spread now: MEXC against Injective+0.402%55s7-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 MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.774%−$77 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 MEXC is 0.402% dearer against Injective than usual: you sell high and buy low: +$40 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 −0.774%, so the current rate has only just turned in your favour. The two prices were read 55 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	0.3486	−0.0015	get 0.0002% / 1h	6m 27s	$7K	$52K	12x
Short	MEXC KAITO_USDT	0.3500	0.0100	get 0.0050% / 4h	3h 06m	$3.3M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.402%Rate

Funding earned: $24.13
Price spread: +0.402% → 0.000%: $40.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $64.27
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 6 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 MEXC live order book, 6 min ago	1.43 bp	2.8 bp −$3	8.8 bp −$88	64.7 bp −$6,467	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
Injective KAITO/USDC PERPlong	−0.0015%	1h	0.3486	long leg	$7K	$52K	12x
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.321%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0087%	4h	0.3506	+0.574%	$554K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3501	+0.427%	$119K	$35K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3502	+0.459%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3499	+0.377%	$10.7M	$15.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3501	+0.430%	$4.4M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3496	+0.287%	$4.2M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3501	+0.430%	$698K	$1.7M	75x	as long as short
MEXC KAITO_USDTshort	+0.0100%	4h	0.3500	+0.402%	$3.3M	$1.0M	50x

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	+0.459%	$1.4M	$165K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3501	+0.430%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3500	+0.402%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3504	+0.511%	$18K	$161K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3502	+0.471%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3508	+0.633%	$236K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3506	+0.574%	$30K	$256K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3501	+0.442%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3499	+0.362%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3500	+0.412%	$243K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0109%	8h	0.3498	+0.340%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0118%	4h	0.3504	+0.522%	$17K	$322K	5x	as long as short
Polymarket Perps KAITO-USD	+0.0160%	1h	0.3501	+0.419%	$19K	$4.1M	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0848%	1h	0.3506	+0.573%	$243K	$156K	10x	as long as short
Hyperliquid KAITO	+0.1121%	1h	0.3504	+0.525%	$2.1M	$760K	5x	as long as short
Lighter KAITO	+0.1800%	1h	0.3516	+0.863%	$90K	$90K	5x	as long as short
01 Exchange KAITOUSD	+0.2800%	1h	0.3499	+0.370%	$6K	$2K	3x	as long as short