Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.156%

Price spread now: Paradex against Injective−0.597%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.597% cheaper against Injective than usual: you would sell low and buy high (spread −0.597% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$60 on $10k: about 19 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective KAITO/USDC PERP	0.3544	0.0009	pay 0.0001% / 1h	29m 58s	$7K	$52K	12x
Short	Paradex KAITO-USD-PERP	0.3523	0.0112	get 0.0112% / 8h	3h 29m	$4K	$604	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.597%Rate

Funding earned: $21.66
Price spread: −0.597% → 0.000%: −$59.73
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$42.09
Costs to cover: 0.040%
Break-even: 20.6 days

Slippage unknown: Injective: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Injective and Paradex: 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	−0.0365%	1h	0.3527	−0.488%	$20K	$178K	10x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.899%	—	—	—	as long as short
Injective KAITO/USDC PERPlong	+0.0009%	1h	0.3544	long leg	$7K	$52K	12x
Kraken Futures PF_KAITOUSD	+0.0030%	1h	0.3526	−0.511%	$247K	$156K	10x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3530	−0.404%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3531	−0.362%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3527	−0.477%	$10.8M	$16.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3528	−0.451%	$4.4M	$7.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3523	−0.593%	$4.3M	$10.7M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3526	−0.508%	$668K	$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	0.3527	−0.480%	$3.2M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3529	−0.423%	$1.4M	$168K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3529	−0.423%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3529	−0.423%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3535	−0.257%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3531	−0.355%	$244K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3529	−0.423%	$30K	$260K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3529	−0.415%	$21K	$4.5M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3528	−0.440%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3525	−0.537%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3529	−0.423%	$245K	—	3x	as long as short
Paradex KAITO-USD-PERPshort	+0.0112%	8h	0.3523	−0.597%	$4K	$604	10x
edgeX KAITOUSDC	+0.0118%	4h	0.3529	−0.437%	$17K	$326K	5x	as long as short
BloFin KAITO-USDT	+0.0128%	4h	0.3535	−0.254%	$562K	$68K	75x	as long as short
Hyperliquid KAITO	+0.0657%	1h	0.3531	−0.356%	$2.1M	$825K	5x	as long as short
Lighter KAITO	+0.1184%	1h	0.3539	−0.127%	$88K	$101K	5x	as long as short
01 Exchange KAITOUSD	+0.5112%	1h	0.3600	+1.583%	$6K	$2K	3x	as long as short