KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0530%/8h= +58.0% APRnext payment +$0.66 per $10,000 · paid last 24h −0.156%

Price spread now: Backpack against Kraken Futures−0.038%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1791.793% of the position

Long on Kraken Futures Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.368%−$37 on $10k

Price spread, last 3 days (all we have)+0.066%+$7 · spread now −0.038%, 7d avg −0.022%

Together, before fees−0.302%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.368%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.368% in total (about -19.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.66 per $10,000. 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	Kraken Futures PF_KAITOUSD	0.3486	−0.0430	get 0.0054% / 1h	9m 03s	$240K	$157K	10x
Short	Backpack KAITO_USDC_PERP	0.3485	0.0100	get 0.0013% / 1h	9m 03s	$19K	$168K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Kraken Futures. 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 Kraken FuturesbpFee BackpackbpOrdersPrice spread, now −0.038%Rate

Funding earned: $111.24
Price spread: −0.038% → −0.022%: −$1.64
Slippage, 4 orders: −$159.25
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$69.65
Costs to cover: 1.793%
Break-even: 11.4 days

Slippage from Kraken Futures: live order book, 8 min ago; Backpack: live order book, 9 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 Kraken Futures live order book, 8 min ago	5.75 bp	72.4 bp −$72	11697.4 bp −$117.0K	doesn't fit	doesn't fit
Sell Backpack live order book, 9 min ago	0.72 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit

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_KAITOUSDlong	−0.0430%	1h	0.3486	long leg	$240K	$157K	10x
Injective KAITO/USDC PERP	−0.0055%	1h	0.3461	−0.726%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.330%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0065%	4h	0.3490	+0.106%	$544K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3488	+0.051%	$117K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3485	−0.038%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3484	−0.060%	$10.5M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3487	+0.019%	$4.3M	$6.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3480	−0.181%	$4.1M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3487	+0.019%	$691K	$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	0.3486	−0.009%	$3.3M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3487	+0.019%	$1.4M	$167K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3489	+0.077%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3486	−0.009%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERPshort	+0.0100%	1h	0.3485	−0.038%	$19K	$168K	10x
Variational Omni KAITO	+0.0100%	4h	0.3488	+0.049%	$44K	$234K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3477	−0.266%	$235K	$3.1M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3479	−0.210%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3490	+0.100%	$14K	$4.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3486	+0.002%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3486	−0.010%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0103%	4h	0.3484	−0.066%	$17K	$321K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3483	−0.094%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3487	+0.007%	$242K	$1K	3x	as long as short
Hyperliquid KAITO	+0.0760%	1h	0.3493	+0.197%	$2.0M	$741K	5x	as long as short
Lighter KAITO	+0.1192%	1h	0.3497	+0.306%	$84K	$82K	5x	as long as short
01 Exchange KAITOUSD	+0.2128%	1h	0.3576	+2.561%	$6K	$2K	3x	as long as short