Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0562%/8h= −61.6% APRpaid last 24h −0.176%

Price spread now: Binance against Kraken Futures+0.137%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1761.758% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.777%−$78 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.137%, 7d avg −0.013%

Together, before fees−0.946%−$95 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.150% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of −0.013%): +$15 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KAITOUSD	0.3524	0.0662	pay 0.0083% / 1h	38m 03s	$248K	$159K	10x
Short	Binance KAITOUSDT	0.3529	0.0100	get 0.0050% / 4h	38m 03s	$10.8M	$17.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.137%Rate

Funding earned: −$118.11
Price spread: +0.137% → −0.013%: $14.98
Slippage, 4 orders: −$155.85
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$278.97
Costs to cover: 1.758%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 64 min ago; Binance: live order book, 3 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, 64 min ago	8.58 bp	97.3 bp −$97	11830.2 bp −$118.3K	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.42 bp	11.7 bp −$12	42.4 bp −$424	335.3 bp −$33.5K	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
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.355%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0068%	1h	0.3534	+0.290%	$7K	$52K	12x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3529	+0.137%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3530	+0.176%	$19K	$14K	5x	as long as short
Binance KAITOUSDTshort	+0.0100%	4h	0.3529	+0.137%	$10.8M	$17.4M	75x
Bybit KAITOUSDT	+0.0100%	4h	0.3532	+0.233%	$4.6M	$8.3M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3526	+0.063%	$4.3M	$11.2M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3528	+0.119%	$660K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3525	+0.034%	$3.0M	$1.2M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3529	+0.148%	$1.4M	$162K	30x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KAITOUSDT	+0.0100%	4h	0.3531	+0.205%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3527	+0.091%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3525	+0.048%	$20K	$192K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3541	+0.497%	$45K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3536	+0.346%	$251K	$2.4M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3537	+0.375%	$30K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3529	+0.162%	$20K	$4.9M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3528	+0.122%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3529	+0.143%	$81K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3530	+0.189%	$245K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0111%	8h	0.3531	+0.219%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0119%	4h	0.3537	+0.385%	$17K	$326K	5x	as long as short
BloFin KAITO-USDT	+0.0153%	4h	0.3523	−0.022%	$551K	$67K	75x	as long as short
Hyperliquid KAITO	+0.0259%	1h	0.3530	+0.179%	$2.1M	$872K	5x	as long as short
Kraken Futures PF_KAITOUSDlong	+0.0662%	1h	0.3524	long leg	$248K	$159K	10x
Lighter KAITO	+0.0832%	1h	0.3543	+0.542%	$87K	$102K	5x	as long as short
01 Exchange KAITOUSD	+0.4544%	1h	0.3530	+0.179%	$6K	$988	3x	as long as short