Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0751%/8h= −82.2% APRpaid last 24h −0.157%

Price spread now: Bitget against Kraken Futures+0.035%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$269as in the Funding arb table

Net, price: spread back to 7d avg − costs−$194as in the Price arb table

costs, in and out, $10k−$2012.009% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.682%−$68 on $10k

Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.035%, 7d avg −0.036%

Together, before fees−0.778%−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.071% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.036%): +$7 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.682% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KAITOUSD	0.3494	0.0851	pay 0.0106% / 1h	58m 14s	$241K	$157K	10x
Short	Bitget KAITOUSDT	0.3495	0.0100	get 0.0050% / 4h	3h 58m	$4.3M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$157.64
Price spread: +0.035% → −0.036%: $7.09
Slippage, 4 orders: −$178.95
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$351.5
Costs to cover: 2.009%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 14 min ago; Bitget: live order book, 10 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, 14 min ago	7.20 bp	91.9 bp −$92	12066.4 bp −$120.7K	doesn't fit	doesn't fit
Sell Bitget live order book, 10 min ago	1.44 bp	17.0 bp −$17	50.6 bp −$506	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
Injective KAITO/USDC PERP	−0.0015%	1h	0.3476	−0.509%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.539%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0075%	4h	0.3491	−0.080%	$545K	$62K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3493	−0.029%	$117K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3494	+0.006%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3494	+0.003%	$10.6M	$15.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3495	+0.035%	$4.5M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3492	−0.051%	$4.2M	$10.1M	50x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3492	−0.051%	$3.4M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3495	+0.035%	$1.4M	$166K	30x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KAITOUSDTshort	+0.0100%	4h	0.3495	+0.035%	$4.3M	$3.0M	75x
BingX KAITO-USDT	+0.0100%	4h	0.3494	+0.006%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3490	−0.106%	$19K	$164K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3490	−0.108%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3488	−0.178%	$235K	$2.9M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3489	−0.137%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3493	−0.025%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3494	−0.006%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3495	+0.031%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3491	−0.079%	$242K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0116%	4h	0.3488	−0.160%	$17K	$323K	5x	as long as short
Polymarket Perps KAITO-USD	+0.0186%	1h	0.3496	+0.069%	$11K	$4.1M	5x	as long as short
Kraken Futures PF_KAITOUSDlong	+0.0851%	1h	0.3494	long leg	$241K	$157K	10x
Gate KAITO_USDT	+0.0904%	4h	0.3496	+0.063%	$699K	$1.7M	75x	as long as short
Hyperliquid KAITO	+0.0950%	1h	0.3500	+0.180%	$2.0M	$766K	5x	as long as short
Lighter KAITO	+0.1640%	1h	0.3506	+0.358%	$84K	$74K	5x	as long as short
01 Exchange KAITOUSD	+0.8392%	1h	0.3580	+2.462%	$6K	$2K	3x	as long as short