Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0750%/8h= −82.1% APRpaid last 24h −0.157%

Price spread now: Bybit against Kraken Futures−0.062%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$276as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2072.069% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.695%−$69 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now −0.062%, 7d avg +0.041%

Together, before fees−0.588%−$59 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Bybit is 0.103% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KAITOUSD	0.3498	0.0850	pay 0.0106% / 1h	56m 23s	$241K	$157K	10x
Short	Bybit KAITOUSDT	0.3496	0.0100	get 0.0050% / 4h	3h 56m	$4.4M	$6.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$157.42
Price spread: −0.062% → +0.041%: −$10.34
Slippage, 4 orders: −$185.93
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$374.68
Costs to cover: 2.069%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 16 min ago; Bybit: live order book, 2 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, 16 min ago	7.20 bp	91.9 bp −$92	12066.4 bp −$120.7K	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.43 bp	16.2 bp −$16	70.4 bp −$704	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	−0.634%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.659%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0055%	4h	0.3499	+0.023%	$546K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3495	−0.089%	$117K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3498	−0.019%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3493	−0.148%	$10.6M	$15.8M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3496	−0.062%	$4.4M	$6.8M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3490	−0.234%	$4.2M	$10.1M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3497	−0.034%	$701K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3493	−0.148%	$3.4M	$1.0M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3495	−0.091%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3496	−0.062%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3498	−0.005%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3499	+0.038%	$18K	$164K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3490	−0.233%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3488	−0.303%	$235K	$2.9M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3489	−0.262%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3499	+0.032%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3494	−0.133%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3495	−0.081%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3497	−0.047%	$243K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0110%	4h	0.3491	−0.208%	$17K	$321K	5x	as long as short
Polymarket Perps KAITO-USD	+0.0170%	1h	0.3496	−0.071%	$12K	$4.1M	5x	as long as short
Kraken Futures PF_KAITOUSDlong	+0.0850%	1h	0.3498	long leg	$241K	$157K	10x
Hyperliquid KAITO	+0.0922%	1h	0.3500	+0.049%	$2.0M	$768K	5x	as long as short
Lighter KAITO	+0.1496%	1h	0.3509	+0.301%	$81K	$77K	5x	as long as short
01 Exchange KAITOUSD	+0.8296%	1h	0.3580	+2.333%	$6K	$2K	3x	as long as short