KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0870%/8h= +95.3% APRnext payment +$1.09 per $10,000 · paid last 24h −0.088%

Price spread now: Hyperliquid against Kraken Futures+0.226%50s7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$240as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1751.751% of the position

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.644%−$64 on $10k

Price spread, last 3 days (all we have)−0.126%−$13 · spread now +0.226%, 7d avg +0.093%

Together, before fees−0.770%+ Points / potential airdropHyperliquid: Season 2 · farm board−$77 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Hyperliquid is 0.133% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.093%. Mind the row above: over the last 7 days funding on this pair cost −0.644%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KAITOUSD	0.3456	−0.0256	get 0.0032% / 1h	30m 27s	$236K	$160K	10x
Short	Hyperliquid KAITO	0.3463	0.0614	get 0.0077% / 1h	30m 27s	$2.0M	$741K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.226%Rate

Funding earned: $182.76
Price spread: +0.226% → +0.093%: $13.27
Slippage, 4 orders: −$156.14
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $20.9
Costs to cover: 1.751%
Break-even: 6.2 days

Slippage from Kraken Futures: live order book, 57 min ago; Hyperliquid: 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, 57 min ago	4.33 bp	82.1 bp −$82	11883.0 bp −$118.8K	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.59 bp	15.8 bp −$16	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	−0.0256%	1h	0.3456	long leg	$236K	$160K	10x
Injective KAITO/USDC PERP	−0.0057%	1h	0.3458	+0.067%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.472%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0096%	4h	0.3455	−0.020%	$539K	$60K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3458	+0.056%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3459	+0.082%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3457	+0.031%	$10.4M	$15.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3459	+0.095%	$4.3M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3454	−0.049%	$4.1M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3459	+0.095%	$671K	$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	0.3456	+0.009%	$3.3M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3460	+0.124%	$1.4M	$183K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3460	+0.124%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3457	+0.038%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3456	+0.014%	$18K	$168K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3458	+0.078%	$43K	$237K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3455	−0.021%	$242K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3457	+0.038%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3459	+0.095%	$9K	$4.0M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3458	+0.055%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0103%	8h	0.3458	+0.073%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3458	+0.070%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3457	+0.038%	$240K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0119%	4h	0.3457	+0.032%	$17K	$322K	5x	as long as short
01 Exchange KAITOUSD	+0.0240%	1h	0.3458	+0.052%	$6K	$2K	3x	as long as short
Hyperliquid KAITOshort	+0.0614%	1h	0.3463	+0.226%	$2.0M	$741K	5x
Lighter KAITO	+0.1008%	1h	0.3469	+0.373%	$82K	$82K	5x	as long as short