KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0705%/8h= +77.2% APRnext payment +$0.88 per $10,000 · paid last 24h +0.138%

Price spread now: Lighter against Kraken Futures+0.457%7-day average +0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs−$309as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2642.637% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.458%−$46 on $10k

Price spread, last 4 days (all we have)−0.523%−$52 · spread now +0.457%, 7d avg +0.133%

Together, before fees−0.981%+ Points / potential airdropLighter: Season 3 · farm board−$98 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Lighter is 0.324% dearer against Kraken Futures than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.133%. Mind the row above: over the last 7 days funding on this pair cost −0.458%, 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 -0.458% in total (about -23.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.88 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KAITOUSD	0.3468	−0.0313	get 0.0039% / 1h	8m 24s	$243K	$160K	10x
Short	Lighter KAITO	0.3483	0.0392	get 0.0049% / 1h	8m 24s	$91K	$109K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.457%Rate

Funding earned: $148.08
Price spread: +0.457% → +0.133%: $32.42
Slippage, 4 orders: −$253.67
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$83.17
Costs to cover: 2.637%
Break-even: 10.9 days

Slippage from Kraken Futures: live order book, 37 min ago; Lighter: live order book, 27 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, 37 min ago	5.77 bp	87.5 bp −$88	11498.5 bp −$115.0K	doesn't fit	doesn't fit
Sell Lighter live order book, 27 min ago	35.73 bp	36.3 bp −$36	104.0 bp −$1,040	doesn't fit	doesn't fit

KAITO on 27 exchanges

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	−0.0313%	1h	0.3468	long leg	$243K	$160K	10x
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.811%	—	—	—	as long as short
Hyperliquid KAITO	+0.0100%	1h	0.3477	+0.256%	$2.0M	$873K	5x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3472	+0.131%	$114K	$59K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3472	+0.114%	$18K	$7K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3473	+0.158%	$10.5M	$17.5M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3475	+0.212%	$4.6M	$9.0M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3470	+0.068%	$4.3M	$10.8M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3474	+0.183%	$649K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3472	+0.126%	$3.2M	$1.3M	50x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3473	+0.155%	$1.3M	$177K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3477	+0.270%	$4.5M	$3.7M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3472	+0.126%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3473	+0.146%	$20K	$201K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3465	−0.086%	$45K	$108K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3466	−0.036%	$238K	$2.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3464	−0.105%	$29K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3473	+0.155%	$9K	$4.8M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3472	+0.132%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3474	+0.177%	$4K	—	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3474	+0.180%	$90K	$80K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3472	+0.111%	$241K	—	3x	as long as short
BloFin KAITO-USDT	+0.0111%	4h	0.3470	+0.068%	$555K	$67K	75x	as long as short
edgeX KAITOUSDC	+0.0113%	4h	0.3462	−0.168%	$17K	$327K	5x	as long as short
Injective KAITO/USDC PERP	+0.0116%	1h	0.3473	+0.155%	$7K	$51K	12x	as long as short
Lighter KAITOshort	+0.0392%	1h	0.3483	+0.457%	$91K	$109K	5x
01 Exchange KAITOUSD	+0.8272%	1h	0.3570	+2.952%	$6K	$503	3x	as long as short