Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0357%/8h= +39.1% APRpaid last 24h −0.143%

Price spread now: Orderly against Kraken Futures−0.158%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.158% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.158% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 35 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KAITOUSD	0.3448	−0.0257	get 0.0032% / 1h	7m 26s	$235K	$159K	10x
Short	Orderly PERP_KAITO_USDC_mythos	0.3443	0.0100	get 0.0050% / 4h	2h 07m	$3K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.158%Rate

Funding earned: $74.94
Price spread: −0.158% → 0.000%: −$15.76
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $43.18
Costs to cover: 0.160%
Break-even: 3.0 days

Slippage unknown: Kraken Futures: live order book, 15 min ago; Orderly: no order-book sample. Net counts fees only.

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, 15 min ago	5.77 bp	94.6 bp −$95	12086.8 bp −$120.9K	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0257%	1h	0.3448	long leg	$235K	$159K	10x
Injective KAITO/USDC PERP	−0.0057%	1h	0.3458	+0.286%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.259%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0095%	4h	0.3443	−0.149%	$538K	$59K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3444	−0.124%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3444	−0.128%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3442	−0.165%	$10.4M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3444	−0.120%	$4.3M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3440	−0.236%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3444	−0.120%	$669K	$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	0.3442	−0.178%	$3.3M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3445	−0.091%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3448	−0.004%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3444	−0.120%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3442	−0.187%	$18K	$168K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3447	−0.021%	$43K	$236K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3447	−0.032%	$230K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3446	−0.062%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3444	−0.120%	$13K	$4.0M	5x	as long as short
Orderly PERP_KAITO_USDC_mythosshort	+0.0100%	4h	0.3443	−0.158%	$3K	$2K	10x
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3443	−0.144%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3444	−0.133%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3442	−0.181%	$239K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0119%	4h	0.3444	−0.126%	$17K	$320K	5x	as long as short
01 Exchange KAITOUSD	+0.0192%	1h	0.3442	−0.166%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0662%	1h	0.3449	+0.013%	$2.0M	$744K	5x	as long as short
Lighter KAITO	+0.1152%	1h	0.3457	+0.269%	$83K	$82K	5x	as long as short