KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0488%/8h= −53.5% APRnext payment −$0.61 per $10,000 · paid last 24h −0.032%

Price spread now: Hyperliquid against Lighter−0.372%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Hyperliquid is 0.372% cheaper against Lighter than usual: you would sell low and buy high (−$37 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter KAITO	0.3492	0.1456	pay 0.0182% / 1h	7m 24s	$83K	$83K	5x
Short	Hyperliquid KAITO	0.3479	0.0968	get 0.0121% / 1h	7m 24s	$2.0M	$766K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Lighter. 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 LighterbpFee HyperliquidbpOrdersPrice spread, now −0.372%Rate

Funding earned: −$102.55
Price spread: −0.372% → 0.000%: −$37.23
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$148.78
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Hyperliquid: live order book, 3 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	0.14 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit

Lighter: 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
Injective KAITO/USDC PERP	−0.0010%	1h	0.3476	−0.461%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.491%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0061%	4h	0.3473	−0.547%	$541K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3475	−0.498%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3478	−0.391%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3474	−0.518%	$10.5M	$15.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3476	−0.461%	$4.4M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3471	−0.604%	$4.2M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3477	−0.432%	$684K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3472	−0.576%	$3.3M	$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	0.3476	−0.461%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3477	−0.432%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3476	−0.461%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3477	−0.432%	$18K	$164K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3476	−0.461%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3473	−0.541%	$234K	$2.9M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3474	−0.518%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3474	−0.504%	$10K	$4.2M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3474	−0.515%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3475	−0.490%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3476	−0.466%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3478	−0.404%	$241K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0105%	4h	0.3474	−0.531%	$17K	$322K	5x	as long as short
Hyperliquid KAITOshort	+0.0968%	1h	0.3479	−0.372%	$2.0M	$766K	5x
Kraken Futures PF_KAITOUSD	+0.1005%	1h	0.3479	−0.388%	$240K	$157K	10x	as long as short
Lighter KAITOlong	+0.1456%	1h	0.3492	long leg	$83K	$83K	5x
01 Exchange KAITOUSD	+0.8952%	1h	0.3568	+2.185%	$6K	$2K	3x	as long as short