KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1252%/8h= −137.1% APRnext payment −$1.57 per $10,000 · paid last 24h −0.179%

Price spread now: Polymarket Perps against Lighter−0.389%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$960.956% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.556%−$56 on $10k

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

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

Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and Polymarket Perps is 0.389% cheaper against Lighter than usual: you would sell low and buy high (−$39 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 -0.556% in total (about -29.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.57 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	0.3522	0.1352	pay 0.0169% / 1h	1m 55s	$87K	$101K	5x
Short	Polymarket Perps KAITO-USD	0.3508	0.0100	get 0.0013% / 1h	1m 55s	$20K	$4.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.389%Rate

Funding earned: −$262.92
Price spread: −0.389% → 0.000%: −$38.9
Slippage, 4 orders: −$87.64
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$397.46
Costs to cover: 0.956%
Break-even: never at this rate

Slippage from Lighter: live order book, 32 min ago; Polymarket Perps: 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 Lighter live order book, 32 min ago	28.19 bp	51.3 bp −$51	85.6 bp −$856	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	1.00 bp	5.4 bp −$5	8.4 bp −$84	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
Backpack KAITO_USDC_PERP	−0.0369%	1h	0.3505	−0.460%	$22K	$182K	10x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.298%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0009%	1h	0.3511	−0.304%	$7K	$52K	12x	as long as short
Kraken Futures PF_KAITOUSD	+0.0030%	1h	0.3509	−0.367%	$246K	$156K	10x	as long as short
BloFin KAITO-USDT	+0.0047%	4h	0.3509	−0.361%	$558K	$67K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3506	−0.436%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3508	−0.390%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3505	−0.481%	$10.7M	$16.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3508	−0.389%	$4.4M	$7.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3502	−0.559%	$4.3M	$10.8M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KAITO_USDT	+0.0100%	4h	0.3505	−0.474%	$661K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3504	−0.503%	$3.1M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3507	−0.417%	$1.4M	$178K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3509	−0.361%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3506	−0.446%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3520	−0.052%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3514	−0.219%	$249K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3515	−0.190%	$29K	$261K	50x	as long as short
Polymarket Perps KAITO-USDshort	+0.0100%	1h	0.3508	−0.389%	$20K	$4.6M	5x
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3505	−0.463%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0103%	8h	0.3508	−0.389%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3506	−0.444%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3505	−0.460%	$243K	—	3x	as long as short
edgeX KAITOUSDC	+0.0105%	4h	0.3514	−0.219%	$17K	$326K	5x	as long as short
Hyperliquid KAITO	+0.0762%	1h	0.3510	−0.327%	$2.1M	$834K	5x	as long as short
Lighter KAITOlong	+0.1352%	1h	0.3522	long leg	$87K	$101K	5x
01 Exchange KAITOUSD	+0.6560%	1h	0.3600	+2.223%	$6K	$2K	3x	as long as short