Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0502%/8h= −55.0% APRpaid last 24h −0.006%

Price spread now: Backpack against MEXC+0.034%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on MEXC Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.375%+$38 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.034%, 7d avg +0.004%

Together, before fees+0.347%+$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.030% dearer against MEXC than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of +0.004%): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.375%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KAITO_USDT	0.3514	0.0100	pay 0.0050% / 4h	2h 28m	$3.3M	$1.0M	50x
Short	Backpack KAITO_USDC_PERP	0.3515	−0.0402	pay 0.0050% / 1h	28m 00s	$20K	$175K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against MEXC. 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 MEXCbpFee BackpackbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$105.44
Price spread: +0.034% → +0.004%: $3.04
Slippage, 4 orders: −$18.59
Fee MEXC: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$130.98
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Backpack: live order book, 40 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 MEXC live order book, 4 min ago	1.43 bp	4.3 bp −$4	8.8 bp −$88	77.6 bp −$7,762	doesn't fit
Sell Backpack live order book, 40 min ago	1.43 bp	11.0 bp −$11	doesn't fit	doesn't fit	doesn't fit

KAITO on 26 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_PERPshort	−0.0402%	1h	0.3515	+0.034%	$20K	$175K	10x
Injective KAITO/USDC PERP	−0.0064%	1h	0.3474	−1.138%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.088%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3514	+0.004%	$117K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3510	−0.120%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3513	−0.016%	$10.7M	$16.3M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3518	+0.114%	$4.5M	$7.1M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3512	−0.057%	$4.3M	$10.3M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3516	+0.057%	$685K	$1.7M	75x	as long as short
MEXC KAITO_USDTlong	+0.0100%	4h	0.3514	long leg	$3.3M	$1.0M	50x

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3511	−0.085%	$1.4M	$163K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3520	+0.171%	$4.4M	$3.2M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3514	0.000%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3499	−0.428%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3486	−0.797%	$238K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3495	−0.541%	$30K	$256K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3515	+0.031%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3514	+0.003%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3515	+0.032%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0112%	4h	0.3495	−0.554%	$17K	$325K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0120%	8h	0.3513	−0.038%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0143%	1h	0.3514	+0.003%	$17K	$4.2M	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0966%	1h	0.3517	+0.077%	$244K	$148K	10x	as long as short
Hyperliquid KAITO	+0.0988%	1h	0.3520	+0.165%	$2.1M	$786K	5x	as long as short
Lighter KAITO	+0.1376%	1h	0.3526	+0.347%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.6688%	1h	0.3580	+1.878%	$6K	$2K	3x	as long as short