Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0604%/8h= +66.2% APRpaid last 24h +0.062%

Price spread now: Hyperliquid against MEXC+0.200%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 7 days−0.139%−$14 · spread now +0.200%, 7d avg +0.080%

Together, before fees−0.011%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.120% dearer against MEXC than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.080%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.129% in total (about 6.7% a year). A funding rate is set anew for every payment. 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	MEXC KAITO_USDT	0.3492	0.0100	pay 0.0050% / 4h	54m 45s	$3.3M	$1.0M	50x
Short	Hyperliquid KAITO	0.3499	0.0704	get 0.0088% / 1h	54m 45s	$2.0M	$742K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.200%Rate

Funding earned: $126.87
Price spread: +0.200% → +0.080%: $12.02
Slippage, 4 orders: −$22.22
Fee MEXC: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $107.67
Costs to cover: 0.312%
Break-even: 1.1 days

Slippage from MEXC: live order book, 7 min ago; Hyperliquid: live order book, 6 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, 7 min ago	1.43 bp	3.4 bp −$3	9.6 bp −$96	81.5 bp −$8,148	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.29 bp	14.1 bp −$14	doesn't fit	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
Injective KAITO/USDC PERP	−0.0010%	1h	0.3485	−0.200%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.488%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0078%	4h	0.3488	−0.115%	$546K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3493	+0.021%	$117K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3494	+0.057%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3492	−0.010%	$10.6M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3495	+0.086%	$4.4M	$6.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3488	−0.115%	$4.2M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3496	+0.115%	$692K	$1.7M	75x	as long as short
MEXC KAITO_USDTlong	+0.0100%	4h	0.3492	long leg	$3.3M	$1.0M	50x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3496	+0.115%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3496	+0.115%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3493	+0.029%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3492	+0.001%	$44K	$231K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3493	+0.018%	$236K	$3.0M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3491	−0.029%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3495	+0.095%	$15K	$4.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3493	+0.014%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3493	+0.031%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3494	+0.053%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3492	+0.007%	$242K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0112%	4h	0.3492	0.000%	$17K	$320K	5x	as long as short
Backpack KAITO_USDC_PERP	+0.0151%	1h	0.3492	−0.011%	$19K	$166K	10x	as long as short
Hyperliquid KAITOshort	+0.0704%	1h	0.3499	+0.200%	$2.0M	$742K	5x
Kraken Futures PF_KAITOUSD	+0.1003%	1h	0.3486	−0.159%	$240K	$155K	10x	as long as short
Lighter KAITO	+0.1360%	1h	0.3504	+0.335%	$84K	$82K	5x	as long as short
01 Exchange KAITOUSD	+0.8536%	1h	0.3580	+2.514%	$6K	$2K	3x	as long as short