Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0542%/8h= −59.3% APRpaid last 24h −0.013%

Price spread now: Backpack against OKX+0.020%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on OKX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.438%+$44 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.020%, 7d avg −0.003%

Together, before fees+0.411%+$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.023% dearer against OKX than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.003%): +$2 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.438%, 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	OKX KAITO-USDT-SWAP	0.3496	0.0100	pay 0.0050% / 4h	27m 56s	$4.3M	$10.8M	50x
Short	Backpack KAITO_USDC_PERP	0.3497	−0.0442	pay 0.0055% / 1h	27m 56s	$18K	$175K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against OKX. 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 OKXbpFee BackpackbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$113.78
Price spread: +0.020% → −0.003%: $2.33
Slippage, 4 orders: −$28.33
Fee OKX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$159.78
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Backpack: live order book, 30 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 OKX live order book, 5 min ago	1.44 bp	13.6 bp −$14	47.9 bp −$479	doesn't fit	doesn't fit
Sell Backpack live order book, 30 min ago	0.87 bp	9.7 bp −$10	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
Backpack KAITO_USDC_PERPshort	−0.0442%	1h	0.3497	+0.020%	$18K	$175K	10x
Injective KAITO/USDC PERP	−0.0154%	1h	0.3458	−1.087%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.595%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3503	+0.187%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3503	+0.197%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3499	+0.086%	$10.6M	$16.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3501	+0.143%	$4.3M	$7.6M	75x	as long as short
OKX KAITO-USDT-SWAPlong	+0.0100%	4h	0.3496	long leg	$4.3M	$10.8M	50x
Gate KAITO_USDT	+0.0100%	4h	0.3501	+0.143%	$667K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3499	+0.086%	$3.4M	$1.1M	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	0.3501	+0.143%	$1.4M	$170K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3501	+0.143%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3500	+0.114%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3500	+0.125%	$44K	$228K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3499	+0.079%	$239K	$2.6M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3476	−0.572%	$28K	$258K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3502	+0.172%	$21K	$4.4M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3503	+0.189%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3500	+0.104%	$78K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3502	+0.182%	$243K	—	3x	as long as short
edgeX KAITOUSDC	+0.0113%	4h	0.3497	+0.032%	$17K	$325K	5x	as long as short
BloFin KAITO-USDT	+0.0117%	4h	0.3509	+0.372%	$552K	$67K	75x	as long as short
Paradex KAITO-USD-PERP	+0.0122%	8h	0.3503	+0.204%	$4K	$604	10x	as long as short
Kraken Futures PF_KAITOUSD	+0.0399%	1h	0.3503	+0.192%	$247K	$156K	10x	as long as short
01 Exchange KAITOUSD	+0.0656%	1h	0.3501	+0.146%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0832%	1h	0.3505	+0.257%	$2.1M	$816K	5x	as long as short
Lighter KAITO	+0.1064%	1h	0.3512	+0.446%	$86K	$92K	5x	as long as short