Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.201%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$720.718% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 7 days−0.111%−$11 · spread now +0.201%, 7d avg +0.060%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.141% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KAITO-USDT-SWAP	0.3480	0.0100	pay 0.0050% / 4h	1h 09m	$4.1M	$10.0M	50x
Short	Bybit KAITOUSDT	0.3487	0.0100	get 0.0050% / 4h	1h 09m	$4.3M	$6.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.201%Rate

Funding earned: $0
Price spread: +0.201% → +0.060%: $14.1
Slippage, 4 orders: −$50.83
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$57.73
Costs to cover: 0.718%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	1.44 bp	11.2 bp −$11	36.5 bp −$365	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.43 bp	28.1 bp −$28	70.6 bp −$706	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
Kraken Futures PF_KAITOUSD	−0.0430%	1h	0.3486	+0.182%	$240K	$157K	10x	as long as short
Injective KAITO/USDC PERP	−0.0055%	1h	0.3461	−0.546%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.154%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0065%	4h	0.3490	+0.287%	$544K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3488	+0.232%	$117K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3485	+0.144%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3484	+0.121%	$10.5M	$15.7M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3487	+0.201%	$4.3M	$6.7M	75x
OKX KAITO-USDT-SWAPlong	+0.0100%	4h	0.3480	long leg	$4.1M	$10.0M	50x
Gate KAITO_USDT	+0.0100%	4h	0.3487	+0.201%	$691K	$1.7M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KAITO_USDT	+0.0100%	4h	0.3486	+0.172%	$3.3M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3487	+0.201%	$1.4M	$167K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3489	+0.259%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3486	+0.172%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3485	+0.144%	$19K	$168K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3488	+0.231%	$44K	$234K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3477	−0.084%	$235K	$3.1M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3479	−0.029%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3490	+0.282%	$14K	$4.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3486	+0.184%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3486	+0.172%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0103%	4h	0.3484	+0.115%	$17K	$321K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3483	+0.087%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3487	+0.188%	$242K	$1K	3x	as long as short
Hyperliquid KAITO	+0.0760%	1h	0.3493	+0.379%	$2.0M	$741K	5x	as long as short
Lighter KAITO	+0.1192%	1h	0.3497	+0.489%	$84K	$82K	5x	as long as short
01 Exchange KAITOUSD	+0.2128%	1h	0.3576	+2.747%	$6K	$2K	3x	as long as short