Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0517%/8h= −56.6% APRpaid last 24h +0.172%

Price spread now: Kraken Futures against OKX+0.035%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,341as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,423as in the Price arb table

costs, in and out, $10k−$1,42414.244% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.831%+$83 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.035%, 7d avg +0.021%

Together, before fees+0.817%+$82 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.831%, 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	0.3490	0.0100	pay 0.0050% / 4h	3h 32m	$4.3M	$11.6M	50x
Short	Kraken Futures PF_KAITOUSD	0.3491	−0.0417	pay 0.0052% / 1h	32m 40s	$246K	$164K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$108.51
Price spread: +0.035% → +0.021%: $1.38
Slippage, 4 orders: −$1,404.44
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1,531.56
Costs to cover: 14.244%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Kraken Futures: live order book, 65 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, 1 min ago	1.43 bp	11.8 bp −$12	32.1 bp −$321	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 65 min ago	4.24 bp	73.1 bp −$73	187.2 bp −$1,872	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_KAITOUSDshort	−0.0417%	1h	0.3491	+0.035%	$246K	$164K	10x
Backpack KAITO_USDC_PERP	−0.0257%	1h	0.3495	+0.138%	$18K	$197K	10x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.428%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0020%	1h	0.3535	+1.289%	$7K	$52K	12x	as long as short
BloFin KAITO-USDT	+0.0061%	4h	0.3497	+0.201%	$552K	$67K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3496	+0.186%	$115K	$63K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3501	+0.328%	$19K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3495	+0.157%	$10.7M	$17.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3497	+0.201%	$4.6M	$8.7M	75x	as long as short
OKX KAITO-USDT-SWAPlong	+0.0100%	4h	0.3490	long leg	$4.3M	$11.6M	50x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KAITO_USDT	+0.0100%	4h	0.3495	+0.143%	$661K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3495	+0.143%	$3.4M	$1.3M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3493	+0.086%	$1.4M	$169K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3499	+0.258%	$4.4M	$3.6M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3498	+0.229%	—	$6.8M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3507	+0.499%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3507	+0.486%	$249K	$2.3M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3509	+0.544%	$29K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3494	+0.129%	$18K	$5.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3495	+0.143%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3497	+0.210%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3499	+0.259%	$243K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0104%	8h	0.3500	+0.281%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0110%	4h	0.3504	+0.393%	$17K	$328K	5x	as long as short
Hyperliquid KAITO	+0.0254%	1h	0.3499	+0.249%	$2.0M	$931K	5x	as long as short
Lighter KAITO	+0.0896%	1h	0.3511	+0.599%	$86K	$101K	5x	as long as short
01 Exchange KAITOUSD	+0.1808%	1h	0.3564	+2.129%	$6K	$608	3x	as long as short