Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: Polymarket Perps against OKX+0.063%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.268%−$27 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.063%, 7d avg +0.013%

Together, before fees−0.322%−$32 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: Polymarket Perps is 0.050% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.013%.

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 38m	$4.2M	$10.0M	50x
Short	Polymarket Perps KAITO-USD	0.3492	0.0100	get 0.0013% / 1h	38m 14s	$15K	$4.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.013%: $5.04
Slippage, 4 orders: −$18.9
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.86
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Polymarket Perps: 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 OKX live order book, 5 min ago	1.43 bp	11.7 bp −$12	31.5 bp −$315	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	2.29 bp	6.3 bp −$6	6.8 bp −$68	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	−0.0015%	1h	0.3490	0.000%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.433%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3489	−0.022%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3489	−0.029%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3490	+0.010%	$10.6M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3493	+0.086%	$4.4M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAPlong	+0.0100%	4h	0.3490	long leg	$4.2M	$10.0M	50x
MEXC KAITO_USDT	+0.0100%	4h	0.3490	0.000%	$3.4M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3492	+0.057%	$1.4M	$165K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3497	+0.201%	$4.3M	$3.0M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KAITO-USDT	+0.0100%	4h	0.3491	+0.029%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3490	−0.009%	$18K	$161K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3493	+0.085%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3486	−0.106%	$235K	$2.9M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3490	0.000%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USDshort	+0.0100%	1h	0.3492	+0.063%	$15K	$4.1M	5x
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3490	+0.003%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3489	−0.029%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0103%	4h	0.3489	−0.036%	$17K	$322K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3492	+0.043%	$78K	$57K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3490	+0.005%	$242K	—	3x	as long as short
BloFin KAITO-USDT	+0.0136%	4h	0.3487	−0.086%	$547K	$60K	75x	as long as short
Gate KAITO_USDT	+0.0276%	4h	0.3494	+0.115%	$698K	$1.7M	75x	as long as short
Kraken Futures PF_KAITOUSD	+0.0851%	1h	0.3491	+0.021%	$241K	$155K	10x	as long as short
Hyperliquid KAITO	+0.0969%	1h	0.3497	+0.206%	$2.0M	$764K	5x	as long as short
Lighter KAITO	+0.1680%	1h	0.3501	+0.324%	$89K	$89K	5x	as long as short
01 Exchange KAITOUSD	+0.6360%	1h	0.3489	−0.023%	$6K	$2K	3x	as long as short