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 Orderly+0.158%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.158% dearer against Orderly than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_KAITO_USDC_mythos	0.3492	0.0100	pay 0.0050% / 4h	53m 28s	$3K	$2K	10x
Short	Bybit KAITOUSDT	0.3497	0.0100	get 0.0050% / 4h	53m 28s	$4.4M	$6.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now +0.158%Rate

Funding earned: $0
Price spread: +0.158% → 0.000%: $15.75
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1.25
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	1.43 bp	21.6 bp −$22	73.7 bp −$737	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.186%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.475%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0078%	4h	0.3488	−0.100%	$546K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3493	+0.038%	$117K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3494	+0.072%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3494	+0.072%	$10.6M	$15.7M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3497	+0.158%	$4.4M	$6.7M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3492	+0.014%	$4.2M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3495	+0.100%	$692K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3495	+0.100%	$3.3M	$1.0M	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	0.3496	+0.129%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3499	+0.215%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3494	+0.072%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3492	+0.015%	$44K	$231K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3492	+0.009%	$236K	$3.0M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3491	−0.014%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3497	+0.155%	$15K	$4.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythoslong	+0.0100%	4h	0.3492	long leg	$3K	$2K	10x
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3494	+0.061%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3495	+0.096%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3492	+0.014%	$242K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0106%	4h	0.3492	+0.022%	$17K	$321K	5x	as long as short
Backpack KAITO_USDC_PERP	+0.0123%	1h	0.3490	−0.046%	$19K	$166K	10x	as long as short
Hyperliquid KAITO	+0.0710%	1h	0.3502	+0.297%	$2.0M	$742K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.1001%	1h	0.3492	+0.015%	$241K	$155K	10x	as long as short
Lighter KAITO	+0.1344%	1h	0.3504	+0.372%	$84K	$82K	5x	as long as short
01 Exchange KAITOUSD	+0.8496%	1h	0.3581	+2.552%	$6K	$2K	3x	as long as short