Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against Orderly−4.259%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 4.259% cheaper against Orderly than usual: you would sell low and buy high (−$426 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_KAITO_USDC_mythos	0.3520	0.0100	pay 0.0050% / 4h	2h 00m	$3K	$2K	10x
Short	Reya KAITORUSDPERP	0.3370	0	get 0.0000% / 1h	0m 52s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −4.259%Rate

Funding earned: −$21
Price spread: −4.259% → 0.000%: −$425.89
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: −$458.89
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Reya: no order-book sample. 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 Reya no order-book sample	—	—	—	—	—

Orderly and Reya: 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 26 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_PERP	−0.0441%	1h	0.3521	+0.020%	$20K	$169K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3508	−0.347%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERPshort	0.0000%	1h	0.3370	−4.259%	—	—	—
Pacifica KAITO	+0.0100%	1h	0.3520	−0.006%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3520	−0.006%	$10.7M	$16.3M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3524	+0.108%	$4.5M	$7.1M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3518	−0.062%	$4.3M	$10.4M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3523	+0.080%	$690K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3522	+0.051%	$3.4M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3523	+0.080%	$1.4M	$165K	30x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KAITOUSDT	+0.0100%	4h	0.3528	+0.222%	$4.5M	$3.2M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3521	+0.023%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3526	+0.176%	$44K	$229K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3524	+0.107%	$241K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3522	+0.051%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythoslong	+0.0100%	4h	0.3520	long leg	$3K	$2K	10x
edgeX KAITOUSDC	+0.0101%	4h	0.3521	+0.035%	$18K	$324K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3524	+0.098%	$79K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3520	−0.006%	$244K	—	3x	as long as short
Aster KAITOUSDT	+0.0105%	4h	0.3519	−0.024%	$117K	$39K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0124%	8h	0.3521	+0.032%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0175%	1h	0.3523	+0.071%	$16K	$4.2M	5x	as long as short
Hyperliquid KAITO	+0.0920%	1h	0.3529	+0.239%	$2.1M	$782K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0965%	1h	0.3519	−0.030%	$245K	$148K	10x	as long as short
Lighter KAITO	+0.1464%	1h	0.3536	+0.440%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.7168%	1h	0.3619	+2.801%	$6K	$2K	3x	as long as short