Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.004%

Price spread now: BingX against Polymarket Perps−0.020%51s7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$540.537% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.388%+$39 on $10k

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.388%, so the current rate has only just turned against you. The two prices were read 51 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	Polymarket Perps KAITO-USD	0.3507	0.0158	pay 0.0020% / 1h	12m 34s	$21K	$4.1M	5x
Short	BingX KAITO-USDC	0.3506	0.0100	get 0.0050% / 4h	3h 12m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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 Polymarket PerpsbpFee BingXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$12.21
Price spread: −0.020% → 0.000%: −$2
Slippage, 4 orders: −$35.72
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$67.93
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; BingX: live order book, 8 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 Polymarket Perps live order book, 1 min ago	1.57 bp	5.8 bp −$6	7.0 bp −$70	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	1.43 bp	23.7 bp −$24	146.0 bp −$1,460	797.0 bp −$79.7K	1158.2 bp −$579.1K

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	0.3486	−0.590%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.892%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0097%	4h	0.3508	+0.037%	$550K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3505	−0.056%	$119K	$35K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3506	−0.025%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3504	−0.087%	$10.7M	$15.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3507	+0.009%	$4.5M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3503	−0.106%	$4.2M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3508	+0.037%	$700K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3503	−0.106%	$3.4M	$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	0.3505	−0.048%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3509	+0.066%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDCshort	+0.0100%	4h	0.3506	−0.020%	—	$6.5M	—
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3503	−0.100%	$19K	$160K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3505	−0.050%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3507	−0.004%	$236K	$2.9M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3505	−0.048%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3507	−0.006%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3506	−0.007%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3507	+0.001%	$243K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0110%	8h	0.3505	−0.060%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0113%	4h	0.3505	−0.036%	$17K	$324K	5x	as long as short
Polymarket Perps KAITO-USDlong	+0.0158%	1h	0.3507	long leg	$21K	$4.1M	5x
Kraken Futures PF_KAITOUSD	+0.0848%	1h	0.3506	−0.015%	$243K	$156K	10x	as long as short
Hyperliquid KAITO	+0.1132%	1h	0.3512	+0.152%	$2.1M	$771K	5x	as long as short
Lighter KAITO	+0.1840%	1h	0.3517	+0.291%	$90K	$90K	5x	as long as short
01 Exchange KAITOUSD	+0.3096%	1h	0.3504	−0.077%	$6K	$2K	3x	as long as short