Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0088%/8h= −9.7% APRpaid last 24h −0.003%

Price spread now: BloFin against Polymarket Perps+0.111%45s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as 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−$390.391% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.328%+$33 on $10k

Price spread, last 3 days (all we have)−0.053%−$5 · spread now +0.111%, 7d avg +0.001%

Together, before fees+0.275%+$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.110% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.111% now, against its 7-day average of +0.001%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.328%, so the current rate has only just turned against you. The two prices were read 45 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	0.3503	0.0163	pay 0.0020% / 1h	8m 08s	$19K	$4.1M	5x
Short	BloFin KAITO-USDT	0.3507	0.0074	get 0.0037% / 4h	3h 08m	$555K	$61K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$18.57
Price spread: +0.111% → +0.001%: $11.03
Slippage, 4 orders: −$19.1
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$46.64
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; BloFin: live order book, 63 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, 6 min ago	1.57 bp	5.8 bp −$6	7.0 bp −$70	doesn't fit	doesn't fit
Sell BloFin live order book, 63 min ago	1.44 bp	9.9 bp −$10	21.5 bp −$215	156.9 bp −$15.7K	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	0.3486	−0.488%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.792%	—	—	—	as long as short
BloFin KAITO-USDTshort	+0.0074%	4h	0.3507	+0.111%	$555K	$61K	75x
Aster KAITOUSDT	+0.0100%	4h	0.3503	−0.008%	$119K	$35K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3504	+0.031%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3503	−0.010%	$10.7M	$15.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3505	+0.054%	$4.4M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3500	−0.088%	$4.2M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3505	+0.054%	$699K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3501	−0.060%	$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	+0.054%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3504	+0.026%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3504	+0.026%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3501	−0.057%	$18K	$161K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3502	−0.019%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3509	+0.165%	$236K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3499	−0.117%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3503	−0.009%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3501	−0.047%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3502	−0.031%	$243K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0109%	8h	0.3500	−0.093%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0115%	4h	0.3499	−0.108%	$17K	$322K	5x	as long as short
Polymarket Perps KAITO-USDlong	+0.0163%	1h	0.3503	long leg	$19K	$4.1M	5x
Kraken Futures PF_KAITOUSD	+0.0849%	1h	0.3503	−0.010%	$242K	$156K	10x	as long as short
Hyperliquid KAITO	+0.1125%	1h	0.3509	+0.183%	$2.1M	$760K	5x	as long as short
Lighter KAITO	+0.1816%	1h	0.3517	+0.394%	$90K	$90K	5x	as long as short
01 Exchange KAITOUSD	+0.2896%	1h	0.3499	−0.117%	$6K	$2K	3x	as long as short