Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Bybit against Polymarket Perps−0.012%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$610.610% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.380%+$38 on $10k

Price spread, last 7 days+0.120%+$12 · spread now −0.012%, 7d avg +0.049%

Together, before fees+0.500%+$50 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: Bybit is 0.061% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps KAITO-USD	0.3471	0.0100	pay 0.0013% / 1h	38m 51s	$11K	$4.0M	5x
Short	Bybit KAITOUSDT	0.3471	0.0100	get 0.0050% / 4h	1h 38m	$4.3M	$6.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.049%: −$6.09
Slippage, 4 orders: −$41.95
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$67.05
Costs to cover: 0.610%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Bybit: live order book, 4 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, 5 min ago	2.45 bp	6.5 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.44 bp	23.8 bp −$24	162.3 bp −$1,623	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
Kraken Futures PF_KAITOUSD	−0.0432%	1h	0.3469	−0.067%	$238K	$158K	10x	as long as short
Injective KAITO/USDC PERP	−0.0055%	1h	0.3446	−0.732%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.915%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0087%	4h	0.3466	−0.156%	$533K	$59K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3470	−0.048%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3472	+0.007%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3468	−0.085%	$10.5M	$15.6M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3471	−0.012%	$4.3M	$6.6M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3465	−0.184%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3470	−0.040%	$675K	$1.7M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KAITO_USDT	+0.0100%	4h	0.3467	−0.127%	$3.3M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3470	−0.040%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3470	−0.040%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3470	−0.040%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3467	−0.127%	$18K	$168K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3469	−0.066%	$43K	$234K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3467	−0.128%	$241K	$3.1M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3468	−0.098%	$30K	$256K	50x	as long as short
Polymarket Perps KAITO-USDlong	+0.0100%	1h	0.3471	long leg	$11K	$4.0M	5x
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3469	−0.069%	$3K	$2K	10x	as long as short
edgeX KAITOUSDC	+0.0100%	4h	0.3468	−0.112%	$17K	$320K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3471	−0.026%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3469	−0.072%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3468	−0.107%	$241K	$1K	3x	as long as short
01 Exchange KAITOUSD	+0.0248%	1h	0.3469	−0.060%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0751%	1h	0.3475	+0.096%	$2.0M	$738K	5x	as long as short
Lighter KAITO	+0.1120%	1h	0.3480	+0.245%	$83K	$82K	5x	as long as short