Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0858%/8h= +93.9% APRpaid last 24h +0.070%

Price spread now: Hyperliquid against Variational Omni+0.120%7-day average +0.057% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.150%+$15 on $10k

Price spread, last 3 days (all we have)−0.135%−$13 · spread now +0.120%, 7d avg +0.057%

Together, before fees+0.015%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Hyperliquid is 0.063% dearer against Variational Omni than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.057%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.150% in total (about 16.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni KAITO	0.3476	0.0100	pay 0.0050% / 4h	11m 01s	$44K	$230K	—
Short	Hyperliquid KAITO	0.3480	0.0958	get 0.0120% / 1h	11m 01s	$2.0M	$767K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.120%Rate

Funding earned: $180.1
Price spread: +0.120% → +0.057%: $6.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $177.39
Costs to cover: 0.090%
Break-even: 0.1 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Hyperliquid: live order book, 10 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 Variational Omni RFQ quote, 3 min ago	5.75 bp	doesn't fit	66.1 bp −$661	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.43 bp	12.8 bp −$13	doesn't fit	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
Injective KAITO/USDC PERP	−0.0010%	1h	0.3476	0.000%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.045%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0056%	4h	0.3472	−0.115%	$541K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3475	−0.025%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3477	+0.019%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3473	−0.086%	$10.5M	$15.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3476	0.000%	$4.4M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3474	−0.057%	$4.2M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3476	0.000%	$684K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3473	−0.086%	$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	0.3477	+0.029%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3479	+0.086%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3475	−0.029%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3472	−0.106%	$18K	$164K	10x	as long as short
Variational Omni KAITOlong	+0.0100%	4h	0.3476	long leg	$44K	$230K	—
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3476	+0.002%	$235K	$3.0M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3474	−0.057%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3477	+0.040%	$11K	$4.2M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3474	−0.043%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3475	−0.037%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3475	−0.019%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3475	−0.042%	$241K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0113%	4h	0.3474	−0.044%	$17K	$321K	5x	as long as short
Hyperliquid KAITOshort	+0.0958%	1h	0.3480	+0.120%	$2.0M	$767K	5x
Kraken Futures PF_KAITOUSD	+0.1006%	1h	0.3474	−0.059%	$239K	$157K	10x	as long as short
Lighter KAITO	+0.1464%	1h	0.3489	+0.380%	$83K	$83K	5x	as long as short
01 Exchange KAITOUSD	+0.8928%	1h	0.3570	+2.701%	$6K	$2K	3x	as long as short