Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.2964%/8h= −324.6% APRpaid last 24h −2.006%

Price spread now: Bybit against 01 Exchange−2.011%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$89 a day on $10k at the current rate, and Bybit is 2.011% cheaper against 01 Exchange than usual: you would sell low and buy high (−$201 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	01 Exchange KAITOUSD	0.3590	0.3064	pay 0.0383% / 1h	1m 33s	$6K	$916	3x
Short	Bybit KAITOUSDT	0.3518	0.0100	get 0.0050% / 4h	1m 33s	$4.7M	$8.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against 01 Exchange. 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 01 ExchangebpFee BybitbpOrdersPrice spread, now −2.011%Rate

Funding earned: −$622.44
Price spread: −2.011% → 0.000%: −$201.1
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$841.54
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Bybit: live order book, 1 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	2.84 bp	27.2 bp −$27	72.6 bp −$726	doesn't fit	doesn't fit

01 Exchange: 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 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
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−6.124%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0068%	1h	0.3535	−1.538%	$7K	$52K	12x	as long as short
BloFin KAITO-USDT	+0.0078%	4h	0.3518	−2.011%	$557K	$68K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3517	−2.028%	$116K	$63K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3517	−2.044%	$19K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3515	−2.095%	$10.7M	$17.9M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3518	−2.011%	$4.7M	$8.6M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3514	−2.122%	$4.3M	$11.6M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3515	−2.095%	$665K	$1.8M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3514	−2.122%	$3.4M	$1.2M	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	0.3516	−2.067%	$1.4M	$171K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3515	−2.095%	$4.4M	$3.6M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3515	−2.095%	—	$6.8M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3512	−2.184%	$20K	$194K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3523	−1.871%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3521	−1.925%	$250K	$2.4M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3515	−2.095%	$29K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3513	−2.136%	$18K	$5.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3516	−2.067%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3514	−2.125%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3517	−2.039%	$244K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0108%	8h	0.3512	−2.167%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0116%	4h	0.3517	−2.049%	$17K	$328K	5x	as long as short
Hyperliquid KAITO	+0.0405%	1h	0.3520	−1.961%	$2.1M	$904K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0665%	1h	0.3511	−2.198%	$247K	$165K	10x	as long as short
Lighter KAITO	+0.0952%	1h	0.3530	−1.680%	$87K	$103K	5x	as long as short
01 Exchange KAITOUSDlong	+0.3064%	1h	0.3590	long leg	$6K	$916	3x