Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.4568%/8h= −500.2% APRnext payment −$5.71 per $10,000 · paid last 24h —

Price spread now: Reya against 01 Exchange−5.857%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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$137 a day on $10k at the current rate, and Reya is 5.857% cheaper against 01 Exchange than usual: you would sell low and buy high (−$586 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	0.3580	0.4568	pay 0.0571% / 1h	2m 04s	$6K	$609	3x
Short	Reya KAITORUSDPERP	0.3370	0	get 0.0000% / 1h	2m 04s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −5.857%Rate

Funding earned: −$959.28
Price spread: −5.857% → 0.000%: −$585.74
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$1,558.02
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Reya: no order-book sample. 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 Reya no order-book sample	—	—	—	—	—

01 Exchange and Reya: 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
Kraken Futures PF_KAITOUSD	−0.0416%	1h	0.3500	−2.227%	$247K	$164K	10x	as long as short
Backpack KAITO_USDC_PERP	−0.0035%	1h	0.3501	−2.201%	$18K	$199K	10x	as long as short
Reya KAITORUSDPERPshort	0.0000%	1h	0.3370	−5.857%	—	—	—
Injective KAITO/USDC PERP	+0.0020%	1h	0.3535	−1.257%	$7K	$52K	12x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3505	−2.089%	$116K	$63K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3506	−2.076%	$19K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3501	−2.202%	$10.7M	$17.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3504	−2.123%	$4.5M	$8.9M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3501	−2.207%	$4.3M	$11.6M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3504	−2.123%	$653K	$1.8M	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	0.3502	−2.179%	$3.5M	$1.3M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3504	−2.123%	$1.4M	$171K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3506	−2.067%	$4.5M	$3.7M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3504	−2.123%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3510	−1.944%	$45K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3506	−2.065%	$244K	$2.3M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3506	−2.067%	$29K	$258K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3504	−2.109%	$18K	$5.0M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3505	−2.089%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0103%	8h	0.3506	−2.072%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3504	−2.135%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3504	−2.123%	$243K	—	3x	as long as short
edgeX KAITOUSDC	+0.0108%	4h	0.3506	−2.074%	$17K	$328K	5x	as long as short
BloFin KAITO-USDT	+0.0133%	4h	0.3506	−2.067%	$551K	$68K	75x	as long as short
Hyperliquid KAITO	+0.0195%	1h	0.3507	−2.053%	$2.0M	$916K	5x	as long as short
Lighter KAITO	+0.0920%	1h	0.3519	−1.704%	$86K	$102K	5x	as long as short
01 Exchange KAITOUSDlong	+0.4568%	1h	0.3580	long leg	$6K	$609	3x