Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.8172%/8h= −894.8% APRpaid last 24h −1.994%

Price spread now: Variational Omni against 01 Exchange−2.913%48s7-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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$245 a day on $10k at the current rate, and Variational Omni is 2.913% cheaper against 01 Exchange than usual: you would sell low and buy high (−$291 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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	01 Exchange KAITOUSD	0.3569	0.8272	pay 0.1034% / 1h	22m 48s	$6K	$1K	3x
Short	Variational Omni KAITO	0.3465	0.0100	get 0.0050% / 4h	2h 22m	$43K	$211K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −2.913%Rate

Funding earned: −$1,716.12
Price spread: −2.913% → 0.000%: −$291.33
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2,014.45
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 26 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 Variational Omni RFQ quote, 26 min ago	5.68 bp	doesn't fit	76.6 bp −$766	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
Backpack KAITO_USDC_PERP	−0.0266%	1h	0.3478	−2.550%	$20K	$186K	10x	as long as short
Injective KAITO/USDC PERP	−0.0060%	1h	0.3470	−2.771%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−5.563%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3482	−2.443%	$117K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3479	−2.522%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3485	−2.348%	$10.6M	$17.1M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3487	−2.295%	$4.3M	$8.0M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3485	−2.351%	$4.2M	$10.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3481	−2.463%	$654K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3480	−2.491%	$3.0M	$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	0.3480	−2.491%	$1.4M	$179K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3483	−2.407%	$4.3M	$3.5M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3483	−2.407%	—	$6.5M	—	as long as short
Variational Omni KAITOshort	+0.0100%	4h	0.3465	−2.913%	$43K	$211K	—
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3477	−2.582%	$247K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3466	−2.883%	$29K	$261K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3477	−2.569%	$18K	$4.6M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3476	−2.614%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3483	−2.405%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3477	−2.589%	$241K	—	3x	as long as short
edgeX KAITOUSDC	+0.0106%	4h	0.3465	−2.904%	$17K	$325K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0109%	8h	0.3478	−2.558%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0142%	4h	0.3476	−2.603%	$556K	$67K	75x	as long as short
Kraken Futures PF_KAITOUSD	+0.0388%	1h	0.3478	−2.544%	$244K	$154K	10x	as long as short
Hyperliquid KAITO	+0.0825%	1h	0.3488	−2.258%	$2.1M	$854K	5x	as long as short
Lighter KAITO	+0.1504%	1h	0.3496	−2.054%	$87K	$100K	5x	as long as short
01 Exchange KAITOUSDlong	+0.8272%	1h	0.3569	long leg	$6K	$1K	3x