Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Aster against Aevo−0.008%49s7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1491.493% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.008%, 7d avg +0.018%

Together, before fees−0.042%+ Points / potential airdropAster: Stage 5 · farm board−$4 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: Aster is 0.026% cheaper against Aevo than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 49 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	Aevo KAITO-PERP	0.3468	0.0104	pay 0.0013% / 1h	28m 25s	$241K	—	3x
Short	Aster KAITOUSDT	0.3468	0.0100	get 0.0050% / 4h	2h 28m	$117K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$0.84
Price spread: −0.008% → +0.018%: −$2.57
Slippage, 4 orders: −$125.35
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$152.76
Costs to cover: 1.493%
Break-even: never at this rate

Slippage from Aevo: live order book, 21 min ago; Aster: live order book, 17 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 Aevo live order book, 21 min ago	43.99 bp	54.7 bp −$55	306.7 bp −$3,067	doesn't fit	doesn't fit
Sell Aster live order book, 17 min ago	2.85 bp	14.7 bp −$15	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
Backpack KAITO_USDC_PERP	−0.0281%	1h	0.3470	+0.035%	$20K	$185K	10x	as long as short
Injective KAITO/USDC PERP	−0.0060%	1h	0.3470	+0.043%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.827%	—	—	—	as long as short
Aster KAITOUSDTshort	+0.0100%	4h	0.3468	−0.008%	$117K	$50K	10x
Pacifica KAITO	+0.0100%	1h	0.3467	−0.051%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3466	−0.072%	$10.6M	$17.1M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3465	−0.101%	$4.3M	$7.9M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3463	−0.159%	$4.2M	$10.8M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3468	−0.014%	$651K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3466	−0.072%	$3.1M	$1.1M	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	0.3468	−0.014%	$1.4M	$179K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3468	−0.014%	$4.3M	$3.5M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3467	−0.043%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3465	−0.088%	$43K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3468	−0.020%	$246K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3464	−0.130%	$29K	$261K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3467	−0.055%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3468	−0.021%	$80K	$63K	10x	as long as short
Aevo KAITO-PERPlong	+0.0104%	1h	0.3468	long leg	$241K	—	3x
Paradex KAITO-USD-PERP	+0.0109%	8h	0.3467	−0.051%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0114%	1h	0.3468	−0.009%	$18K	$4.6M	5x	as long as short
edgeX KAITOUSDC	+0.0117%	4h	0.3468	−0.026%	$17K	$327K	5x	as long as short
BloFin KAITO-USDT	+0.0119%	4h	0.3471	+0.072%	$552K	$67K	75x	as long as short
Kraken Futures PF_KAITOUSD	+0.0390%	1h	0.3468	−0.024%	$243K	$154K	10x	as long as short
Hyperliquid KAITO	+0.0809%	1h	0.3471	+0.066%	$2.0M	$854K	5x	as long as short
Lighter KAITO	+0.1472%	1h	0.3480	+0.340%	$86K	$100K	5x	as long as short
01 Exchange KAITOUSD	+0.8344%	1h	0.3530	+1.773%	$6K	$1K	3x	as long as short