KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0600%/8h= −65.7% APRnext payment −$0.75 per $10,000 · paid last 24h −0.007%

Price spread now: Backpack against Aevo+0.125%46s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

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

costs, in and out, $10k−$1141.141% of the position

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.336%+$34 on $10k

Price spread, last 3 days (all we have)−0.075%−$8 · spread now +0.125%, 7d avg +0.001%

Together, before fees+0.260%+$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.124% dearer against Aevo than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.001%): +$12 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.336%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.336% in total (about 17.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.75 per $10,000. 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	Aevo KAITO-PERP	0.3480	0.0104	pay 0.0013% / 1h	43m 12s	$242K	—	3x
Short	Backpack KAITO_USDC_PERP	0.3484	−0.0496	pay 0.0062% / 1h	43m 12s	$20K	$173K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$125.95
Price spread: +0.125% → +0.001%: $12.43
Slippage, 4 orders: −$88.14
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$227.66
Costs to cover: 1.141%
Break-even: never at this rate

Slippage from Aevo: live order book, 26 min ago; Backpack: live order book, 25 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, 26 min ago	32.85 bp	46.2 bp −$46	235.3 bp −$2,353	doesn't fit	doesn't fit
Sell Backpack live order book, 25 min ago	1.43 bp	11.0 bp −$11	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_PERPshort	−0.0496%	1h	0.3484	+0.125%	$20K	$173K	10x
Injective KAITO/USDC PERP	−0.0064%	1h	0.3466	−0.404%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.153%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0076%	4h	0.3463	−0.490%	$555K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3480	−0.001%	$115K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3483	+0.079%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3481	+0.018%	$10.6M	$16.3M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3484	+0.114%	$4.4M	$7.0M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3478	−0.059%	$4.2M	$10.2M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3483	+0.085%	$683K	$1.7M	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	0.3479	−0.030%	$3.3M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3482	+0.056%	$1.4M	$168K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3485	+0.142%	$4.3M	$3.2M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3482	+0.056%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3465	−0.419%	$43K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3466	−0.391%	$237K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3466	−0.404%	$30K	$256K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3480	−0.013%	$3K	$2K	10x	as long as short
edgeX KAITOUSDC	+0.0102%	4h	0.3464	−0.448%	$17K	$325K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3480	−0.012%	$78K	$54K	10x	as long as short
Aevo KAITO-PERPlong	+0.0104%	1h	0.3480	long leg	$242K	—	3x
Paradex KAITO-USD-PERP	+0.0120%	8h	0.3484	+0.105%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0134%	1h	0.3482	+0.059%	$17K	$4.1M	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0976%	1h	0.3481	+0.041%	$242K	$159K	10x	as long as short
Hyperliquid KAITO	+0.1025%	1h	0.3485	+0.131%	$2.0M	$783K	5x	as long as short
Lighter KAITO	+0.1336%	1h	0.3493	+0.384%	$86K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.5456%	1h	0.3559	+2.272%	$6K	$2K	3x	as long as short