Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0652%/8h= +71.4% APRpaid last 24h +0.070%

Price spread now: Hyperliquid against Aster+0.145%7-day average +0.095% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$510.508% of the position

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.145%, 7d avg +0.095%

Together, before fees−0.017%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Hyperliquid is 0.050% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.095%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.126% in total (about 8.7% a year). A funding rate is set anew for every payment. 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	Aster KAITOUSDT	0.3493	0.0100	pay 0.0050% / 4h	48m 39s	$117K	$34K	10x
Short	Hyperliquid KAITO	0.3498	0.0752	get 0.0094% / 1h	48m 39s	$2.0M	$743K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.145%Rate

Funding earned: $137.01
Price spread: +0.145% → +0.095%: $5
Slippage, 4 orders: −$33.75
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $91.26
Costs to cover: 0.508%
Break-even: 2.3 days

Slippage from Aster: live order book, 27 min ago; Hyperliquid: live order book, 2 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 Aster live order book, 27 min ago	2.87 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 2 min ago	1.71 bp	15.6 bp −$16	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
Injective KAITO/USDC PERP	−0.0010%	1h	0.3485	−0.239%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.526%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0048%	4h	0.3492	−0.039%	$545K	$61K	75x	as long as short
Aster KAITOUSDTlong	+0.0100%	4h	0.3493	long leg	$117K	$34K	10x
Pacifica KAITO	+0.0100%	1h	0.3492	−0.029%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3492	−0.052%	$10.6M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3494	+0.019%	$4.4M	$6.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3487	−0.182%	$4.2M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3494	+0.019%	$693K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3491	−0.067%	$3.3M	$1.0M	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	0.3495	+0.047%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3495	+0.047%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3493	−0.010%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3488	−0.156%	$19K	$165K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3498	+0.135%	$44K	$231K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3495	+0.047%	$236K	$3.0M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3494	+0.019%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3497	+0.105%	$12K	$4.2M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3494	+0.022%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3490	−0.083%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3493	−0.021%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3493	+0.004%	$242K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0104%	4h	0.3495	+0.049%	$17K	$322K	5x	as long as short
Hyperliquid KAITOshort	+0.0752%	1h	0.3498	+0.145%	$2.0M	$743K	5x
Kraken Futures PF_KAITOUSD	+0.1000%	1h	0.3494	+0.028%	$241K	$156K	10x	as long as short
Lighter KAITO	+0.1336%	1h	0.3503	+0.265%	$84K	$82K	5x	as long as short
01 Exchange KAITOUSD	+0.8440%	1h	0.3581	+2.506%	$6K	$2K	3x	as long as short