Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Aevo against Backpack−0.155%46s7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as 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−$1101.097% of the position
Funding, last 7 days−0.337%−$34 on $10k
+Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.155%, 7d avg −0.002%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.154% cheaper against Backpack than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.002%. The two prices were read 46 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 | Backpack KAITO_USDC_PERP | 0.3491 | 0.0100 | pay 0.0013% / 1h | 55m 20s | $18K | $164K | 10x |
| Short | Aevo KAITO-PERP | 0.3486 | 0.0104 | get 0.0013% / 1h | 55m 20s | $242K | $1K | 3x |
Backpack KAITO_USDC_PERP
Aevo KAITO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.155% → −0.002%
- −$15.36
- Slippage, 4 orders
- −$83.75
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- −$124.27
- Costs to cover
- 1.097%
- Break-even
- 1042.6 days
Slippage from Backpack: live order book, 18 min ago; Aevo: live order book, 19 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 Backpack live order book, 18 min ago | 0.43 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aevo live order book, 19 min ago | 30.20 bp | 43.2 bp −$43 | 205.3 bp −$2,053 | 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 | −0.0015% | 1h | 0.3476 | −0.430% | $7K | $52K | 12x | as long as short |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −3.461% | — | — | — | as long as short |
| BloFin KAITO-USDT | +0.0055% | 4h | 0.3499 | +0.229% | $546K | $61K | 75x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3490 | −0.034% | $116K | $34K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3490 | −0.029% | $18K | $12K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3485 | −0.172% | $10.6M | $15.8M | 75x | as long as short |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3490 | −0.029% | $4.4M | $6.8M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3482 | −0.258% | $4.2M | $10.0M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3490 | −0.029% | $699K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3486 | −0.143% | $3.4M | $1.0M | 50x | as long as short |
Injective KAITO/USDC PERP
Reya KAITORUSDPERP
BloFin KAITO-USDT
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
Bybit KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDT
MEXC KAITO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3492 | +0.029% | $1.4M | $166K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3486 | −0.143% | $4.3M | $3.0M | 75x | as long as short |
| BingX KAITO-USDC | +0.0100% | 4h | 0.3490 | −0.029% | — | $6.5M | — | as long as short |
| Backpack KAITO_USDC_PERPlong | +0.0100% | 1h | 0.3491 | long leg | $18K | $164K | 10x | |
| Variational Omni KAITO | +0.0100% | 4h | 0.3501 | +0.273% | $44K | $230K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3498 | +0.201% | $236K | $2.9M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3499 | +0.229% | $30K | $257K | 50x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3487 | −0.103% | $3K | $2K | 10x | as long as short |
| Paradex KAITO-USD-PERP | +0.0102% | 8h | 0.3486 | −0.143% | $4K | $604 | 10x | as long as short |
| Polymarket Perps KAITO-USD | +0.0104% | 1h | 0.3489 | −0.069% | $11K | $4.1M | 5x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3487 | −0.119% | $75K | $54K | 10x | as long as short |
| Aevo KAITO-PERPshort | +0.0104% | 1h | 0.3486 | −0.155% | $242K | $1K | 3x | |
| edgeX KAITOUSDC | +0.0116% | 4h | 0.3497 | +0.170% | $17K | $321K | 5x | as long as short |
| Kraken Futures PF_KAITOUSD | +0.0855% | 1h | 0.3477 | −0.406% | $240K | $157K | 10x | as long as short |
| Hyperliquid KAITO | +0.0875% | 1h | 0.3493 | +0.072% | $2.0M | $769K | 5x | as long as short |
| Lighter KAITO | +0.2008% | 1h | 0.3502 | +0.321% | $84K | $81K | 5x | as long as short |
| 01 Exchange KAITOUSD | +0.8336% | 1h | 0.3576 | +2.426% | $6K | $2K | 3x | as long as short |
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDC
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Orderly PERP_KAITO_USDC_mythos
Paradex KAITO-USD-PERP
Polymarket Perps KAITO-USD
Extended KAITO-USD
edgeX KAITOUSDC
Kraken Futures PF_KAITOUSD
Hyperliquid KAITO
Lighter KAITO
01 Exchange KAITOUSD