Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0621%/8h= +68.0% APRpaid last 24h +0.013%

Price spread now: Bybit against Backpack+0.084%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$720.724% of the position

Long on Backpack Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.084%, 7d avg +0.069%

Together, before fees−0.302%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: +$19 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.330%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.330% in total (about -17.2% 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	Backpack KAITO_USDC_PERP	0.3466	−0.0521	get 0.0065% / 1h	41m 48s	$18K	$169K	10x
Short	Bybit KAITOUSDT	0.3469	0.0100	get 0.0050% / 4h	41m 48s	$4.3M	$7.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Backpack. 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 BackpackbpFee BybitbpOrdersPrice spread, now +0.084%Rate

Funding earned: $130.4
Price spread: +0.084% → +0.069%: $1.51
Slippage, 4 orders: −$51.37
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $59.54
Costs to cover: 0.724%
Break-even: 3.8 days

Slippage from Backpack: live order book, 16 min ago; Bybit: live order book, 1 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, 16 min ago	0.87 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.44 bp	28.1 bp −$28	78.3 bp −$783	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_PERPlong	−0.0521%	1h	0.3466	long leg	$18K	$169K	10x
Injective KAITO/USDC PERP	−0.0154%	1h	0.3465	−0.032%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.764%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0071%	4h	0.3465	−0.032%	$553K	$66K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3467	+0.023%	$118K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3467	+0.025%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3467	+0.024%	$10.5M	$16.8M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3469	+0.084%	$4.3M	$7.6M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3464	−0.061%	$4.2M	$10.7M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3468	+0.055%	$662K	$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	0.3468	+0.055%	$3.4M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3469	+0.084%	$1.4M	$170K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3470	+0.113%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3468	+0.055%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3460	−0.166%	$43K	$228K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3462	−0.122%	$237K	$2.6M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3463	−0.089%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3467	+0.017%	$13K	$4.4M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3466	0.000%	$3K	$2K	10x	as long as short
edgeX KAITOUSDC	+0.0100%	4h	0.3448	−0.520%	$17K	$325K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3469	+0.094%	$77K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3465	−0.023%	$241K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0116%	8h	0.3467	+0.029%	$4K	$604	10x	as long as short
Kraken Futures PF_KAITOUSD	+0.0404%	1h	0.3465	−0.037%	$243K	$155K	10x	as long as short
Hyperliquid KAITO	+0.0700%	1h	0.3473	+0.213%	$2.0M	$807K	5x	as long as short
01 Exchange KAITOUSD	+0.0736%	1h	0.3465	−0.020%	$6K	$2K	3x	as long as short
Lighter KAITO	+0.1176%	1h	0.3477	+0.326%	$86K	$92K	5x	as long as short