Funding you earn now, next payment 20:00 UTC−0.0056%/8hnext payment −$0.07 per $10,000 · paid last 24h −0.136%
Price spread now: Injective against Backpack+0.128%72s7-day average −0.619% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.469%+$47 on $10k
+Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.128%, 7d avg −0.619%
=The price spread pays, funding is against you. Injective is 0.747% dearer against Backpack than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of −0.619%): +$75 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 45 days. Mind the row above: over the last 7 days funding on this pair paid +0.469%, so the current rate has only just turned against you. The two prices were read 72 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 | 0.3431 | 0.0023 | pay 0.0003% / 1h | 41m 38s | $17K | $172K | 10x |
| Short | Injective KAITO/USDC PERP | 0.3435 | −0.0033 | pay 0.0004% / 1h | 41m 38s | $6K | $52K | 12x |
Backpack KAITO_USDC_PERP
Injective KAITO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$11.68
- Price spread: +0.128% → −0.619%
- $74.71
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $53.01
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Backpack: live order book, 11 min ago; Injective: no order-book sample. Net counts fees only.
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, 11 min ago | 0.58 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_KAITOUSD | −0.0558% | 1h | 0.3428 | −0.082% | $236K | $161K | 10x | as long as short |
| Injective KAITO/USDC PERPshort | −0.0033% | 1h | 0.3435 | +0.128% | $6K | $52K | 12x | |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −1.762% | — | — | — | as long as short |
| Backpack KAITO_USDC_PERPlong | +0.0023% | 1h | 0.3431 | long leg | $17K | $172K | 10x | |
| BloFin KAITO-USDT | +0.0089% | 4h | 0.3431 | +0.012% | $544K | $56K | 75x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3432 | +0.041% | $115K | $34K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3432 | +0.043% | $17K | $12K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3434 | +0.097% | $10.5M | $15.4M | 75x | as long as short |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3436 | +0.157% | $4.2M | $6.6M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3431 | +0.012% | $4.1M | $10.4M | 50x | as long as short |
Kraken Futures PF_KAITOUSD
Reya KAITORUSDPERP
BloFin KAITO-USDT
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
Bybit KAITOUSDT
OKX KAITO-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate KAITO_USDT | +0.0100% | 4h | 0.3433 | +0.070% | $667K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3433 | +0.070% | $3.2M | $990K | 50x | as long as short |
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3432 | +0.041% | $1.4M | $183K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3439 | +0.245% | $4.2M | $2.9M | 75x | as long as short |
| BingX KAITO-USDC | +0.0100% | 4h | 0.3434 | +0.099% | — | $6.5M | — | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3425 | −0.150% | $43K | $237K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3428 | −0.084% | $233K | $3.0M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3426 | −0.134% | $27K | $256K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3431 | +0.020% | $13K | $3.8M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3429 | −0.041% | $3K | $2K | 10x | as long as short |
| Paradex KAITO-USD-PERP | +0.0101% | 8h | 0.3434 | +0.100% | $4K | $604 | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3435 | +0.135% | $57K | $37K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3430 | −0.006% | $238K | $1K | 3x | as long as short |
| edgeX KAITOUSDC | +0.0112% | 4h | 0.3426 | −0.125% | $17K | $321K | 5x | as long as short |
| 01 Exchange KAITOUSD | +0.0272% | 1h | 0.3430 | −0.026% | $6K | $4K | 3x | as long as short |
| Hyperliquid KAITO | +0.0593% | 1h | 0.3441 | +0.303% | $2.0M | $715K | 5x | as long as short |
| Lighter KAITO | +0.1056% | 1h | 0.3442 | +0.324% | $83K | $82K | 5x | as long as short |
Gate KAITO_USDT
MEXC KAITO_USDT
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDC
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Paradex KAITO-USD-PERP
Extended KAITO-USD
Aevo KAITO-PERP
edgeX KAITOUSDC
01 Exchange KAITOUSD
Hyperliquid KAITO
Lighter KAITO