Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%
Price spread now: Backpack against Binance+0.115%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 7 days+0.350%+$35 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.115%, 7d avg −0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.127% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KAITOUSDT | 0.3504 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $10.7M | $17.2M | 75x |
| Short | Backpack KAITO_USDC_PERP | 0.3508 | 0.0100 | get 0.0013% / 1h | 56m 22s | $20K | $185K | 10x |
Binance KAITOUSDT
Backpack KAITO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. 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
- Price spread: +0.115% → −0.012%
- $12.74
- Slippage, 4 orders
- −$30.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$37.42
- Costs to cover
- 0.502%
- Break-even
- never at this rate
Slippage from Binance: live order book, 14 min ago; Backpack: live order book, 52 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 Binance live order book, 14 min ago | 1.42 bp | 13.9 bp −$14 | 43.2 bp −$432 | 496.9 bp −$49.7K | doesn't fit |
| Sell Backpack live order book, 52 min ago | 0.99 bp | 11.4 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −3.828% | — | — | — | as long as short |
| Injective KAITO/USDC PERP | +0.0044% | 1h | 0.3517 | +0.358% | $7K | $52K | 12x | as long as short |
| BloFin KAITO-USDT | +0.0083% | 4h | 0.3512 | +0.215% | $555K | $68K | 75x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3504 | −0.007% | $118K | $51K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3506 | +0.050% | $18K | $14K | 5x | as long as short |
| Binance KAITOUSDTlong | +0.0100% | 4h | 0.3504 | long leg | $10.7M | $17.2M | 75x | |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3507 | +0.072% | $4.4M | $8.0M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3503 | −0.042% | $4.3M | $11.1M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3505 | +0.015% | $659K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3503 | −0.042% | $3.0M | $1.1M | 50x | as long as short |
Reya KAITORUSDPERP
Injective KAITO/USDC PERP
BloFin KAITO-USDT
Aster KAITOUSDT
Pacifica KAITO
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 | 0.3509 | +0.130% | $1.4M | $171K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3508 | +0.101% | $4.4M | $3.5M | 75x | as long as short |
| BingX KAITO-USDT | +0.0100% | 4h | 0.3505 | +0.015% | — | $6.7M | — | as long as short |
| Backpack KAITO_USDC_PERPshort | +0.0100% | 1h | 0.3508 | +0.115% | $20K | $185K | 10x | |
| Variational Omni KAITO | +0.0100% | 4h | 0.3513 | +0.254% | $44K | $211K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3514 | +0.277% | $239K | $2.5M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3514 | +0.272% | $29K | $260K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3506 | +0.044% | $12K | $4.6M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3504 | −0.007% | $3K | $2K | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3506 | +0.032% | $80K | $63K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3504 | +0.001% | $243K | — | 3x | as long as short |
| edgeX KAITOUSDC | +0.0106% | 4h | 0.3510 | +0.171% | $18K | $324K | 5x | as long as short |
| Paradex KAITO-USD-PERP | +0.0114% | 8h | 0.3505 | +0.015% | $4K | $604 | 10x | as long as short |
| Hyperliquid KAITO | +0.0645% | 1h | 0.3509 | +0.130% | $2.1M | $865K | 5x | as long as short |
| Kraken Futures PF_KAITOUSD | +0.0809% | 1h | 0.3505 | +0.006% | $246K | $156K | 10x | as long as short |
| Lighter KAITO | +0.1544% | 1h | 0.3520 | +0.449% | $87K | $101K | 5x | as long as short |
| 01 Exchange KAITOUSD | +0.7664% | 1h | 0.3586 | +2.327% | $6K | $988 | 3x | as long as short |
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDT
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Extended KAITO-USD
Aevo KAITO-PERP
edgeX KAITOUSDC
Paradex KAITO-USD-PERP
Hyperliquid KAITO
Kraken Futures PF_KAITOUSD
Lighter KAITO
01 Exchange KAITOUSD