Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0866%/8h= +94.8% APRpaid last 24h +0.201%

Price spread now: Kraken Futures against Bitget−0.104%58s7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as 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−$1771.767% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.702%+$70 on $10k

Price spread, last 3 days (all we have)+0.146%+$15 · spread now −0.104%, 7d avg +0.036%

Together, before fees+0.848%+$85 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.140% cheaper against Bitget than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of +0.036%). If the spread goes back, that is −$14 on $10k: about 13 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.702% in total) that is about 33 hours. The two prices were read 58 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	Bitget KAITOUSDT	0.3521	0.0100	pay 0.0050% / 4h	2h 18m	$4.4M	$3.2M	75x
Short	Kraken Futures PF_KAITOUSD	0.3517	0.0966	get 0.0121% / 1h	18m 21s	$245K	$147K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.104%Rate

Funding earned: $181.81
Price spread: −0.104% → +0.036%: −$13.99
Slippage, 4 orders: −$154.67
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$8.85
Costs to cover: 1.767%
Break-even: 7.3 days

Slippage from Bitget: live order book, 5 min ago; Kraken Futures: live order book, 49 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 Bitget live order book, 5 min ago	2.84 bp	16.8 bp −$17	45.9 bp −$459	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 49 min ago	5.71 bp	60.8 bp −$61	179.6 bp −$1,796	doesn't fit	doesn't fit

KAITO on 26 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_PERP	−0.0404%	1h	0.3515	−0.156%	$20K	$174K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3474	−1.335%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.281%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3516	−0.148%	$117K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3520	−0.028%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3518	−0.098%	$10.7M	$16.3M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3522	+0.028%	$4.5M	$7.1M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3516	−0.142%	$4.3M	$10.3M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3518	−0.085%	$684K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3515	−0.170%	$3.3M	$1.1M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3520	−0.028%	$1.4M	$163K	30x	as long as short
Bitget KAITOUSDTlong	+0.0100%	4h	0.3521	long leg	$4.4M	$3.2M	75x
BingX KAITO-USDT	+0.0100%	4h	0.3519	−0.057%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3517	−0.104%	$44K	$229K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3511	−0.279%	$240K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3513	−0.227%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3515	−0.176%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3520	−0.040%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3517	−0.115%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0114%	4h	0.3512	−0.250%	$17K	$324K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0120%	8h	0.3519	−0.058%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0139%	1h	0.3519	−0.051%	$17K	$4.2M	5x	as long as short
Hyperliquid KAITO	+0.0931%	1h	0.3523	+0.060%	$2.1M	$785K	5x	as long as short
Kraken Futures PF_KAITOUSDshort	+0.0966%	1h	0.3517	−0.104%	$245K	$147K	10x
Lighter KAITO	+0.1416%	1h	0.3530	+0.270%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.6712%	1h	0.3616	+2.704%	$6K	$2K	3x	as long as short