Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Bybit−0.186%49s7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as 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−$1581.577% of the position

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.186%, 7d avg −0.070%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.116% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.070%. The two prices were read 49 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	Bybit KAITOUSDT	0.3495	0.0100	pay 0.0050% / 4h	1h 27m	$4.3M	$8.0M	75x
Short	Aevo KAITO-PERP	0.3488	0.0104	get 0.0013% / 1h	27m 27s	$242K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.186%Rate

Funding earned: $0.84
Price spread: −0.186% → −0.070%: −$11.61
Slippage, 4 orders: −$130.67
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$168.44
Costs to cover: 1.577%
Break-even: 1410.7 days

Slippage from Bybit: live order book, 11 min ago; Aevo: live order book, 16 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 Bybit live order book, 11 min ago	1.43 bp	19.8 bp −$20	77.2 bp −$772	doesn't fit	doesn't fit
Sell Aevo live order book, 16 min ago	37.09 bp	52.6 bp −$53	255.5 bp −$2,555	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	−3.569%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0044%	1h	0.3495	0.000%	$7K	$52K	12x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3492	−0.091%	$117K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3494	−0.015%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3494	−0.022%	$10.6M	$17.2M	75x	as long as short
Bybit KAITOUSDTlong	+0.0100%	4h	0.3495	long leg	$4.3M	$8.0M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3493	−0.057%	$4.3M	$11.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3491	−0.114%	$655K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3492	−0.086%	$3.0M	$1.2M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3493	−0.057%	$1.4M	$164K	30x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KAITOUSDT	+0.0100%	4h	0.3493	−0.057%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3493	−0.057%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3489	−0.157%	$19K	$189K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3486	−0.261%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3487	−0.217%	$238K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3490	−0.143%	$29K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3495	−0.003%	$16K	$4.7M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3488	−0.206%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3494	−0.038%	$80K	$63K	10x	as long as short
Aevo KAITO-PERPshort	+0.0104%	1h	0.3488	−0.186%	$242K	—	3x
edgeX KAITOUSDC	+0.0106%	4h	0.3487	−0.217%	$17K	$324K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0118%	8h	0.3493	−0.047%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0138%	4h	0.3490	−0.143%	$552K	$66K	75x	as long as short
Hyperliquid KAITO	+0.0692%	1h	0.3499	+0.109%	$2.0M	$867K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0813%	1h	0.3489	−0.168%	$245K	$156K	10x	as long as short
Lighter KAITO	+0.1480%	1h	0.3509	+0.403%	$86K	$102K	5x	as long as short
01 Exchange KAITOUSD	+0.8432%	1h	0.3580	+2.435%	$6K	$988	3x	as long as short