Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0483%/8h= −52.9% APRpaid last 24h −0.020%

Price spread now: Backpack against Gate+0.096%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.342%+$34 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.096%, 7d avg −0.041%

Together, before fees+0.233%+$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.137% dearer against Gate than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of −0.041%): +$14 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 7 days funding on this pair paid +0.342%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KAITO_USDT	0.3539	0.0100	pay 0.0050% / 4h	3h 50m	$677K	$1.7M	75x
Short	Backpack KAITO_USDC_PERP	0.3542	−0.0383	pay 0.0048% / 1h	50m 17s	$19K	$177K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$101.41
Price spread: +0.096% → −0.041%: $13.67
Slippage, 4 orders: −$47.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$160.53
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Backpack: live order book, 3 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 Gate live order book, 2 min ago	1.41 bp	23.5 bp −$24	71.6 bp −$716	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.85 bp	15.1 bp −$15	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
Backpack KAITO_USDC_PERPshort	−0.0383%	1h	0.3542	+0.096%	$19K	$177K	10x
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.764%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0009%	1h	0.3531	−0.226%	$7K	$52K	12x	as long as short
Kraken Futures PF_KAITOUSD	+0.0030%	1h	0.3535	−0.105%	$248K	$155K	10x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3538	−0.018%	$120K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3542	+0.094%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3537	−0.057%	$10.8M	$16.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3537	−0.057%	$4.4M	$7.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3532	−0.198%	$4.4M	$10.7M	50x	as long as short
Gate KAITO_USDTlong	+0.0100%	4h	0.3539	long leg	$677K	$1.7M	75x

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KAITO_USDT	+0.0100%	4h	0.3537	−0.057%	$3.2M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3541	+0.057%	$1.4M	$167K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3539	0.000%	$4.5M	$3.4M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3537	−0.057%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3543	+0.124%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3543	+0.113%	$244K	$2.6M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3539	0.000%	$28K	$258K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3538	−0.025%	$20K	$4.4M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3537	−0.057%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3536	−0.098%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3536	−0.071%	$245K	—	3x	as long as short
edgeX KAITOUSDC	+0.0114%	4h	0.3538	−0.020%	$17K	$324K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0117%	8h	0.3539	−0.006%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0155%	4h	0.3543	+0.113%	$558K	$68K	75x	as long as short
Hyperliquid KAITO	+0.0655%	1h	0.3543	+0.102%	$2.1M	$817K	5x	as long as short
01 Exchange KAITOUSD	+0.0672%	1h	0.3537	−0.065%	$6K	$2K	3x	as long as short
Lighter KAITO	+0.1136%	1h	0.3551	+0.342%	$87K	$92K	5x	as long as short