KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0318%/8h= −34.9% APRnext payment −$0.40 per $10,000 · paid last 24h −0.093%

Price spread now: Aevo against Hyperliquid−0.221%54s7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as 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−$1421.419% of the position

Long on Hyperliquid Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 3 days (all we have)+0.158%+$16 · spread now −0.221%, 7d avg −0.114%

Together, before fees+0.047%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aevo is 0.107% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.114%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.111% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid KAITO	0.3526	0.0422	pay 0.0053% / 1h	59m 24s	$2.1M	$782K	5x
Short	Aevo KAITO-PERP	0.3518	0.0104	get 0.0013% / 1h	59m 24s	$244K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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 HyperliquidbpFee AevobpOrdersPrice spread, now −0.221%Rate

Funding earned: −$66.86
Price spread: −0.221% → −0.114%: −$10.67
Slippage, 4 orders: −$116.86
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$219.39
Costs to cover: 1.419%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 1 min ago; Aevo: live order book, 4 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 Hyperliquid live order book, 1 min ago	0.99 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 4 min ago	41.14 bp	57.7 bp −$58	288.2 bp −$2,882	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	−0.0433%	1h	0.3519	−0.199%	$20K	$168K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3508	−0.519%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.426%	—	—	—	as long as short
Pacifica KAITO	+0.0100%	1h	0.3524	−0.071%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3521	−0.150%	$10.7M	$16.3M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3524	−0.065%	$4.5M	$7.1M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3517	−0.264%	$4.3M	$10.4M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3524	−0.065%	$690K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3520	−0.179%	$3.4M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3523	−0.094%	$1.4M	$165K	30x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KAITOUSDT	+0.0100%	4h	0.3527	+0.020%	$4.5M	$3.2M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3522	−0.122%	—	$6.8M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3526	+0.002%	$44K	$229K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3524	−0.066%	$241K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3519	−0.207%	$30K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3524	−0.077%	$14K	$4.2M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3520	−0.184%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3522	−0.131%	$79K	$54K	10x	as long as short
Aevo KAITO-PERPshort	+0.0104%	1h	0.3518	−0.221%	$244K	—	3x
Aster KAITOUSDT	+0.0105%	4h	0.3521	−0.147%	$117K	$39K	10x	as long as short
edgeX KAITOUSDC	+0.0112%	4h	0.3521	−0.155%	$18K	$325K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0123%	8h	0.3521	−0.150%	$4K	$604	10x	as long as short
Hyperliquid KAITOlong	+0.0422%	1h	0.3526	long leg	$2.1M	$782K	5x
Kraken Futures PF_KAITOUSD	+0.0965%	1h	0.3519	−0.217%	$245K	$148K	10x	as long as short
Lighter KAITO	+0.1464%	1h	0.3536	+0.286%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.9488%	1h	0.3619	+2.623%	$6K	$2K	3x	as long as short