KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0654%/8h= −71.6% APRnext payment −$0.82 per $10,000 · paid last 24h −0.062%

Price spread now: ApeX Omni against Hyperliquid−0.205%105s7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$498as 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−$4914.907% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 3 days (all we have)+0.246%+$25 · spread now −0.205%, 7d avg −0.123%

Together, before fees+0.178%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and ApeX Omni is 0.082% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.123%). Swap the legs. The two prices were read 105 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 -0.068% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.82 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	0.3486	0.0754	pay 0.0094% / 1h	7m 44s	$2.0M	$741K	5x
Short	ApeX Omni KAITOUSDT	0.3479	0.0100	get 0.0013% / 1h	7m 44s	$30K	$257K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.205%Rate

Funding earned: −$137.34
Price spread: −0.205% → −0.123%: −$8.21
Slippage, 4 orders: −$471.75
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$636.3
Costs to cover: 4.907%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; ApeX Omni: live order book, 9 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, 3 min ago	1.43 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 9 min ago	8.62 bp	217.9 bp −$218	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
Kraken Futures PF_KAITOUSD	−0.0430%	1h	0.3480	−0.179%	$239K	$157K	10x	as long as short
Injective KAITO/USDC PERP	−0.0055%	1h	0.3461	−0.721%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.325%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0065%	4h	0.3490	+0.110%	$544K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3481	−0.141%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3482	−0.127%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3480	−0.176%	$10.5M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3481	−0.148%	$4.3M	$6.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3478	−0.234%	$4.1M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3483	−0.090%	$689K	$1.7M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KAITO_USDT	+0.0100%	4h	0.3476	−0.291%	$3.3M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3481	−0.148%	$1.4M	$167K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3484	−0.062%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3479	−0.205%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3477	−0.274%	$19K	$168K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3488	+0.054%	$44K	$234K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3477	−0.261%	$235K	$3.1M	10x	as long as short
ApeX Omni KAITOUSDTshort	+0.0100%	1h	0.3479	−0.205%	$30K	$257K	50x
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3481	−0.153%	$14K	$4.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3481	−0.153%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3481	−0.135%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0103%	4h	0.3484	−0.062%	$17K	$321K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3478	−0.233%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3479	−0.218%	$241K	$1K	3x	as long as short
Hyperliquid KAITOlong	+0.0754%	1h	0.3486	long leg	$2.0M	$741K	5x
Lighter KAITO	+0.1192%	1h	0.3492	+0.168%	$83K	$82K	5x	as long as short
01 Exchange KAITOUSD	+0.2264%	1h	0.3572	+2.463%	$6K	$2K	3x	as long as short