KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0613%/8h= +67.2% APRnext payment +$0.77 per $10,000 · paid last 24h +0.095%

Price spread now: Lighter against Hyperliquid+0.421%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$920.925% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)−0.419%−$42 · spread now +0.421%, 7d avg +0.016%

Together, before fees−0.336%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Lighter is 0.405% dearer against Hyperliquid than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.016%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.77 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	0.3489	0.0219	pay 0.0027% / 1h	29m 03s	$2.0M	$939K	5x
Short	Lighter KAITO	0.3503	0.0832	get 0.0104% / 1h	29m 03s	$86K	$101K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.421%Rate

Funding earned: $128.82
Price spread: +0.421% → +0.016%: $40.5
Slippage, 4 orders: −$83.48
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $76.83
Costs to cover: 0.925%
Break-even: 2.8 days

Slippage from Hyperliquid: live order book, 2 min ago; Lighter: live order book, 41 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, 2 min ago	0.29 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 41 min ago	28.30 bp	29.2 bp −$29	116.1 bp −$1,161	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	−0.0418%	1h	0.3484	−0.126%	$246K	$165K	10x	as long as short
Backpack KAITO_USDC_PERP	−0.0288%	1h	0.3486	−0.072%	$18K	$197K	10x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.390%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0020%	1h	0.3535	+1.330%	$7K	$52K	12x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3488	−0.007%	$115K	$63K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3490	+0.051%	$19K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3486	−0.075%	$10.6M	$17.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3488	−0.017%	$4.6M	$8.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3485	−0.103%	$4.3M	$11.6M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3487	−0.046%	$648K	$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	0.3485	−0.103%	$3.5M	$1.3M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3487	−0.046%	$1.4M	$169K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3487	−0.046%	$4.4M	$3.6M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3485	−0.103%	—	$6.8M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3492	+0.095%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3493	+0.133%	$241K	$2.3M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3490	+0.040%	$29K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3488	−0.017%	$18K	$5.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3488	−0.029%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0104%	8h	0.3491	+0.081%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3485	−0.093%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3487	−0.060%	$242K	—	3x	as long as short
edgeX KAITOUSDC	+0.0119%	4h	0.3490	+0.031%	$17K	$329K	5x	as long as short
BloFin KAITO-USDT	+0.0141%	4h	0.3489	+0.011%	$554K	$67K	75x	as long as short
Hyperliquid KAITOlong	+0.0219%	1h	0.3489	long leg	$2.0M	$939K	5x
Lighter KAITOshort	+0.0832%	1h	0.3503	+0.421%	$86K	$101K	5x
01 Exchange KAITOUSD	+0.1880%	1h	0.3562	+2.110%	$6K	$608	3x	as long as short