Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0910%/8h= −99.7% APRpaid last 24h −0.094%

Price spread now: Orderly against Hyperliquid+0.034%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.034% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid KAITO	0.3478	0.1010	pay 0.0126% / 1h	42m 47s	$2.0M	$785K	5x
Short	Orderly PERP_KAITO_USDC_mythos	0.3480	0.0100	get 0.0050% / 4h	2h 42m	$3K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.034%Rate

Funding earned: −$191.13
Price spread: +0.034% → 0.000%: $3.45
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$202.68
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; Orderly: no order-book sample. Net counts fees only.

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, 8 min ago	1.01 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_PERP	−0.0464%	1h	0.3477	−0.046%	$20K	$173K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3466	−0.356%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.107%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0076%	4h	0.3463	−0.443%	$555K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3476	−0.078%	$115K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3473	−0.159%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3471	−0.213%	$10.6M	$16.3M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3476	−0.069%	$4.4M	$7.0M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3471	−0.213%	$4.2M	$10.2M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3478	−0.011%	$682K	$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	0.3471	−0.213%	$3.3M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3478	−0.011%	$1.4M	$168K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3476	−0.069%	$4.3M	$3.2M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3475	−0.098%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3465	−0.372%	$43K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3466	−0.344%	$237K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3466	−0.356%	$30K	$256K	50x	as long as short
Orderly PERP_KAITO_USDC_mythosshort	+0.0100%	4h	0.3480	+0.034%	$3K	$2K	10x
edgeX KAITOUSDC	+0.0102%	4h	0.3464	−0.401%	$17K	$325K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3473	−0.151%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3480	+0.047%	$242K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0120%	8h	0.3471	−0.216%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0134%	1h	0.3482	+0.106%	$17K	$4.1M	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0976%	1h	0.3481	+0.088%	$242K	$159K	10x	as long as short
Hyperliquid KAITOlong	+0.1010%	1h	0.3478	long leg	$2.0M	$785K	5x
Lighter KAITO	+0.1336%	1h	0.3486	+0.210%	$86K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.5456%	1h	0.3559	+2.320%	$6K	$2K	3x	as long as short