KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0899%/8h= −98.5% APRnext payment −$1.12 per $10,000 · paid last 24h −0.089%

Price spread now: Polymarket Perps against Hyperliquid−0.158%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

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

costs, in and out, $10k−$420.423% of the position

Long on Hyperliquid Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.485%−$49 on $10k

Price spread, last 7 days+0.081%+$8 · spread now −0.158%, 7d avg −0.063%

Together, before fees−0.405%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Polymarket Perps is 0.095% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.063%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.485% in total (about -25.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.12 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	0.3471	0.1061	pay 0.0133% / 1h	47m 49s	$2.0M	$777K	5x
Short	Polymarket Perps KAITO-USD	0.3466	0.0161	get 0.0020% / 1h	47m 49s	$17K	$4.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.158%Rate

Funding earned: −$188.87
Price spread: −0.158% → −0.063%: −$9.52
Slippage, 4 orders: −$25.35
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$240.73
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; Polymarket Perps: live order book, 1 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	1.01 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.74 bp	7.9 bp −$8	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_PERP	−0.0463%	1h	0.3463	−0.216%	$20K	$172K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3466	−0.144%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.900%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0076%	4h	0.3463	−0.230%	$555K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3464	−0.190%	$115K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3471	−0.005%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3464	−0.190%	$10.5M	$16.2M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3468	−0.086%	$4.3M	$7.0M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3463	−0.230%	$4.1M	$10.1M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3467	−0.115%	$678K	$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	0.3466	−0.144%	$3.3M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3467	−0.115%	$1.4M	$167K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3471	0.000%	$4.3M	$3.1M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3467	−0.115%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3463	−0.217%	$43K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3464	−0.200%	$237K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3459	−0.346%	$30K	$256K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3463	−0.230%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3465	−0.162%	$77K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3464	−0.202%	$240K	—	3x	as long as short
edgeX KAITOUSDC	+0.0112%	4h	0.3456	−0.435%	$17K	$323K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0114%	8h	0.3466	−0.133%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USDshort	+0.0161%	1h	0.3466	−0.158%	$17K	$4.1M	5x
Kraken Futures PF_KAITOUSD	+0.0980%	1h	0.3465	−0.183%	$240K	$157K	10x	as long as short
Hyperliquid KAITOlong	+0.1061%	1h	0.3471	long leg	$2.0M	$777K	5x
Lighter KAITO	+0.1184%	1h	0.3477	+0.182%	$86K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.4264%	1h	0.3549	+2.253%	$6K	$2K	3x	as long as short