Funding you earn now, next payment 02:00 UTC−0.0400%/8h= −43.8% APRnext payment −$0.50 per $10,000 · paid last 24h +0.140%
Price spread now: Backpack against Injective−0.072%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.440%−$44 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Backpack is 0.072% cheaper against Injective than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective KAITO/USDC PERP | 0.3466 | −0.0064 | get 0.0008% / 1h | 48m 00s | $7K | $52K | 12x |
| Short | Backpack KAITO_USDC_PERP | 0.3463 | −0.0463 | pay 0.0058% / 1h | 48m 00s | $20K | $172K | 10x |
Injective KAITO/USDC PERP
Backpack KAITO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$83.97
- Price spread: −0.072% → 0.000%
- −$7.21
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$101.2
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Backpack: live order book, 20 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 20 min ago | 1.43 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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_PERPshort | −0.0463% | 1h | 0.3463 | −0.072% | $20K | $172K | 10x | |
| Injective KAITO/USDC PERPlong | −0.0064% | 1h | 0.3466 | long leg | $7K | $52K | 12x | |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −2.760% | — | — | — | as long as short |
| BloFin KAITO-USDT | +0.0076% | 4h | 0.3463 | −0.087% | $555K | $61K | 75x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3463 | −0.086% | $115K | $38K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3471 | +0.139% | $18K | $12K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3465 | −0.024% | $10.5M | $16.2M | 75x | as long as short |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3468 | +0.058% | $4.3M | $7.0M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3464 | −0.058% | $4.1M | $10.1M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3466 | 0.000% | $678K | $1.7M | 75x | as long as short |
Reya KAITORUSDPERP
BloFin KAITO-USDT
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
Bybit KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDTShow 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 | 0.000% | $3.3M | $1.0M | 50x | as long as short |
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3467 | +0.029% | $1.4M | $167K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3472 | +0.173% | $4.3M | $3.1M | 75x | as long as short |
| BingX KAITO-USDT | +0.0100% | 4h | 0.3466 | 0.000% | — | $6.7M | — | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3463 | −0.073% | $43K | $230K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3464 | −0.056% | $237K | $2.8M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3459 | −0.202% | $30K | $256K | 50x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3463 | −0.087% | $3K | $2K | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3465 | −0.018% | $77K | $54K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3464 | −0.058% | $240K | — | 3x | as long as short |
| edgeX KAITOUSDC | +0.0112% | 4h | 0.3456 | −0.292% | $17K | $323K | 5x | as long as short |
| Paradex KAITO-USD-PERP | +0.0114% | 8h | 0.3466 | +0.011% | $4K | $604 | 10x | as long as short |
| Polymarket Perps KAITO-USD | +0.0161% | 1h | 0.3466 | −0.014% | $17K | $4.1M | 5x | as long as short |
| Kraken Futures PF_KAITOUSD | +0.0980% | 1h | 0.3465 | −0.039% | $240K | $157K | 10x | as long as short |
| Hyperliquid KAITO | +0.1064% | 1h | 0.3473 | +0.193% | $2.0M | $777K | 5x | as long as short |
| Lighter KAITO | +0.1184% | 1h | 0.3478 | +0.343% | $86K | $93K | 5x | as long as short |
| 01 Exchange KAITOUSD | +0.4264% | 1h | 0.3549 | +2.400% | $6K | $2K | 3x | as long as short |
MEXC KAITO_USDT
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDT
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Orderly PERP_KAITO_USDC_mythos
Extended KAITO-USD
Aevo KAITO-PERP
edgeX KAITOUSDC
Paradex KAITO-USD-PERP
Polymarket Perps KAITO-USD
Kraken Futures PF_KAITOUSD
Hyperliquid KAITO
Lighter KAITO
01 Exchange KAITOUSD