Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0368%/8h= +40.2% APRnext payment +$0.46 per $10,000 · paid last 24h —

Price spread now: Reya against Injective−4.145%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 4.145% cheaper against Injective than usual: you would sell low and buy high (spread −4.145% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$415 on $10k: about 38 days of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective KAITO/USDC PERP	0.3516	−0.0368	get 0.0046% / 1h	3m 15s	$7K	$52K	12x
Short	Reya KAITORUSDPERP	0.3370	0	get 0.0000% / 1h	3m 15s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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 InjectivebpFee ReyabpOrdersPrice spread, now −4.145%Rate

Funding earned: $77.18
Price spread: −4.145% → 0.000%: −$414.53
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: −$343.36
Costs to cover: 0.060%
Break-even: 38.1 days

Slippage unknown: Injective: no order-book sample; Reya: 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 Injective no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Injective and Reya: 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
Injective KAITO/USDC PERPlong	−0.0368%	1h	0.3516	long leg	$7K	$52K	12x
Reya KAITORUSDPERPshort	0.0000%	1h	0.3370	−4.145%	—	—	—
BloFin KAITO-USDT	+0.0099%	4h	0.3486	−0.853%	$558K	$66K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3483	−0.950%	$119K	$48K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3479	−1.039%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3485	−0.884%	$10.6M	$16.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3488	−0.796%	$4.4M	$7.4M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3484	−0.910%	$4.3M	$10.6M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3485	−0.882%	$668K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3482	−0.967%	$3.4M	$1.1M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3485	−0.882%	$1.4M	$167K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3487	−0.825%	$4.4M	$3.3M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3483	−0.939%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3488	−0.796%	$19K	$163K	10x	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3490	−0.739%	$234K	$2.6M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3486	−0.853%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3485	−0.890%	$17K	$4.2M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3484	−0.910%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3486	−0.849%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3482	−0.958%	$242K	—	3x	as long as short
edgeX KAITOUSDC	+0.0110%	4h	0.3486	−0.867%	$17K	$324K	5x	as long as short
Variational Omni KAITO	+0.0117%	4h	0.3487	−0.816%	$44K	$228K	—	as long as short
Paradex KAITO-USD-PERP	+0.0124%	8h	0.3481	−0.999%	$4K	$604	10x	as long as short
Kraken Futures PF_KAITOUSD	+0.0703%	1h	0.3487	−0.824%	$244K	$154K	10x	as long as short
Hyperliquid KAITO	+0.0870%	1h	0.3489	−0.776%	$2.0M	$796K	5x	as long as short
Lighter KAITO	+0.1504%	1h	0.3502	−0.395%	$86K	$94K	5x	as long as short
01 Exchange KAITOUSD	+0.7896%	1h	0.3580	+1.820%	$6K	$2K	3x	as long as short