Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h −0.217%

Price spread now: Binance against Kraken Futures+0.144%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$259as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1831.827% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.766%−$77 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.144%, 7d avg −0.017%

Together, before fees−0.960%−$96 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.160% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.766%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KAITOUSD	0.3513	0.0030	pay 0.0004% / 1h	6m 09s	$247K	$156K	10x
Short	Binance KAITOUSDT	0.3518	0.0100	get 0.0050% / 4h	3h 06m	$10.7M	$16.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now +0.144%Rate

Funding earned: $14.69
Price spread: +0.144% → −0.017%: $16.02
Slippage, 4 orders: −$162.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$151.98
Costs to cover: 1.827%
Break-even: 79.4 days

Slippage from Kraken Futures: live order book, 46 min ago; Binance: live order book, 5 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 Kraken Futures live order book, 46 min ago	5.65 bp	73.8 bp −$74	12267.7 bp −$122.7K	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	1.42 bp	12.2 bp −$12	36.3 bp −$363	324.3 bp −$32.4K	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	−0.0380%	1h	0.3518	+0.129%	$19K	$180K	10x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.061%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0009%	1h	0.3511	−0.056%	$7K	$52K	12x	as long as short
Kraken Futures PF_KAITOUSDlong	+0.0030%	1h	0.3513	long leg	$247K	$156K	10x
Aster KAITOUSDT	+0.0100%	4h	0.3518	+0.145%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3521	+0.225%	$18K	$14K	5x	as long as short
Binance KAITOUSDTshort	+0.0100%	4h	0.3518	+0.144%	$10.7M	$16.9M	75x
Bybit KAITOUSDT	+0.0100%	4h	0.3522	+0.257%	$4.4M	$7.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3515	+0.058%	$4.3M	$10.8M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3517	+0.115%	$664K	$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	0.3517	+0.115%	$3.2M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3521	+0.229%	$1.4M	$177K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3520	+0.200%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3519	+0.172%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3515	+0.054%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3511	−0.066%	$249K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3509	−0.113%	$29K	$261K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3520	+0.209%	$21K	$4.6M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3518	+0.129%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0104%	8h	0.3519	+0.170%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3518	+0.153%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3517	+0.126%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0110%	4h	0.3509	−0.107%	$17K	$325K	5x	as long as short
BloFin KAITO-USDT	+0.0118%	4h	0.3515	+0.058%	$560K	$68K	75x	as long as short
Hyperliquid KAITO	+0.0753%	1h	0.3523	+0.297%	$2.1M	$832K	5x	as long as short
Lighter KAITO	+0.1344%	1h	0.3533	+0.568%	$88K	$101K	5x	as long as short
01 Exchange KAITOUSD	+0.6424%	1h	0.3600	+2.481%	$6K	$2K	3x	as long as short