Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0870%/8h= −95.2% APRpaid last 24h −0.201%

Price spread now: Bitget against Kraken Futures+0.285%48s7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1751.753% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.702%−$70 on $10k

Price spread, last 3 days (all we have)−0.327%−$33 · spread now +0.285%, 7d avg −0.036%

Together, before fees−1.029%−$103 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.321% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.285% now, against its 7-day average of −0.036%): +$32 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.702% in total) that is about 3.2 days. The two prices were read 48 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	Kraken Futures PF_KAITOUSD	0.3503	0.0970	pay 0.0121% / 1h	16m 26s	$244K	$148K	10x
Short	Bitget KAITOUSDT	0.3513	0.0100	get 0.0050% / 4h	2h 16m	$4.4M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.285%Rate

Funding earned: −$182.64
Price spread: +0.285% → −0.036%: $32.06
Slippage, 4 orders: −$153.28
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$325.86
Costs to cover: 1.753%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 51 min ago; Bitget: live order book, 2 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, 51 min ago	5.71 bp	81.3 bp −$81	12135.6 bp −$121.4K	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.43 bp	18.6 bp −$19	51.5 bp −$515	doesn't fit	doesn't fit

KAITO on 26 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	−0.0405%	1h	0.3502	−0.024%	$19K	$175K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3474	−0.829%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.791%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3504	+0.020%	$116K	$39K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3507	+0.103%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3507	+0.113%	$10.6M	$16.4M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3511	+0.228%	$4.5M	$7.1M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3505	+0.056%	$4.3M	$10.4M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3508	+0.142%	$679K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3506	+0.085%	$3.3M	$1.1M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3506	+0.085%	$1.4M	$164K	30x	as long as short
Bitget KAITOUSDTshort	+0.0100%	4h	0.3513	+0.285%	$4.4M	$3.2M	75x
BingX KAITO-USDC	+0.0100%	4h	0.3507	+0.113%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3517	+0.409%	$44K	$229K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3512	+0.256%	$240K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3513	+0.285%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3506	+0.079%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3507	+0.109%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3502	−0.032%	$243K	—	3x	as long as short
edgeX KAITOUSDC	+0.0119%	4h	0.3513	+0.296%	$17K	$324K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0121%	8h	0.3505	+0.050%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0138%	1h	0.3509	+0.182%	$16K	$4.2M	5x	as long as short
Hyperliquid KAITO	+0.0917%	1h	0.3513	+0.274%	$2.1M	$785K	5x	as long as short
Kraken Futures PF_KAITOUSDlong	+0.0970%	1h	0.3503	long leg	$244K	$148K	10x
Lighter KAITO	+0.1408%	1h	0.3520	+0.487%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.6776%	1h	0.3580	+2.197%	$6K	$2K	3x	as long as short