Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0532%/8h= +58.3% APRpaid last 24h −0.150%

Price spread now: Variational Omni against Kraken Futures−0.185%7-day average +0.029% · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.557%−$56 on $10k

Price spread, last 3 days (all we have)+0.051%+$5 · spread now −0.185%, 7d avg +0.029%

Together, before fees−0.506%+ Points / potential airdropVariational Omni: Active · farm board−$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.214% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.185% now, against its 7-day average of +0.029%). If the spread goes back, that is −$21 on $10k: about 32 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 3 days funding on this pair cost −0.557%, 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	0.3467	−0.0432	get 0.0054% / 1h	23m 41s	$238K	$158K	10x
Short	Variational Omni KAITO	0.3461	0.0100	get 0.0050% / 4h	1h 23m	$43K	$234K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.185%Rate

Funding earned: $111.73
Price spread: −0.185% → +0.029%: −$21.43
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $80.3
Costs to cover: 0.100%
Break-even: 2.0 days

Slippage unknown: Kraken Futures: live order book, 59 min ago; Variational Omni: RFQ quote, 60 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 Kraken Futures live order book, 59 min ago	5.77 bp	94.6 bp −$95	12086.8 bp −$120.9K	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 60 min ago	4.32 bp	doesn't fit	84.9 bp −$849	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
Kraken Futures PF_KAITOUSDlong	−0.0432%	1h	0.3467	long leg	$238K	$158K	10x
Injective KAITO/USDC PERP	−0.0055%	1h	0.3446	−0.620%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.805%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0044%	4h	0.3458	−0.273%	$539K	$60K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3467	−0.013%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3467	−0.024%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3466	−0.043%	$10.5M	$15.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3469	+0.044%	$4.3M	$6.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3464	−0.100%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3467	−0.014%	$677K	$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	0.3465	−0.072%	$3.3M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3465	−0.072%	$1.4M	$167K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3470	+0.073%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3466	−0.043%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3466	−0.054%	$18K	$168K	10x	as long as short
Variational Omni KAITOshort	+0.0100%	4h	0.3461	−0.185%	$43K	$234K	—
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3459	−0.232%	$241K	$3.1M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3456	−0.331%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3467	−0.014%	$11K	$4.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3466	−0.034%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3465	−0.073%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0101%	4h	0.3458	−0.265%	$17K	$320K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3468	+0.010%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3467	−0.014%	$241K	$1K	3x	as long as short
01 Exchange KAITOUSD	+0.0280%	1h	0.3467	−0.008%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0783%	1h	0.3471	+0.110%	$2.0M	$739K	5x	as long as short
Lighter KAITO	+0.1224%	1h	0.3477	+0.283%	$83K	$82K	5x	as long as short