Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Backpack against KuCoin+0.213%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1261.258% of the position

Long on KuCoin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.335%+$34 on $10k

Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.213%, 7d avg −0.037%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.251% dearer against KuCoin than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KAITOUSDTM	0.3467	0.0100	pay 0.0050% / 4h	3h 01m	$1.4M	$165K	30x
Short	Backpack KAITO_USDC_PERP	0.3474	0.0100	get 0.0013% / 1h	1m 46s	$18K	$161K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against KuCoin. 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 KuCoinbpFee BackpackbpOrdersPrice spread, now +0.213%Rate

Funding earned: $0
Price spread: +0.213% → −0.037%: $25.07
Slippage, 4 orders: −$103.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$100.73
Costs to cover: 1.258%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Backpack: live order book, 6 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 KuCoin live order book, 4 min ago	5.72 bp	44.5 bp −$44	997.1 bp −$9,971	doesn't fit	doesn't fit
Sell Backpack live order book, 6 min ago	1.43 bp	11.0 bp −$11	doesn't fit	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
Injective KAITO/USDC PERP	−0.0015%	1h	0.3486	+0.548%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.791%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0072%	4h	0.3483	+0.461%	$552K	$60K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3465	−0.055%	$118K	$36K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3485	+0.519%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3466	−0.019%	$10.6M	$15.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3468	+0.029%	$4.4M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3464	−0.087%	$4.2M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3469	+0.058%	$681K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3464	−0.087%	$3.3M	$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 KAITOUSDTMlong	+0.0100%	4h	0.3467	long leg	$1.4M	$165K	30x
Bitget KAITOUSDT	+0.0100%	4h	0.3468	+0.029%	$4.2M	$3.0M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3466	−0.029%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERPshort	+0.0100%	1h	0.3474	+0.213%	$18K	$161K	10x
Variational Omni KAITO	+0.0100%	4h	0.3500	+0.962%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3498	+0.898%	$236K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3495	+0.808%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3481	+0.389%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3464	−0.088%	$77K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3478	+0.332%	$241K	—	3x	as long as short
edgeX KAITOUSDC	+0.0106%	4h	0.3504	+1.072%	$17K	$323K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0110%	8h	0.3479	+0.352%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0147%	1h	0.3481	+0.404%	$17K	$4.1M	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0855%	1h	0.3476	+0.249%	$240K	$156K	10x	as long as short
Hyperliquid KAITO	+0.1113%	1h	0.3473	+0.166%	$2.0M	$766K	5x	as long as short
Lighter KAITO	+0.1768%	1h	0.3482	+0.421%	$89K	$90K	5x	as long as short
01 Exchange KAITOUSD	+0.2656%	1h	0.3481	+0.415%	$6K	$2K	3x	as long as short