Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1234%/8h= −135.1% APRpaid last 24h −0.183%

Price spread now: edgeX against Lighter−0.671%79s7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as 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−$1081.085% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.206%−$21 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and edgeX is 0.671% cheaper against Lighter than usual: you would sell low and buy high (−$67 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.206% in total (about -10.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter KAITO	0.3533	0.1344	pay 0.0168% / 1h	5m 56s	$88K	$101K	5x
Short	edgeX KAITOUSDC	0.3509	0.0110	get 0.0055% / 4h	3h 05m	$17K	$325K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Lighter. 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 LighterbpFee edgeXbpOrdersPrice spread, now −0.671%Rate

Funding earned: −$259.14
Price spread: −0.671% → 0.000%: −$67.1
Slippage, 4 orders: −$99.45
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$434.69
Costs to cover: 1.085%
Break-even: never at this rate

Slippage from Lighter: live order book, 28 min ago; edgeX: live order book, 47 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 Lighter live order book, 28 min ago	28.19 bp	51.3 bp −$51	85.6 bp −$856	doesn't fit	doesn't fit
Sell edgeX live order book, 47 min ago	2.82 bp	11.6 bp −$12	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
Backpack KAITO_USDC_PERP	−0.0380%	1h	0.3518	−0.436%	$19K	$180K	10x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.603%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0009%	1h	0.3511	−0.620%	$7K	$52K	12x	as long as short
Kraken Futures PF_KAITOUSD	+0.0030%	1h	0.3513	−0.564%	$247K	$156K	10x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3518	−0.420%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3521	−0.341%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3517	−0.450%	$10.7M	$16.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3522	−0.309%	$4.4M	$7.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3515	−0.507%	$4.3M	$10.8M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3517	−0.450%	$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	−0.450%	$3.2M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3521	−0.337%	$1.4M	$177K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3520	−0.365%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3519	−0.393%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3520	−0.368%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3511	−0.631%	$249K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3509	−0.676%	$29K	$261K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3520	−0.357%	$21K	$4.6M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3518	−0.436%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0104%	8h	0.3519	−0.396%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3518	−0.419%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3517	−0.439%	$244K	—	3x	as long as short
edgeX KAITOUSDCshort	+0.0110%	4h	0.3509	−0.671%	$17K	$325K	5x
BloFin KAITO-USDT	+0.0118%	4h	0.3515	−0.507%	$560K	$68K	75x	as long as short
Hyperliquid KAITO	+0.0753%	1h	0.3523	−0.269%	$2.1M	$832K	5x	as long as short
Lighter KAITOlong	+0.1344%	1h	0.3533	long leg	$88K	$101K	5x
01 Exchange KAITOUSD	+0.6424%	1h	0.3600	+1.902%	$6K	$2K	3x	as long as short