KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1063%/8h= −116.4% APRnext payment −$1.33 per $10,000 · paid last 24h −0.195%

Price spread now: Polymarket Perps against Lighter−0.340%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$990.989% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.570%−$57 on $10k

Price spread, last 4 days (all we have)+1.212%+$121 · spread now −0.340%, 7d avg −0.068%

Together, before fees+0.642%+ Points / potential airdropLighter: Season 3 · farm board+$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Polymarket Perps is 0.272% cheaper against Lighter than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.068%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.570% in total (about -29.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.33 per $10,000. 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	0.3532	0.1272	pay 0.0159% / 1h	46m 03s	$87K	$100K	5x
Short	Polymarket Perps KAITO-USD	0.3520	0.0209	get 0.0026% / 1h	46m 03s	$18K	$4.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.340%Rate

Funding earned: −$223.22
Price spread: −0.340% → −0.068%: −$27.18
Slippage, 4 orders: −$90.9
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$349.3
Costs to cover: 0.989%
Break-even: never at this rate

Slippage from Lighter: live order book, 48 min ago; Polymarket Perps: live order book, 3 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, 48 min ago	28.19 bp	51.3 bp −$51	85.6 bp −$856	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	1.42 bp	8.2 bp −$8	8.5 bp −$85	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	−0.0219%	1h	0.3517	−0.422%	$19K	$185K	10x	as long as short
Injective KAITO/USDC PERP	−0.0060%	1h	0.3507	−0.705%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.574%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3518	−0.385%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3521	−0.297%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3518	−0.393%	$10.8M	$16.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3518	−0.394%	$4.4M	$7.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3514	−0.507%	$4.3M	$10.8M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3519	−0.365%	$660K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3517	−0.422%	$3.2M	$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 KAITOUSDTM	+0.0100%	4h	0.3521	−0.309%	$1.4M	$179K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3523	−0.252%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3517	−0.422%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3520	−0.340%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3522	−0.274%	$250K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3519	−0.365%	$29K	$261K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3519	−0.360%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3516	−0.441%	$80K	$64K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3517	−0.433%	$244K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0107%	8h	0.3519	−0.370%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0116%	4h	0.3522	−0.294%	$17K	$326K	5x	as long as short
BloFin KAITO-USDT	+0.0127%	4h	0.3523	−0.252%	$557K	$68K	75x	as long as short
Polymarket Perps KAITO-USDshort	+0.0209%	1h	0.3520	−0.340%	$18K	$4.6M	5x
Kraken Futures PF_KAITOUSD	+0.0384%	1h	0.3517	−0.415%	$247K	$154K	10x	as long as short
Hyperliquid KAITO	+0.0852%	1h	0.3522	−0.275%	$2.1M	$843K	5x	as long as short
Lighter KAITOlong	+0.1272%	1h	0.3532	long leg	$87K	$100K	5x
01 Exchange KAITOUSD	+0.8112%	1h	0.3600	+1.931%	$6K	$1K	3x	as long as short