Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1380%/8h= +151.1% APRpaid last 24h +0.200%

Price spread now: Lighter against OKX+0.230%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$880.875% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.305%+$31 on $10k

Price spread, last 4 days (all we have)−0.270%−$27 · spread now +0.230%, 7d avg +0.121%

Together, before fees+0.035%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Lighter is 0.110% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.121%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.305% in total (about 15.9% 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	OKX KAITO-USDT-SWAP	0.3474	0.0100	pay 0.0050% / 4h	2h 24m	$4.2M	$10.9M	50x
Short	Lighter KAITO	0.3482	0.1480	get 0.0185% / 1h	24m 19s	$86K	$100K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.230%Rate

Funding earned: $289.8
Price spread: +0.230% → +0.121%: $10.98
Slippage, 4 orders: −$77.51
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $213.27
Costs to cover: 0.875%
Break-even: 1.8 days

Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 1 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 OKX live order book, 4 min ago	1.44 bp	12.4 bp −$12	39.7 bp −$397	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	10.47 bp	11.9 bp −$12	88.8 bp −$888	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	−0.0279%	1h	0.3471	−0.081%	$20K	$186K	10x	as long as short
Injective KAITO/USDC PERP	−0.0060%	1h	0.3470	−0.115%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.982%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0084%	4h	0.3477	+0.086%	$556K	$67K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3475	+0.022%	$117K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3471	−0.086%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3477	+0.080%	$10.6M	$17.1M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3480	+0.173%	$4.3M	$8.0M	75x	as long as short
OKX KAITO-USDT-SWAPlong	+0.0100%	4h	0.3474	long leg	$4.2M	$10.9M	50x
Gate KAITO_USDT	+0.0100%	4h	0.3475	+0.029%	$653K	$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	0.3477	+0.086%	$3.0M	$1.2M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3476	+0.058%	$1.4M	$179K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3477	+0.086%	$4.3M	$3.5M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3476	+0.058%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3465	−0.261%	$43K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3472	−0.047%	$246K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3466	−0.230%	$29K	$261K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3478	+0.118%	$18K	$4.6M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3477	+0.072%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3480	+0.159%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3478	+0.106%	$241K	—	3x	as long as short
edgeX KAITOUSDC	+0.0106%	4h	0.3465	−0.251%	$17K	$325K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0109%	8h	0.3474	−0.011%	$4K	$604	10x	as long as short
Kraken Futures PF_KAITOUSD	+0.0388%	1h	0.3481	+0.203%	$244K	$154K	10x	as long as short
Hyperliquid KAITO	+0.0821%	1h	0.3481	+0.214%	$2.0M	$854K	5x	as long as short
Lighter KAITOshort	+0.1480%	1h	0.3482	+0.230%	$86K	$100K	5x
01 Exchange KAITOUSD	+0.8240%	1h	0.3569	+2.732%	$6K	$1K	3x	as long as short