Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against Orderly−4.274%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 4.274% cheaper against Orderly than usual: you would sell low and buy high (−$427 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_KAITO_USDC_mythos	0.3521	0.0100	pay 0.0050% / 4h	3h 14m	$3K	$2K	10x
Short	Reya KAITORUSDPERP	0.3370	0	get 0.0000% / 1h	14m 27s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Orderly. 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 OrderlybpFee ReyabpOrdersPrice spread, now −4.274%Rate

Funding earned: −$21
Price spread: −4.274% → 0.000%: −$427.41
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: −$460.41
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Reya: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Orderly and Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0359%	1h	0.3520	−0.023%	$19K	$179K	10x	as long as short
Reya KAITORUSDPERPshort	0.0000%	1h	0.3370	−4.274%	—	—	—
Injective KAITO/USDC PERP	+0.0009%	1h	0.3511	−0.281%	$7K	$52K	12x	as long as short
Kraken Futures PF_KAITOUSD	+0.0030%	1h	0.3522	+0.025%	$247K	$156K	10x	as long as short
BloFin KAITO-USDT	+0.0079%	4h	0.3519	−0.054%	$561K	$68K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3522	+0.029%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3523	+0.055%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3519	−0.054%	$10.7M	$16.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3522	+0.031%	$4.4M	$7.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3516	−0.139%	$4.3M	$10.8M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KAITO_USDT	+0.0100%	4h	0.3521	+0.003%	$665K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3518	−0.082%	$3.2M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3524	+0.088%	$1.4M	$168K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3525	+0.116%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3520	−0.026%	—	$6.8M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3528	+0.213%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3527	+0.180%	$250K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3532	+0.315%	$30K	$261K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3522	+0.043%	$21K	$4.5M	5x	as long as short
Orderly PERP_KAITO_USDC_mythoslong	+0.0100%	4h	0.3521	long leg	$3K	$2K	10x
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3520	−0.038%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3520	−0.026%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3519	−0.040%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0107%	4h	0.3528	+0.198%	$17K	$326K	5x	as long as short
Hyperliquid KAITO	+0.0713%	1h	0.3526	+0.156%	$2.1M	$831K	5x	as long as short
Lighter KAITO	+0.1288%	1h	0.3537	+0.457%	$88K	$101K	5x	as long as short
01 Exchange KAITOUSD	+0.6104%	1h	0.3600	+2.249%	$6K	$2K	3x	as long as short