Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0004%/8hpaid last 24h −0.001%

Price spread now: Aster against Aevo+0.046%51s7-day average +0.019% · you sell dearer than you buy

to open and close $10k−$116fees + slippage, both legs, in and out

costs, in % of the position1.159%what the two incomes have to cover

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.045%−$5 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.046%, 7d avg +0.019%

Together, before fees−0.111%+ Points / potential airdropAster: Stage 5 · farm board−$11 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: Aster is 0.028% dearer against Aevo than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo KAITO-PERP	0.3430	0.0104	pay 0.0013% / 1h	41m 28s	$238K	$1K	3x
Short	Aster KAITOUSDT	0.3432	0.0100	get 0.0050% / 4h	41m 28s	—	$34K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$0.84
Price spread: +0.046% → +0.019%: $2.77
Slippage, 4 orders: −$91.93
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$114
Costs to cover: 1.159%
Break-even: never at this rate

Slippage from Aevo: live order book, 12 min ago; Aster: 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 Aevo live order book, 12 min ago	32.10 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	1.46 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
Kraken Futures PF_KAITOUSD	−0.0558%	1h	0.3428	−0.076%	$236K	$161K	10x	as long as short
Injective KAITO/USDC PERP	−0.0033%	1h	0.3435	+0.134%	$6K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−1.757%	—	—	—	as long as short
Backpack KAITO_USDC_PERP	+0.0023%	1h	0.3431	+0.006%	$17K	$172K	10x	as long as short
BloFin KAITO-USDT	+0.0089%	4h	0.3431	+0.017%	$544K	$56K	75x	as long as short
Aster KAITOUSDTshort	+0.0100%	4h	0.3432	+0.046%	—	$34K	10x
Pacifica KAITO	+0.0100%	1h	0.3432	+0.047%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3434	+0.102%	$10.5M	$15.4M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3436	+0.163%	$4.2M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3431	+0.017%	$4.1M	$10.4M	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	0.3433	+0.076%	$667K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3433	+0.076%	$3.2M	$990K	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3432	+0.046%	$1.4M	$183K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3439	+0.250%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3434	+0.105%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3425	−0.145%	$43K	$237K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3428	−0.078%	$233K	$3.0M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3426	−0.129%	$27K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3434	+0.099%	$13K	$3.8M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3432	+0.052%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3433	+0.086%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3434	+0.113%	$57K	$37K	10x	as long as short
Aevo KAITO-PERPlong	+0.0104%	1h	0.3430	long leg	$238K	$1K	3x
edgeX KAITOUSDC	+0.0110%	4h	0.3429	−0.036%	$17K	$318K	5x	as long as short
01 Exchange KAITOUSD	+0.0264%	1h	0.3433	+0.067%	$6K	$4K	3x	as long as short
Hyperliquid KAITO	+0.0591%	1h	0.3438	+0.233%	$2.0M	$715K	5x	as long as short
Lighter KAITO	+0.1056%	1h	0.3441	+0.320%	$83K	$82K	5x	as long as short