KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: Backpack against Aevo−0.095%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1171.167% of the position

Long on Aevo Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.339%+$34 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.095%, 7d avg +0.003%

Together, before fees+0.396%+$40 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: Backpack is 0.098% cheaper against Aevo than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo KAITO-PERP	0.3447	0.0104	pay 0.0013% / 1h	9m 35s	$239K	$1K	3x
Short	Backpack KAITO_USDC_PERP	0.3444	0.0100	get 0.0013% / 1h	9m 35s	$18K	$168K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.095%Rate

Funding earned: −$0.84
Price spread: −0.095% → +0.003%: −$9.82
Slippage, 4 orders: −$90.7
Fee Aevo: 8 bp × 2 orders: −$16
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$127.36
Costs to cover: 1.167%
Break-even: never at this rate

Slippage from Aevo: live order book, 14 min ago; Backpack: live order book, 13 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, 14 min ago	34.62 bp	48.4 bp −$48	205.1 bp −$2,051	doesn't fit	doesn't fit
Sell Backpack live order book, 13 min ago	0.43 bp	9.8 bp −$10	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	−0.0257%	1h	0.3449	+0.065%	$236K	$159K	10x	as long as short
Injective KAITO/USDC PERP	−0.0057%	1h	0.3458	+0.323%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.223%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0075%	4h	0.3443	−0.112%	$540K	$59K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3447	+0.004%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3446	−0.016%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3445	−0.054%	$10.4M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3448	+0.033%	$4.3M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3443	−0.112%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3447	+0.004%	$670K	$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	0.3444	−0.083%	$3.3M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3447	+0.004%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3448	+0.033%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3445	−0.054%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERPshort	+0.0100%	1h	0.3444	−0.095%	$18K	$168K	10x
Variational Omni KAITO	+0.0100%	4h	0.3447	+0.016%	$43K	$236K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3451	+0.132%	$231K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3448	+0.033%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3447	−0.002%	$13K	$4.0M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3446	−0.037%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3445	−0.046%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0102%	4h	0.3449	+0.060%	$17K	$322K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3446	−0.019%	$62K	$41K	10x	as long as short
Aevo KAITO-PERPlong	+0.0104%	1h	0.3447	long leg	$239K	$1K	3x
01 Exchange KAITOUSD	+0.0200%	1h	0.3444	−0.072%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0652%	1h	0.3451	+0.110%	$2.0M	$743K	5x	as long as short
Lighter KAITO	+0.1144%	1h	0.3460	+0.375%	$83K	$82K	5x	as long as short