Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Aevo+0.118%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1611.612% of the position

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.118%, 7d avg +0.064%

Together, before fees−0.084%−$8 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: Bybit is 0.054% dearer against Aevo than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo KAITO-PERP	0.3505	0.0104	pay 0.0013% / 1h	19m 47s	$243K	—	3x
Short	Bybit KAITOUSDT	0.3509	0.0100	get 0.0050% / 4h	19m 47s	$4.3M	$7.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$0.84
Price spread: +0.118% → +0.064%: $5.4
Slippage, 4 orders: −$134.19
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$156.63
Costs to cover: 1.612%
Break-even: never at this rate

Slippage from Aevo: live order book, 39 min ago; Bybit: 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 Aevo live order book, 39 min ago	43.09 bp	58.6 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.43 bp	25.3 bp −$25	78.6 bp −$786	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	−0.0459%	1h	0.3506	+0.035%	$19K	$176K	10x	as long as short
Injective KAITO/USDC PERP	−0.0154%	1h	0.3458	−1.337%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.839%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3505	+0.018%	$119K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3509	+0.119%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3506	+0.033%	$10.7M	$16.9M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3509	+0.118%	$4.3M	$7.7M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3504	−0.025%	$4.3M	$10.8M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3507	+0.061%	$667K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3506	+0.033%	$3.4M	$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	0.3503	−0.053%	$1.4M	$170K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3511	+0.175%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3506	+0.033%	—	$6.8M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3506	+0.043%	$44K	$228K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3507	+0.061%	$240K	$2.6M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3498	−0.196%	$28K	$258K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3507	+0.058%	$20K	$4.4M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3505	+0.013%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3508	+0.099%	$78K	$62K	10x	as long as short
Aevo KAITO-PERPlong	+0.0104%	1h	0.3505	long leg	$243K	—	3x
edgeX KAITOUSDC	+0.0115%	4h	0.3506	+0.036%	$17K	$324K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0120%	8h	0.3509	+0.127%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0137%	4h	0.3506	+0.033%	$549K	$67K	75x	as long as short
Kraken Futures PF_KAITOUSD	+0.0398%	1h	0.3512	+0.207%	$247K	$157K	10x	as long as short
01 Exchange KAITOUSD	+0.0608%	1h	0.3505	+0.007%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0808%	1h	0.3511	+0.187%	$2.1M	$817K	5x	as long as short
Lighter KAITO	+0.0968%	1h	0.3516	+0.312%	$87K	$92K	5x	as long as short