Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Aevo−0.539%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1161.157% of the position

Long on Aevo Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 3 days (all we have)+0.560%+$56 · spread now −0.539%, 7d avg 0.000%

Together, before fees+0.451%+$45 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: OKX is 0.538% cheaper against Aevo than usual: you would sell low and buy high, −$54 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo KAITO-PERP	0.3517	0.0104	pay 0.0013% / 1h	17m 43s	$244K	—	3x
Short	OKX KAITO-USDT-SWAP	0.3498	0.0100	get 0.0050% / 4h	2h 17m	$4.3M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.539%Rate

Funding earned: −$0.84
Price spread: −0.539% → 0.000%: −$53.83
Slippage, 4 orders: −$89.71
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$170.39
Costs to cover: 1.157%
Break-even: never at this rate

Slippage from Aevo: live order book, 51 min ago; OKX: live order book, 5 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, 51 min ago	32.85 bp	46.2 bp −$46	235.3 bp −$2,353	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.42 bp	12.9 bp −$13	28.5 bp −$285	doesn't fit	doesn't fit

KAITO on 26 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	−0.0395%	1h	0.3509	−0.235%	$19K	$174K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3474	−1.221%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.171%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3502	−0.425%	$116K	$39K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3502	−0.412%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3501	−0.456%	$10.7M	$16.4M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3505	−0.340%	$4.5M	$7.1M	75x	as long as short
OKX KAITO-USDT-SWAPshort	+0.0100%	4h	0.3498	−0.539%	$4.3M	$10.4M	50x
Gate KAITO_USDT	+0.0100%	4h	0.3505	−0.340%	$679K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3501	−0.454%	$3.3M	$1.1M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3508	−0.254%	$1.4M	$164K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3506	−0.311%	$4.4M	$3.2M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3504	−0.368%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3517	+0.011%	$44K	$229K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3511	−0.164%	$240K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3513	−0.112%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3515	−0.061%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3502	−0.430%	$78K	$54K	10x	as long as short
Aevo KAITO-PERPlong	+0.0104%	1h	0.3517	long leg	$244K	—	3x
edgeX KAITOUSDC	+0.0114%	4h	0.3512	−0.135%	$17K	$324K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0120%	8h	0.3502	−0.429%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0139%	1h	0.3519	+0.064%	$17K	$4.2M	5x	as long as short
Hyperliquid KAITO	+0.0922%	1h	0.3507	−0.271%	$2.0M	$785K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0966%	1h	0.3515	−0.064%	$245K	$148K	10x	as long as short
Lighter KAITO	+0.1408%	1h	0.3517	+0.013%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.6760%	1h	0.3580	+1.793%	$6K	$2K	3x	as long as short