Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Backpack against ApeX Omni−0.206%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$396as in the Funding arb table

Net, price: spread back to 7d avg − costs−$450as in the Price arb table

costs, in and out, $10k−$4284.283% of the position

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.324%+$32 on $10k

Price spread, last 3 days (all we have)+0.045%+$4 · spread now −0.206%, 7d avg +0.011%

Together, before fees+0.369%+$37 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 0.217% cheaper against ApeX Omni than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni KAITOUSDT	0.3444	0.0100	pay 0.0013% / 1h	5m 04s	$29K	$256K	50x
Short	Backpack KAITO_USDC_PERP	0.3437	0.0100	get 0.0013% / 1h	5m 04s	$18K	$168K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against ApeX Omni. 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 ApeX OmnibpFee BackpackbpOrdersPrice spread, now −0.206%Rate

Funding earned: $0
Price spread: −0.206% → +0.011%: −$21.75
Slippage, 4 orders: −$408.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$450
Costs to cover: 4.283%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 17 min ago; Backpack: live order book, 18 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 ApeX Omni live order book, 17 min ago	5.78 bp	184.9 bp −$185	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 18 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	0.3443	−0.026%	$235K	$159K	10x	as long as short
Injective KAITO/USDC PERP	−0.0057%	1h	0.3458	+0.407%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.141%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3439	−0.144%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3441	−0.090%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3438	−0.174%	$10.4M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3440	−0.116%	$4.3M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3437	−0.203%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3442	−0.058%	$669K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3438	−0.174%	$3.3M	$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	0.3442	−0.058%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3442	−0.058%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3440	−0.116%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERPshort	+0.0100%	1h	0.3437	−0.206%	$18K	$168K	10x
Variational Omni KAITO	+0.0100%	4h	0.3442	−0.063%	$43K	$236K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3447	+0.088%	$230K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDTlong	+0.0100%	1h	0.3444	long leg	$29K	$256K	50x
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3440	−0.110%	$11K	$4.0M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3439	−0.157%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3440	−0.124%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3439	−0.156%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3438	−0.174%	$239K	$1K	3x	as long as short
BloFin KAITO-USDT	+0.0104%	4h	0.3443	−0.029%	$538K	$59K	75x	as long as short
edgeX KAITOUSDC	+0.0119%	4h	0.3444	−0.006%	$17K	$320K	5x	as long as short
01 Exchange KAITOUSD	+0.0192%	1h	0.3438	−0.183%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0660%	1h	0.3444	0.000%	$2.0M	$744K	5x	as long as short
Lighter KAITO	+0.1152%	1h	0.3453	+0.276%	$82K	$82K	5x	as long as short