KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0664%/8h= +72.7% APRnext payment +$0.83 per $10,000 · paid last 24h +0.062%

Price spread now: Hyperliquid against ApeX Omni+0.222%105s7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$432as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4394.390% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 3 days (all we have)−0.263%−$26 · spread now +0.222%, 7d avg +0.123%

Together, before fees−0.195%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Hyperliquid is 0.099% dearer against ApeX Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.123%. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.068% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.83 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni KAITOUSDT	0.3473	0.0100	pay 0.0013% / 1h	17m 49s	$30K	$257K	50x
Short	Hyperliquid KAITO	0.3481	0.0764	get 0.0096% / 1h	17m 49s	$2.0M	$740K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.222%Rate

Funding earned: $139.52
Price spread: +0.222% → +0.123%: $9.87
Slippage, 4 orders: −$420.03
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$289.64
Costs to cover: 4.390%
Break-even: 21.5 days

Slippage from ApeX Omni: live order book, 64 min ago; Hyperliquid: 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 ApeX Omni live order book, 64 min ago	5.78 bp	184.9 bp −$185	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	2.59 bp	16.4 bp −$16	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	−0.0431%	1h	0.3474	+0.041%	$238K	$157K	10x	as long as short
Injective KAITO/USDC PERP	−0.0055%	1h	0.3461	−0.346%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.959%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3475	+0.058%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3475	+0.069%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3475	+0.051%	$10.5M	$15.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3477	+0.115%	$4.3M	$6.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3472	−0.029%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3474	+0.029%	$682K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3475	+0.058%	$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	0.3475	+0.058%	$1.4M	$167K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3481	+0.230%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3475	+0.058%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3470	−0.098%	$18K	$168K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3474	+0.016%	$43K	$234K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3472	−0.028%	$234K	$3.1M	10x	as long as short
ApeX Omni KAITOUSDTlong	+0.0100%	1h	0.3473	long leg	$30K	$257K	50x
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3474	+0.026%	$14K	$4.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3473	+0.006%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3474	+0.042%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3475	+0.067%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3474	+0.029%	$241K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0114%	4h	0.3472	−0.023%	$17K	$322K	5x	as long as short
BloFin KAITO-USDT	+0.0133%	4h	0.3475	+0.058%	$538K	$60K	75x	as long as short
01 Exchange KAITOUSD	+0.0640%	1h	0.3569	+2.779%	$6K	$2K	3x	as long as short
Hyperliquid KAITOshort	+0.0764%	1h	0.3481	+0.222%	$2.0M	$740K	5x
Lighter KAITO	+0.1208%	1h	0.3486	+0.380%	$83K	$82K	5x	as long as short