Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0753%/8h= −82.4% APRpaid last 24h −0.013%

Price spread now: Backpack against Aster−0.031%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.331%+$33 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.031%, 7d avg −0.013%

Together, before fees+0.392%+ Points / potential airdropAster: Stage 5 · farm board+$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair paid +0.331%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.331% in total (about 22.1% a year). A funding rate is set anew for every payment. 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	Aster KAITOUSDT	0.3452	0.0100	pay 0.0050% / 4h	46m 43s	$118K	$50K	10x
Short	Backpack KAITO_USDC_PERP	0.3451	−0.0653	pay 0.0082% / 1h	46m 43s	$20K	$167K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$158.03
Price spread: −0.031% → −0.013%: −$1.8
Slippage, 4 orders: −$33.65
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$211.49
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from Aster: live order book, 9 min ago; Backpack: live order book, 11 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 Aster live order book, 9 min ago	4.31 bp	15.1 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 11 min ago	0.87 bp	9.7 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
Backpack KAITO_USDC_PERPshort	−0.0653%	1h	0.3451	−0.031%	$20K	$167K	10x
Injective KAITO/USDC PERP	−0.0154%	1h	0.3465	+0.380%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.362%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0053%	4h	0.3450	−0.055%	$550K	$65K	75x	as long as short
Aster KAITOUSDTlong	+0.0100%	4h	0.3452	long leg	$118K	$50K	10x
Pacifica KAITO	+0.0100%	1h	0.3454	+0.062%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3456	+0.125%	$10.5M	$16.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3458	+0.177%	$4.3M	$7.5M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3454	+0.061%	$4.2M	$10.6M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3454	+0.061%	$659K	$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	0.3456	+0.119%	$3.4M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3455	+0.090%	$1.4M	$168K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3465	+0.380%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3457	+0.148%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3461	+0.276%	$43K	$228K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3441	−0.323%	$231K	$2.6M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3439	−0.373%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3453	+0.038%	$15K	$4.3M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3449	−0.081%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3458	+0.166%	$77K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3449	−0.087%	$239K	—	3x	as long as short
edgeX KAITOUSDC	+0.0106%	4h	0.3443	−0.255%	$17K	$324K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0118%	8h	0.3458	+0.184%	$4K	$604	10x	as long as short
Kraken Futures PF_KAITOUSD	+0.0405%	1h	0.3449	−0.073%	$241K	$154K	10x	as long as short
Hyperliquid KAITO	+0.0618%	1h	0.3458	+0.186%	$2.0M	$806K	5x	as long as short
01 Exchange KAITOUSD	+0.0808%	1h	0.3511	+1.721%	$6K	$2K	3x	as long as short
Lighter KAITO	+0.1272%	1h	0.3470	+0.528%	$85K	$92K	5x	as long as short