Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.025%

Price spread now: Bitget against Backpack+0.106%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Backpack Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.305%−$31 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.106%, 7d avg −0.001%

Together, before fees−0.414%−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.106% dearer against Backpack than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.305%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack KAITO_USDC_PERP	0.3505	−0.0078	get 0.0010% / 1h	16m 28s	$20K	$186K	10x
Short	Bitget KAITOUSDT	0.3509	0.0100	get 0.0050% / 4h	2h 16m	$4.4M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Backpack. 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 BackpackbpFee BitgetbpOrdersPrice spread, now +0.106%Rate

Funding earned: $37.34
Price spread: +0.106% → −0.001%: $10.61
Slippage, 4 orders: −$33.65
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$7.71
Costs to cover: 0.556%
Break-even: 8.4 days

Slippage from Backpack: live order book, 32 min ago; Bitget: live order book, 2 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 Backpack live order book, 32 min ago	0.99 bp	11.5 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.85 bp	14.1 bp −$14	46.7 bp −$467	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_PERPlong	−0.0078%	1h	0.3505	long leg	$20K	$186K	10x
Injective KAITO/USDC PERP	−0.0060%	1h	0.3470	−1.007%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.849%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3505	−0.016%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3507	+0.039%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3506	+0.020%	$10.7M	$17.1M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3506	+0.020%	$4.4M	$8.0M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3503	−0.066%	$4.3M	$11.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3504	−0.037%	$658K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3505	−0.009%	$3.0M	$1.2M	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	0.3508	+0.077%	$1.4M	$179K	30x	as long as short
Bitget KAITOUSDTshort	+0.0100%	4h	0.3509	+0.106%	$4.4M	$3.5M	75x
BingX KAITO-USDC	+0.0100%	4h	0.3504	−0.037%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3499	−0.169%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3510	+0.147%	$239K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3511	+0.163%	$29K	$261K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3507	+0.043%	$13K	$4.6M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3511	+0.151%	$3K	$2K	10x	as long as short
edgeX KAITOUSDC	+0.0104%	4h	0.3497	−0.227%	$17K	$326K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3505	−0.021%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3509	+0.106%	$244K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0112%	8h	0.3506	+0.030%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0158%	4h	0.3512	+0.191%	$550K	$68K	75x	as long as short
Kraken Futures PF_KAITOUSD	+0.0385%	1h	0.3509	+0.093%	$246K	$155K	10x	as long as short
Hyperliquid KAITO	+0.0844%	1h	0.3510	+0.148%	$2.1M	$858K	5x	as long as short
Lighter KAITO	+0.1512%	1h	0.3519	+0.397%	$87K	$100K	5x	as long as short
01 Exchange KAITOUSD	+0.8240%	1h	0.3587	+2.319%	$6K	$1K	3x	as long as short