Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0491%/8h= +53.8% APRpaid last 24h +0.022%

Price spread now: edgeX against Backpack+0.339%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on Backpack Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.338%−$34 on $10k

Price spread, last 4 days (all we have)−0.411%−$41 · spread now +0.339%, 7d avg −0.014%

Together, before fees−0.749%+ Points / potential airdropedgeX: Active · farm board−$75 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and edgeX is 0.353% dearer against Backpack than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.338%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.338% in total (about -17.6% 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	Backpack KAITO_USDC_PERP	0.3512	−0.0373	get 0.0047% / 1h	27m 17s	$20K	$178K	10x
Short	edgeX KAITOUSDC	0.3524	0.0118	get 0.0059% / 4h	3h 27m	$17K	$323K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.339%Rate

Funding earned: $103.17
Price spread: +0.339% → −0.014%: $35.31
Slippage, 4 orders: −$30.19
Fee Backpack: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $89.29
Costs to cover: 0.492%
Break-even: 0.9 days

Slippage from Backpack: live order book, 26 min ago; edgeX: live order book, 26 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, 26 min ago	0.85 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 26 min ago	2.82 bp	11.6 bp −$12	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_PERPlong	−0.0373%	1h	0.3512	long leg	$20K	$178K	10x
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.036%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0009%	1h	0.3544	+0.908%	$7K	$52K	12x	as long as short
Kraken Futures PF_KAITOUSD	+0.0030%	1h	0.3503	−0.254%	$246K	$156K	10x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3507	−0.157%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3513	+0.015%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3505	−0.195%	$10.7M	$16.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3508	−0.117%	$4.4M	$7.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3508	−0.117%	$4.3M	$10.7M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3510	−0.060%	$665K	$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	0.3506	−0.174%	$3.1M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3509	−0.088%	$1.4M	$167K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3510	−0.060%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3509	−0.088%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3535	+0.649%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3527	+0.414%	$243K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3530	+0.510%	$30K	$260K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3510	−0.057%	$16K	$4.5M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3509	−0.091%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3511	−0.034%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3506	−0.160%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3505	−0.189%	$243K	—	3x	as long as short
edgeX KAITOUSDCshort	+0.0118%	4h	0.3524	+0.339%	$17K	$323K	5x
BloFin KAITO-USDT	+0.0135%	4h	0.3508	−0.117%	$559K	$67K	75x	as long as short
Hyperliquid KAITO	+0.0658%	1h	0.3515	+0.074%	$2.1M	$829K	5x	as long as short
Lighter KAITO	+0.1232%	1h	0.3521	+0.253%	$87K	$101K	5x	as long as short
01 Exchange KAITOUSD	+0.5368%	1h	0.3600	+2.506%	$6K	$2K	3x	as long as short