Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0480%/8h= +52.5% APRpaid last 24h +0.020%

Price spread now: MEXC against Backpack−0.006%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Backpack Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.358%−$36 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.006%, 7d avg −0.002%

Together, before fees−0.399%−$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.358%, 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	0.3510	−0.0380	get 0.0047% / 1h	24m 07s	$20K	$178K	10x
Short	MEXC KAITO_USDT	0.3510	0.0100	get 0.0050% / 4h	3h 24m	$3.2M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.006%Rate

Funding earned: $100.75
Price spread: −0.006% → −0.002%: −$0.4
Slippage, 4 orders: −$25.38
Fee Backpack: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $64.97
Costs to cover: 0.354%
Break-even: 2.5 days

Slippage from Backpack: live order book, 29 min ago; MEXC: 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 Backpack live order book, 29 min ago	0.85 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.42 bp	3.9 bp −$4	6.7 bp −$67	69.4 bp −$6,945	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	−0.0380%	1h	0.3510	long leg	$20K	$178K	10x
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.984%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0009%	1h	0.3544	+0.963%	$7K	$52K	12x	as long as short
Kraken Futures PF_KAITOUSD	+0.0030%	1h	0.3511	+0.013%	$247K	$156K	10x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3511	+0.030%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3513	+0.089%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3510	−0.006%	$10.7M	$16.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3514	+0.108%	$4.4M	$7.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3507	−0.091%	$4.3M	$10.7M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3510	−0.006%	$664K	$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_USDTshort	+0.0100%	4h	0.3510	−0.006%	$3.2M	$1.1M	50x
KuCoin KAITOUSDTM	+0.0100%	4h	0.3514	+0.108%	$1.4M	$167K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3515	+0.137%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3512	+0.051%	—	$6.8M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3514	+0.118%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3527	+0.468%	$243K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3507	−0.091%	$29K	$260K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3513	+0.088%	$21K	$4.6M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3510	−0.009%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3510	+0.003%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3511	+0.016%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3510	+0.005%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0110%	4h	0.3508	−0.062%	$17K	$324K	5x	as long as short
BloFin KAITO-USDT	+0.0111%	4h	0.3512	+0.051%	$563K	$67K	75x	as long as short
Hyperliquid KAITO	+0.0672%	1h	0.3517	+0.184%	$2.1M	$828K	5x	as long as short
Lighter KAITO	+0.1240%	1h	0.3525	+0.419%	$87K	$101K	5x	as long as short
01 Exchange KAITOUSD	+0.5664%	1h	0.3600	+2.558%	$6K	$2K	3x	as long as short