Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.029%

Price spread now: Backpack against BloFin+0.078%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$560.562% of the position

Long on BloFin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.340%+$34 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.078%, 7d avg −0.015%

Together, before fees+0.250%+$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.093% dearer against BloFin than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.015%): +$9 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 29 days. Mind the row above: over the last 7 days funding on this pair paid +0.340%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin KAITO-USDT	0.3470	0.0111	pay 0.0055% / 4h	1h 08m	$555K	$67K	75x
Short	Backpack KAITO_USDC_PERP	0.3473	0.0100	get 0.0013% / 1h	8m 25s	$20K	$201K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against BloFin. 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 BloFinbpFee BackpackbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$2.25
Price spread: +0.078% → −0.015%: $9.26
Slippage, 4 orders: −$34.15
Fee BloFin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$49.14
Costs to cover: 0.562%
Break-even: never at this rate

Slippage from BloFin: live order book, 36 min ago; Backpack: live order book, 38 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 BloFin live order book, 36 min ago	1.44 bp	18.9 bp −$19	35.7 bp −$357	doesn't fit	doesn't fit
Sell Backpack live order book, 38 min ago	0.14 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit

KAITO on 27 exchanges

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	−0.0313%	1h	0.3468	−0.068%	$243K	$160K	10x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.877%	—	—	—	as long as short
Hyperliquid KAITO	+0.0100%	1h	0.3477	+0.187%	$2.0M	$873K	5x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3472	+0.063%	$114K	$59K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3472	+0.046%	$18K	$7K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3473	+0.090%	$10.5M	$17.5M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3475	+0.144%	$4.6M	$9.0M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3470	0.000%	$4.3M	$10.8M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3474	+0.115%	$649K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3472	+0.058%	$3.2M	$1.3M	50x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3473	+0.086%	$1.3M	$177K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3477	+0.202%	$4.5M	$3.7M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3472	+0.058%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERPshort	+0.0100%	1h	0.3473	+0.078%	$20K	$201K	10x
Variational Omni KAITO	+0.0100%	4h	0.3465	−0.154%	$45K	$108K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3466	−0.104%	$238K	$2.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3464	−0.173%	$29K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3473	+0.086%	$9K	$4.8M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3472	+0.063%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3474	+0.109%	$4K	—	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3474	+0.112%	$90K	$80K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3472	+0.043%	$241K	—	3x	as long as short
BloFin KAITO-USDTlong	+0.0111%	4h	0.3470	long leg	$555K	$67K	75x
edgeX KAITOUSDC	+0.0113%	4h	0.3462	−0.236%	$17K	$327K	5x	as long as short
Injective KAITO/USDC PERP	+0.0116%	1h	0.3473	+0.086%	$7K	$51K	12x	as long as short
Lighter KAITO	+0.0392%	1h	0.3483	+0.389%	$91K	$109K	5x	as long as short
01 Exchange KAITOUSD	+0.8272%	1h	0.3570	+2.882%	$6K	$503	3x	as long as short