Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0565%/8h= +61.8% APRpaid last 24h +0.176%

Price spread now: Kraken Futures against Bybit−0.212%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,376as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,467as in the Price arb table

costs, in and out, $10k−$1,45014.502% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.744%+$74 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.212%, 7d avg −0.046%

Together, before fees+0.908%+$91 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.166% cheaper against Bybit than usual: you would sell low and buy high (spread −0.212% now, against its 7-day average of −0.046%). If the spread goes back, that is −$17 on $10k: about 23 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KAITOUSDT	0.3519	0.0100	pay 0.0050% / 4h	3h 59m	$4.7M	$8.6M	75x
Short	Kraken Futures PF_KAITOUSD	0.3512	0.0665	get 0.0083% / 1h	59m 26s	$247K	$165K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now −0.212%Rate

Funding earned: $118.59
Price spread: −0.212% → −0.046%: −$16.56
Slippage, 4 orders: −$1,429.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1,348.17
Costs to cover: 14.502%
Break-even: 86.6 days

Slippage from Bybit: live order book, 4 min ago; Kraken Futures: 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 Bybit live order book, 4 min ago	2.84 bp	24.6 bp −$25	82.9 bp −$829	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 38 min ago	4.24 bp	73.1 bp −$73	187.2 bp −$1,872	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
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.225%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0068%	1h	0.3535	+0.455%	$7K	$52K	12x	as long as short
Backpack KAITO_USDC_PERP	+0.0074%	1h	0.3514	−0.134%	$20K	$194K	10x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3519	+0.009%	$116K	$63K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3518	−0.032%	$19K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3515	−0.112%	$10.7M	$17.9M	75x	as long as short
Bybit KAITOUSDTlong	+0.0100%	4h	0.3519	long leg	$4.7M	$8.6M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3513	−0.171%	$4.3M	$11.6M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3518	−0.028%	$665K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3515	−0.114%	$3.4M	$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	0.3517	−0.057%	$1.4M	$172K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3519	0.000%	$4.4M	$3.6M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3517	−0.057%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3517	−0.070%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3519	0.000%	$250K	$2.4M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3515	−0.114%	$29K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3514	−0.142%	$18K	$5.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3514	−0.136%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3517	−0.059%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3515	−0.099%	$244K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0107%	8h	0.3518	−0.034%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0113%	4h	0.3516	−0.085%	$557K	$68K	75x	as long as short
edgeX KAITOUSDC	+0.0116%	4h	0.3517	−0.067%	$17K	$328K	5x	as long as short
Hyperliquid KAITO	+0.0342%	1h	0.3519	−0.009%	$2.1M	$905K	5x	as long as short
Kraken Futures PF_KAITOUSDshort	+0.0665%	1h	0.3512	−0.212%	$247K	$165K	10x
Lighter KAITO	+0.0976%	1h	0.3533	+0.386%	$87K	$98K	5x	as long as short
01 Exchange KAITOUSD	+0.7288%	1h	0.3591	+2.040%	$6K	$916	3x	as long as short