Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against Bybit−4.657%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 4.657% cheaper against Bybit than usual: you would sell low and buy high (−$466 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KAITOUSDT	0.3535	0.0100	pay 0.0050% / 4h	3h 17m	$4.4M	$7.8M	75x
Short	Reya KAITORUSDPERP	0.3370	0	get 0.0000% / 1h	17m 56s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −4.657%Rate

Funding earned: −$21
Price spread: −4.657% → 0.000%: −$465.69
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: −$503.69
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Reya: no order-book sample. Net counts fees only.

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, 5 min ago	1.42 bp	20.9 bp −$21	107.6 bp −$1,076	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_PERP	−0.0361%	1h	0.3528	−0.187%	$19K	$179K	10x	as long as short
Reya KAITORUSDPERPshort	0.0000%	1h	0.3370	−4.657%	—	—	—
Injective KAITO/USDC PERP	+0.0009%	1h	0.3511	−0.679%	$7K	$52K	12x	as long as short
Kraken Futures PF_KAITOUSD	+0.0030%	1h	0.3529	−0.160%	$248K	$156K	10x	as long as short
BloFin KAITO-USDT	+0.0058%	4h	0.3523	−0.339%	$564K	$68K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3531	−0.102%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3525	−0.283%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3531	−0.113%	$10.8M	$16.8M	75x	as long as short
Bybit KAITOUSDTlong	+0.0100%	4h	0.3535	long leg	$4.4M	$7.8M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3527	−0.226%	$4.3M	$10.8M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KAITO_USDT	+0.0100%	4h	0.3526	−0.255%	$666K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3530	−0.141%	$3.2M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3529	−0.170%	$1.4M	$168K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3533	−0.057%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3531	−0.113%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3524	−0.300%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3522	−0.362%	$243K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3521	−0.396%	$30K	$261K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3526	−0.246%	$22K	$4.5M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3526	−0.266%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3525	−0.293%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3531	−0.126%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3524	−0.302%	$245K	—	3x	as long as short
edgeX KAITOUSDC	+0.0113%	4h	0.3521	−0.410%	$17K	$325K	5x	as long as short
Hyperliquid KAITO	+0.0702%	1h	0.3535	−0.001%	$2.1M	$830K	5x	as long as short
Lighter KAITO	+0.1256%	1h	0.3541	+0.181%	$88K	$101K	5x	as long as short
01 Exchange KAITOUSD	+0.6000%	1h	0.3600	+1.839%	$6K	$2K	3x	as long as short