Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0583%/8h= −63.9% APRpaid last 24h −0.015%

Price spread now: Backpack against edgeX−0.099%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on edgeX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.348%+$35 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.099%, 7d avg +0.015%

Together, before fees+0.347%+ Points / potential airdropedgeX: Active · farm board+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Backpack is 0.114% cheaper against edgeX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.348%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.348% in total (about 18.1% 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	edgeX KAITOUSDC	0.3500	0.0114	pay 0.0057% / 4h	24m 23s	$17K	$323K	5x
Short	Backpack KAITO_USDC_PERP	0.3496	−0.0469	pay 0.0059% / 1h	24m 23s	$19K	$176K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against edgeX. 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 edgeXbpFee BackpackbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$122.46
Price spread: −0.099% → +0.015%: −$11.42
Slippage, 4 orders: −$27.99
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$180.87
Costs to cover: 0.470%
Break-even: never at this rate

Slippage from edgeX: live order book, 34 min ago; Backpack: live order book, 34 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 edgeX live order book, 34 min ago	2.89 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 34 min ago	0.87 bp	9.7 bp −$10	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_PERPshort	−0.0469%	1h	0.3496	−0.099%	$19K	$176K	10x
Injective KAITO/USDC PERP	−0.0154%	1h	0.3458	−1.196%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.701%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3498	−0.051%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3500	+0.004%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3501	+0.031%	$10.7M	$16.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3503	+0.090%	$4.3M	$7.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3498	−0.053%	$4.3M	$10.8M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3503	+0.090%	$668K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3502	+0.061%	$3.4M	$1.1M	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	0.3500	+0.004%	$1.4M	$170K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3507	+0.204%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3501	+0.033%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3494	−0.157%	$44K	$228K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3500	+0.004%	$239K	$2.6M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3499	−0.024%	$28K	$258K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3502	+0.061%	$15K	$4.4M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3501	+0.041%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3499	−0.036%	$78K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3502	+0.074%	$243K	—	3x	as long as short
edgeX KAITOUSDClong	+0.0114%	4h	0.3500	long leg	$17K	$323K	5x
Paradex KAITO-USD-PERP	+0.0121%	8h	0.3501	+0.030%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0138%	4h	0.3496	−0.110%	$547K	$67K	75x	as long as short
Kraken Futures PF_KAITOUSD	+0.0400%	1h	0.3500	−0.009%	$246K	$156K	10x	as long as short
01 Exchange KAITOUSD	+0.0632%	1h	0.3549	+1.416%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0830%	1h	0.3506	+0.187%	$2.1M	$817K	5x	as long as short
Lighter KAITO	+0.1040%	1h	0.3511	+0.316%	$86K	$92K	5x	as long as short