Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0303%/8h= +33.2% APRpaid last 24h +0.227%

Price spread now: Kraken Futures against Gate−0.205%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$265as in the Price arb table

costs, in and out, $10k−$2452.455% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.750%+$75 on $10k

Price spread, last 4 days (all we have)+0.205%+$20 · spread now −0.205%, 7d avg −0.013%

Together, before fees+0.955%+$96 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.191% cheaper against Gate than usual: you would sell low and buy high (spread −0.205% now, against its 7-day average of −0.013%). If the spread goes back, that is −$19 on $10k: about 2.1 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KAITO_USDT	0.3475	0.0100	pay 0.0050% / 4h	40m 18s	$663K	$1.7M	75x
Short	Kraken Futures PF_KAITOUSD	0.3468	0.0403	get 0.0050% / 1h	40m 18s	$243K	$155K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now −0.205%Rate

Funding earned: $63.69
Price spread: −0.205% → −0.013%: −$19.11
Slippage, 4 orders: −$220.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$200.9
Costs to cover: 2.455%
Break-even: 29.1 days

Slippage from Gate: live order book, 2 min ago; Kraken Futures: live order book, 17 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 Gate live order book, 2 min ago	2.88 bp	21.4 bp −$21	67.4 bp −$674	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 17 min ago	21.62 bp	94.8 bp −$95	201.5 bp −$2,015	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_PERP	−0.0513%	1h	0.3468	−0.213%	$18K	$169K	10x	as long as short
Injective KAITO/USDC PERP	−0.0154%	1h	0.3465	−0.288%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.013%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3476	+0.029%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3473	−0.058%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3474	−0.027%	$10.5M	$16.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3475	0.000%	$4.3M	$7.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3471	−0.115%	$4.2M	$10.7M	50x	as long as short
Gate KAITO_USDTlong	+0.0100%	4h	0.3475	long leg	$663K	$1.7M	75x
MEXC KAITO_USDT	+0.0100%	4h	0.3475	0.000%	$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	0.3472	−0.086%	$1.4M	$170K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3473	−0.058%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3474	−0.029%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3469	−0.177%	$43K	$228K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3462	−0.378%	$237K	$2.6M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3463	−0.345%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3475	+0.012%	$9K	$4.4M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3474	−0.026%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3473	−0.055%	$77K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3475	+0.012%	$241K	—	3x	as long as short
BloFin KAITO-USDT	+0.0115%	4h	0.3469	−0.173%	$546K	$66K	75x	as long as short
Paradex KAITO-USD-PERP	+0.0116%	8h	0.3476	+0.037%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0120%	4h	0.3465	−0.285%	$17K	$322K	5x	as long as short
Kraken Futures PF_KAITOUSDshort	+0.0403%	1h	0.3468	−0.205%	$243K	$155K	10x
Hyperliquid KAITO	+0.0727%	1h	0.3479	+0.119%	$2.0M	$808K	5x	as long as short
01 Exchange KAITOUSD	+0.0728%	1h	0.3474	−0.029%	$6K	$2K	3x	as long as short
Lighter KAITO	+0.1152%	1h	0.3478	+0.101%	$86K	$92K	5x	as long as short