KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0562%/8h= −61.5% APRnext payment −$0.70 per $10,000 · paid last 24h −0.055%

Price spread now: ApeX Omni against Hyperliquid−0.180%7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$436as in the Funding arb table

Net, price: spread back to 7d avg − costs−$436as in the Price arb table

costs, in and out, $10k−$4304.303% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)+0.250%+$25 · spread now −0.180%, 7d avg −0.122%

Together, before fees+0.189%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 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 ApeX Omni is 0.058% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.122%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.70 per $10,000. 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	Hyperliquid KAITO	0.3445	0.0662	pay 0.0083% / 1h	3m 13s	$2.0M	$744K	5x
Short	ApeX Omni KAITOUSDT	0.3439	0.0100	get 0.0013% / 1h	3m 13s	$29K	$256K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.180%Rate

Funding earned: −$117.93
Price spread: −0.180% → −0.122%: −$5.81
Slippage, 4 orders: −$411.28
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$554.02
Costs to cover: 4.303%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; ApeX Omni: live order book, 18 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 Hyperliquid live order book, 8 min ago	1.45 bp	9.7 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 18 min ago	5.78 bp	224.1 bp −$224	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
Kraken Futures PF_KAITOUSD	−0.0257%	1h	0.3446	+0.025%	$235K	$159K	10x	as long as short
Injective KAITO/USDC PERP	−0.0057%	1h	0.3458	+0.372%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.176%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3440	−0.151%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3440	−0.158%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3442	−0.104%	$10.4M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3442	−0.093%	$4.3M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3439	−0.180%	$4.1M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3441	−0.122%	$668K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3440	−0.151%	$3.3M	$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	0.3441	−0.122%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3443	−0.064%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3440	−0.151%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3442	−0.099%	$18K	$168K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3442	−0.097%	$43K	$236K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3441	−0.122%	$230K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDTshort	+0.0100%	1h	0.3439	−0.180%	$29K	$256K	50x
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3442	−0.099%	$11K	$4.0M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3440	−0.157%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3440	−0.159%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3443	−0.061%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3440	−0.145%	$239K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0107%	4h	0.3438	−0.214%	$17K	$321K	5x	as long as short
BloFin KAITO-USDT	+0.0122%	4h	0.3437	−0.238%	$536K	$59K	75x	as long as short
01 Exchange KAITOUSD	+0.0184%	1h	0.3440	−0.139%	$6K	$2K	3x	as long as short
Hyperliquid KAITOlong	+0.0662%	1h	0.3445	long leg	$2.0M	$744K	5x
Lighter KAITO	+0.1160%	1h	0.3455	+0.276%	$83K	$82K	5x	as long as short