Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0341%/8h= −37.4% APRpaid last 24h −0.114%

Price spread now: Aster against Hyperliquid−0.109%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.169%−$17 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.109%, 7d avg −0.099%

Together, before fees+0.003%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.099%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.169% in total (about -11.2% 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	Hyperliquid KAITO	0.3526	0.0441	pay 0.0055% / 1h	57m 44s	$2.1M	$820K	5x
Short	Aster KAITOUSDT	0.3522	0.0100	get 0.0050% / 4h	3h 57m	$119K	$51K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$71.67
Price spread: −0.109% → −0.099%: −$0.96
Slippage, 4 orders: −$37.03
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$126.66
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; Aster: live order book, 58 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, 3 min ago	1.42 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 58 min ago	4.31 bp	13.0 bp −$13	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_PERP	−0.0757%	1h	0.3523	−0.080%	$20K	$173K	10x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.419%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0009%	1h	0.3501	−0.715%	$7K	$52K	12x	as long as short
Kraken Futures PF_KAITOUSD	+0.0030%	1h	0.3525	−0.044%	$247K	$155K	10x	as long as short
Aster KAITOUSDTshort	+0.0100%	4h	0.3522	−0.109%	$119K	$51K	10x
Pacifica KAITO	+0.0100%	1h	0.3522	−0.109%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3522	−0.124%	$10.7M	$16.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3524	−0.063%	$4.3M	$7.7M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3519	−0.205%	$4.3M	$10.6M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3523	−0.091%	$666K	$1.7M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KAITO_USDT	+0.0100%	4h	0.3519	−0.205%	$3.2M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3524	−0.063%	$1.4M	$168K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3526	−0.006%	$4.5M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3521	−0.148%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3533	+0.189%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3517	−0.267%	$246K	$2.6M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3515	−0.318%	$28K	$258K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3524	−0.066%	$20K	$4.5M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3524	−0.060%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3521	−0.154%	$79K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3524	−0.069%	$245K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0113%	8h	0.3521	−0.159%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0118%	4h	0.3526	−0.001%	$17K	$325K	5x	as long as short
BloFin KAITO-USDT	+0.0122%	4h	0.3526	−0.006%	$555K	$67K	75x	as long as short
Hyperliquid KAITOlong	+0.0441%	1h	0.3526	long leg	$2.1M	$820K	5x
01 Exchange KAITOUSD	+0.0656%	1h	0.3523	−0.097%	$6K	$2K	3x	as long as short
Lighter KAITO	+0.0832%	1h	0.3532	+0.170%	$87K	$92K	5x	as long as short