Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0875%/8h= −95.8% APRpaid last 24h −0.094%

Price spread now: Bybit against Hyperliquid−0.023%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.023%, 7d avg −0.015%

Together, before fees−0.067%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$26 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.112% in total (about -5.9% 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	0.3519	0.0975	pay 0.0122% / 1h	25m 21s	$2.1M	$786K	5x
Short	Bybit KAITOUSDT	0.3518	0.0100	get 0.0050% / 4h	2h 25m	$4.5M	$7.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$183.79
Price spread: −0.023% → −0.015%: −$0.79
Slippage, 4 orders: −$49.99
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$254.56
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; Bybit: live order book, 3 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, 5 min ago	1.43 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.84 bp	22.1 bp −$22	77.0 bp −$770	doesn't fit	doesn't fit

KAITO on 26 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	−0.0398%	1h	0.3514	−0.139%	$20K	$174K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3474	−1.273%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.218%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3512	−0.180%	$117K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3513	−0.177%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3514	−0.149%	$10.7M	$16.3M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3518	−0.023%	$4.5M	$7.1M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3513	−0.165%	$4.3M	$10.3M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3515	−0.108%	$684K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3512	−0.193%	$3.3M	$1.0M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3511	−0.222%	$1.4M	$163K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3518	−0.023%	$4.4M	$3.2M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3513	−0.165%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3518	−0.025%	$44K	$229K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3510	−0.254%	$240K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3501	−0.506%	$30K	$256K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3514	−0.139%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3514	−0.128%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3514	−0.122%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0105%	4h	0.3511	−0.220%	$17K	$323K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0119%	8h	0.3512	−0.202%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USD	+0.0142%	1h	0.3516	−0.077%	$17K	$4.2M	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0967%	1h	0.3511	−0.219%	$244K	$147K	10x	as long as short
Hyperliquid KAITOlong	+0.0975%	1h	0.3519	long leg	$2.1M	$786K	5x
Lighter KAITO	+0.1416%	1h	0.3526	+0.202%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.6680%	1h	0.3580	+1.742%	$6K	$2K	3x	as long as short