Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0787%/8h= −86.1% APRpaid last 24h −0.102%

Price spread now: edgeX against Hyperliquid+0.208%7-day average −0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on Hyperliquid Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.208%, 7d avg −0.134%

Together, before fees−0.277%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.342% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.208% now, against its 7-day average of −0.134%): +$34 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.141% in total) that is about 17 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.141% in total (about -7.3% 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	0.3506	0.0897	pay 0.0112% / 1h	13m 03s	$2.1M	$788K	5x
Short	edgeX KAITOUSDC	0.3513	0.0111	get 0.0055% / 4h	1h 13m	$17K	$324K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.208%Rate

Funding earned: −$165.21
Price spread: +0.208% → −0.134%: $34.18
Slippage, 4 orders: −$35.2
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$184.23
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; edgeX: live order book, 50 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	1.70 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 50 min ago	4.26 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
Injective KAITO/USDC PERP	−0.0368%	1h	0.3516	+0.288%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.868%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0066%	4h	0.3502	−0.111%	$472K	$66K	75x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3509	+0.077%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3496	−0.288%	$10.6M	$16.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3498	−0.225%	$4.5M	$7.3M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3492	−0.396%	$4.3M	$10.4M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3509	+0.088%	$682K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3499	−0.197%	$3.4M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3506	+0.003%	$1.4M	$166K	30x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KAITOUSDT	+0.0100%	4h	0.3497	−0.254%	$4.4M	$3.3M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3504	−0.054%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3499	−0.203%	$20K	$160K	10x	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3514	+0.226%	$236K	$2.7M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3514	+0.231%	$30K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3508	+0.057%	$13K	$4.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3502	−0.106%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3494	−0.351%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3499	−0.183%	$243K	—	3x	as long as short
Aster KAITOUSDT	+0.0107%	4h	0.3504	−0.061%	$120K	$48K	10x	as long as short
edgeX KAITOUSDCshort	+0.0111%	4h	0.3513	+0.208%	$17K	$324K	5x
Paradex KAITO-USD-PERP	+0.0129%	8h	0.3507	+0.043%	$4K	$604	10x	as long as short
Variational Omni KAITO	+0.0145%	4h	0.3520	+0.397%	$44K	$228K	—	as long as short
Kraken Futures PF_KAITOUSD	+0.0700%	1h	0.3500	−0.177%	$245K	$152K	10x	as long as short
Hyperliquid KAITOlong	+0.0897%	1h	0.3506	long leg	$2.1M	$788K	5x
Lighter KAITO	+0.1544%	1h	0.3515	+0.251%	$87K	$94K	5x	as long as short
01 Exchange KAITOUSD	+0.7816%	1h	0.3580	+2.116%	$6K	$2K	3x	as long as short