KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.03 per $10,000 · paid last 24h +0.107%

Price spread now: Kraken Futures against Hyperliquid−0.144%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1701.699% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.602%+$60 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.144%, 7d avg −0.090%

Together, before fees+0.701%+ Points / potential airdropHyperliquid: Season 2 · farm board+$70 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.054% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.090%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.602%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid KAITO	0.3478	0.1004	pay 0.0125% / 1h	41m 20s	$2.0M	$785K	5x
Short	Kraken Futures PF_KAITOUSD	0.3473	0.0978	get 0.0122% / 1h	41m 20s	$242K	$159K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.144%Rate

Funding earned: −$5.43
Price spread: −0.144% → −0.090%: −$5.45
Slippage, 4 orders: −$150.92
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$180.79
Costs to cover: 1.699%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; Kraken Futures: live order book, 26 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, 10 min ago	1.01 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 26 min ago	5.71 bp	60.8 bp −$61	179.6 bp −$1,796	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	−0.0489%	1h	0.3473	−0.164%	$20K	$176K	10x	as long as short
Injective KAITO/USDC PERP	−0.0064%	1h	0.3466	−0.351%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.102%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0076%	4h	0.3463	−0.437%	$555K	$61K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3472	−0.166%	$115K	$38K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3473	−0.151%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3474	−0.112%	$10.6M	$16.3M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3475	−0.092%	$4.3M	$7.1M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3468	−0.293%	$4.2M	$10.2M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3473	−0.150%	$680K	$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	0.3473	−0.150%	$3.3M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3474	−0.121%	$1.4M	$168K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3472	−0.178%	$4.3M	$3.2M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3474	−0.121%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3475	−0.079%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3466	−0.338%	$237K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3481	+0.081%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3473	−0.155%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3472	−0.174%	$78K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3470	−0.238%	$241K	—	3x	as long as short
edgeX KAITOUSDC	+0.0111%	4h	0.3480	+0.054%	$17K	$322K	5x	as long as short
Polymarket Perps KAITO-USD	+0.0118%	1h	0.3476	−0.069%	$14K	$4.1M	5x	as long as short
Paradex KAITO-USD-PERP	+0.0119%	8h	0.3475	−0.101%	$4K	$604	10x	as long as short
Kraken Futures PF_KAITOUSDshort	+0.0978%	1h	0.3473	−0.144%	$242K	$159K	10x
Hyperliquid KAITOlong	+0.1004%	1h	0.3478	long leg	$2.0M	$785K	5x
Lighter KAITO	+0.1336%	1h	0.3485	+0.196%	$86K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.5728%	1h	0.3556	+2.231%	$6K	$2K	3x	as long as short