Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0078%/8h= +8.6% APRpaid last 24h +0.158%

Price spread now: Paradex against Injective−0.210%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.210% cheaper against Injective than usual: you would sell low and buy high (spread −0.210% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 8.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective KAITO/USDC PERP	0.3510	0.0044	pay 0.0005% / 1h	14m 56s	$7K	$52K	12x
Short	Paradex KAITO-USD-PERP	0.3503	0.0122	get 0.0122% / 8h	1h 14m	$4K	$604	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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 InjectivebpFee ParadexbpOrdersPrice spread, now −0.210%Rate

Funding earned: $16.41
Price spread: −0.210% → 0.000%: −$20.95
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$8.56
Costs to cover: 0.040%
Break-even: 10.6 days

Slippage unknown: Injective: no order-book sample; Paradex: no order-book sample. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Injective and Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.977%	—	—	—	as long as short
Injective KAITO/USDC PERPlong	+0.0044%	1h	0.3510	long leg	$7K	$52K	12x
BloFin KAITO-USDT	+0.0090%	4h	0.3509	−0.028%	$550K	$67K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3504	−0.185%	$117K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3507	−0.072%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3502	−0.228%	$10.6M	$17.3M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3503	−0.199%	$4.4M	$8.0M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3499	−0.313%	$4.3M	$11.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3504	−0.171%	$658K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3499	−0.313%	$3.0M	$1.2M	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	0.3506	−0.114%	$1.4M	$164K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3503	−0.199%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3503	−0.199%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3500	−0.271%	$19K	$190K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3509	−0.032%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3511	+0.026%	$239K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3512	+0.057%	$29K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3502	−0.228%	$15K	$4.7M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3504	−0.157%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3502	−0.222%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3501	−0.256%	$243K	—	3x	as long as short
edgeX KAITOUSDC	+0.0116%	4h	0.3513	+0.074%	$18K	$327K	5x	as long as short
Paradex KAITO-USD-PERPshort	+0.0122%	8h	0.3503	−0.210%	$4K	$604	10x
Hyperliquid KAITO	+0.0650%	1h	0.3505	−0.142%	$2.0M	$867K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0810%	1h	0.3501	−0.266%	$245K	$156K	10x	as long as short
Lighter KAITO	+0.1424%	1h	0.3513	+0.100%	$86K	$102K	5x	as long as short
01 Exchange KAITOUSD	+0.8240%	1h	0.3584	+2.123%	$6K	$988	3x	as long as short