KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0561%/8h= −61.4% APRnext payment −$0.70 per $10,000 · paid last 24h −0.198%

Price spread now: Backpack against Kraken Futures+0.103%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,469as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,413as in the Price arb table

costs, in and out, $10k−$1,42614.262% of the position

Long on Kraken Futures Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.427%−$43 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.103%, 7d avg −0.025%

Together, before fees−0.498%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.128% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.025%): +$13 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.427% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KAITOUSD	0.3532	0.0661	pay 0.0083% / 1h	17m 02s	$249K	$164K	10x
Short	Backpack KAITO_USDC_PERP	0.3535	0.0100	get 0.0013% / 1h	17m 02s	$20K	$196K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Kraken Futures. 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 Kraken FuturesbpFee BackpackbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$117.79
Price spread: +0.103% → −0.025%: $12.79
Slippage, 4 orders: −$1,406.21
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$1,531.2
Costs to cover: 14.262%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 20 min ago; Backpack: live order book, 21 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 Kraken Futures live order book, 20 min ago	4.24 bp	1325.2 bp −$1,325	14216.5 bp −$142.2K	doesn't fit	doesn't fit
Sell Backpack live order book, 21 min ago	0.71 bp	17.3 bp −$17	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
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.573%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0068%	1h	0.3535	+0.089%	$7K	$52K	12x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3536	+0.119%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3528	−0.112%	$19K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3536	+0.117%	$10.8M	$17.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3538	+0.174%	$4.7M	$8.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3534	+0.061%	$4.3M	$11.6M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3535	+0.089%	$671K	$1.8M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3533	+0.032%	$3.3M	$1.2M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3535	+0.089%	$1.4M	$169K	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	0.3537	+0.145%	$4.4M	$3.6M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3535	+0.089%	—	$6.8M	—	as long as short
Backpack KAITO_USDC_PERPshort	+0.0100%	1h	0.3535	+0.103%	$20K	$196K	10x
Variational Omni KAITO	+0.0100%	4h	0.3517	−0.410%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3530	−0.059%	$251K	$2.4M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3523	−0.251%	$30K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3532	−0.010%	$18K	$5.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3532	−0.002%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3536	+0.105%	$81K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3535	+0.089%	$245K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0109%	8h	0.3527	−0.149%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0119%	4h	0.3525	−0.183%	$17K	$328K	5x	as long as short
BloFin KAITO-USDT	+0.0128%	4h	0.3531	−0.024%	$562K	$68K	75x	as long as short
Hyperliquid KAITO	+0.0358%	1h	0.3540	+0.242%	$2.1M	$896K	5x	as long as short
Kraken Futures PF_KAITOUSDlong	+0.0661%	1h	0.3532	long leg	$249K	$164K	10x
Lighter KAITO	+0.0896%	1h	0.3551	+0.531%	$87K	$102K	5x	as long as short
01 Exchange KAITOUSD	+0.2880%	1h	0.3531	−0.027%	$6K	$988	3x	as long as short