Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h −0.227%

Price spread now: Bybit against Kraken Futures+0.152%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$322as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2492.493% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.731%−$73 on $10k

Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.152%, 7d avg +0.039%

Together, before fees−0.853%−$85 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.113% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of +0.039%): +$11 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KAITOUSD	0.3459	0.0404	pay 0.0051% / 1h	38m 52s	$243K	$155K	10x
Short	Bybit KAITOUSDT	0.3464	0.0100	get 0.0050% / 4h	38m 52s	$4.3M	$7.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.152%Rate

Funding earned: −$63.92
Price spread: +0.152% → +0.039%: $11.27
Slippage, 4 orders: −$228.26
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$301.91
Costs to cover: 2.493%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 19 min ago; Bybit: live order book, 4 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, 19 min ago	21.62 bp	105.6 bp −$106	12238.7 bp −$122.4K	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.44 bp	28.1 bp −$28	78.3 bp −$783	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	−0.0501%	1h	0.3460	+0.048%	$18K	$169K	10x	as long as short
Injective KAITO/USDC PERP	−0.0154%	1h	0.3465	+0.181%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.557%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3464	+0.146%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3468	+0.273%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3463	+0.113%	$10.5M	$16.9M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3464	+0.152%	$4.3M	$7.6M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3461	+0.065%	$4.2M	$10.7M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3465	+0.181%	$661K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3462	+0.094%	$3.4M	$1.1M	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	0.3466	+0.210%	$1.4M	$170K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3467	+0.239%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3464	+0.152%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3469	+0.292%	$43K	$228K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3466	+0.222%	$237K	$2.6M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3468	+0.267%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3466	+0.210%	$9K	$4.4M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3465	+0.184%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3463	+0.120%	$77K	$62K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3463	+0.134%	$240K	—	3x	as long as short
BloFin KAITO-USDT	+0.0116%	4h	0.3461	+0.065%	$545K	$66K	75x	as long as short
Paradex KAITO-USD-PERP	+0.0116%	8h	0.3466	+0.208%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0120%	4h	0.3465	+0.184%	$17K	$322K	5x	as long as short
Kraken Futures PF_KAITOUSDlong	+0.0404%	1h	0.3459	long leg	$243K	$155K	10x
01 Exchange KAITOUSD	+0.0712%	1h	0.3512	+1.525%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0723%	1h	0.3466	+0.211%	$2.0M	$806K	5x	as long as short
Lighter KAITO	+0.1136%	1h	0.3474	+0.432%	$86K	$92K	5x	as long as short