Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0905%/8h= −99.1% APRpaid last 24h −0.157%

Price spread now: MEXC against Kraken Futures−0.070%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1661.657% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.743%−$74 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now −0.070%, 7d avg −0.024%

Together, before fees−0.741%−$74 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and MEXC is 0.046% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KAITOUSD	0.3478	0.1005	pay 0.0126% / 1h	14m 24s	$240K	$157K	10x
Short	MEXC KAITO_USDT	0.3476	0.0100	get 0.0050% / 4h	14m 24s	$3.3M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$190.05
Price spread: −0.070% → −0.024%: −$4.61
Slippage, 4 orders: −$155.72
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$360.38
Costs to cover: 1.657%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 63 min ago; MEXC: live order book, 3 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, 63 min ago	5.75 bp	72.4 bp −$72	11697.4 bp −$117.0K	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.44 bp	2.1 bp −$2	9.6 bp −$96	72.1 bp −$7,214	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	−0.0010%	1h	0.3476	−0.070%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.113%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3476	−0.058%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3478	−0.011%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3476	−0.058%	$10.5M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3481	+0.073%	$4.4M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3474	−0.128%	$4.2M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3480	+0.045%	$683K	$1.7M	75x	as long as short
MEXC KAITO_USDTshort	+0.0100%	4h	0.3476	−0.070%	$3.3M	$1.0M	50x
KuCoin KAITOUSDTM	+0.0100%	4h	0.3479	+0.016%	$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	0.3482	+0.102%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3478	−0.013%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3475	−0.090%	$18K	$164K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3484	+0.160%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3475	−0.085%	$235K	$3.0M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3476	−0.070%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3480	+0.042%	$11K	$4.2M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3477	−0.039%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0103%	8h	0.3476	−0.066%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3478	−0.010%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3477	−0.042%	$241K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0114%	4h	0.3475	−0.099%	$17K	$323K	5x	as long as short
BloFin KAITO-USDT	+0.0158%	4h	0.3481	+0.073%	$545K	$62K	75x	as long as short
Hyperliquid KAITO	+0.0954%	1h	0.3484	+0.151%	$2.0M	$766K	5x	as long as short
Kraken Futures PF_KAITOUSDlong	+0.1005%	1h	0.3478	long leg	$240K	$157K	10x
Lighter KAITO	+0.1456%	1h	0.3493	+0.404%	$83K	$83K	5x	as long as short
01 Exchange KAITOUSD	+0.8912%	1h	0.3570	+2.644%	$6K	$2K	3x	as long as short