Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0559%/8h= −61.2% APRpaid last 24h −0.176%

Price spread now: OKX against Kraken Futures+0.044%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,509as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,418as in the Price arb table

costs, in and out, $10k−$1,42514.247% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.842%−$84 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.044%, 7d avg −0.022%

Together, before fees−0.884%−$88 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.067% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.022%): +$7 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_KAITOUSD	0.3543	0.0659	pay 0.0082% / 1h	35m 05s	$249K	$160K	10x
Short	OKX KAITO-USDT-SWAP	0.3545	0.0100	get 0.0050% / 4h	35m 05s	$4.3M	$11.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$117.34
Price spread: +0.044% → −0.022%: $6.68
Slippage, 4 orders: −$1,404.68
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,535.34
Costs to cover: 14.247%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; OKX: 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, 2 min ago	4.24 bp	1325.2 bp −$1,325	14216.5 bp −$142.2K	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.84 bp	13.8 bp −$14	33.8 bp −$338	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	−4.887%	—	—	—	as long as short
BloFin KAITO-USDT	+0.0060%	4h	0.3549	+0.157%	$557K	$68K	75x	as long as short
Injective KAITO/USDC PERP	+0.0068%	1h	0.3534	−0.266%	$7K	$52K	12x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3547	+0.096%	$119K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3548	+0.116%	$19K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3547	+0.096%	$10.8M	$17.5M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3552	+0.242%	$4.7M	$8.3M	75x	as long as short
OKX KAITO-USDT-SWAPshort	+0.0100%	4h	0.3545	+0.044%	$4.3M	$11.4M	50x
Gate KAITO_USDT	+0.0100%	4h	0.3547	+0.101%	$657K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3546	+0.073%	$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	0.3547	+0.101%	$1.4M	$164K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3549	+0.157%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3546	+0.073%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3548	+0.121%	$19K	$193K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3547	+0.110%	$45K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3527	−0.463%	$251K	$2.4M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3542	−0.040%	$30K	$260K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3548	+0.140%	$25K	$5.0M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3546	+0.073%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3545	+0.045%	$81K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3548	+0.138%	$246K	—	3x	as long as short
edgeX KAITOUSDC	+0.0105%	4h	0.3536	−0.212%	$17K	$327K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0111%	8h	0.3548	+0.125%	$4K	$604	10x	as long as short
Hyperliquid KAITO	+0.0283%	1h	0.3554	+0.298%	$2.1M	$876K	5x	as long as short
Kraken Futures PF_KAITOUSDlong	+0.0659%	1h	0.3543	long leg	$249K	$160K	10x
Lighter KAITO	+0.0840%	1h	0.3561	+0.496%	$88K	$102K	5x	as long as short
01 Exchange KAITOUSD	+0.4048%	1h	0.3546	+0.070%	$6K	$988	3x	as long as short