Funding you earn now, next payment 05:00 UTC−0.0479%/8h= −52.5% APRpaid last 24h −0.020%
Price spread now: Backpack against MEXC+0.034%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days+0.358%+$36 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.034%, 7d avg +0.002%
=The price spread pays, funding is against you. Backpack is 0.032% dearer against MEXC than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of +0.002%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.358%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC KAITO_USDT | 0.3509 | 0.0100 | pay 0.0050% / 4h | 3h 22m | $3.2M | $1.1M | 50x |
| Short | Backpack KAITO_USDC_PERP | 0.3510 | −0.0379 | pay 0.0047% / 1h | 22m 31s | $20K | $178K | 10x |
MEXC KAITO_USDT
Backpack KAITO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$100.67
- Price spread: +0.034% → +0.002%
- $3.25
- Slippage, 4 orders
- −$25.38
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$132.8
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Backpack: live order book, 31 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 MEXC live order book, 5 min ago | 1.42 bp | 5.4 bp −$5 | 8.8 bp −$88 | 60.5 bp −$6,049 | doesn't fit |
| Sell Backpack live order book, 31 min ago | 0.85 bp | 15.1 bp −$15 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack KAITO_USDC_PERPshort | −0.0379% | 1h | 0.3510 | +0.034% | $20K | $178K | 10x | |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −3.952% | — | — | — | as long as short |
| Injective KAITO/USDC PERP | +0.0009% | 1h | 0.3511 | +0.057% | $7K | $52K | 12x | as long as short |
| Kraken Futures PF_KAITOUSD | +0.0030% | 1h | 0.3513 | +0.118% | $247K | $156K | 10x | as long as short |
| BloFin KAITO-USDT | +0.0045% | 4h | 0.3514 | +0.142% | $564K | $67K | 75x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3511 | +0.063% | $119K | $50K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3510 | +0.032% | $18K | $14K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3510 | +0.025% | $10.7M | $16.8M | 75x | as long as short |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3512 | +0.085% | $4.4M | $7.7M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3508 | −0.028% | $4.3M | $10.7M | 50x | as long as short |
Reya KAITORUSDPERP
Injective KAITO/USDC PERP
Kraken Futures PF_KAITOUSD
BloFin KAITO-USDT
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
Bybit KAITOUSDT
OKX KAITO-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate KAITO_USDT | +0.0100% | 4h | 0.3510 | +0.028% | $664K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDTlong | +0.0100% | 4h | 0.3509 | long leg | $3.2M | $1.1M | 50x | |
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3513 | +0.114% | $1.4M | $167K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3513 | +0.114% | $4.4M | $3.4M | 75x | as long as short |
| BingX KAITO-USDC | +0.0100% | 4h | 0.3509 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3514 | +0.152% | $44K | $211K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3514 | +0.138% | $242K | $2.5M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3507 | −0.057% | $29K | $260K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3513 | +0.125% | $21K | $4.5M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3512 | +0.074% | $3K | $2K | 10x | as long as short |
| Paradex KAITO-USD-PERP | +0.0101% | 8h | 0.3510 | +0.027% | $4K | $604 | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3508 | −0.020% | $79K | $62K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3512 | +0.085% | $244K | — | 3x | as long as short |
| edgeX KAITOUSDC | +0.0110% | 4h | 0.3508 | −0.028% | $17K | $324K | 5x | as long as short |
| Hyperliquid KAITO | +0.0673% | 1h | 0.3515 | +0.160% | $2.1M | $828K | 5x | as long as short |
| Lighter KAITO | +0.1240% | 1h | 0.3523 | +0.413% | $87K | $101K | 5x | as long as short |
| 01 Exchange KAITOUSD | +0.5824% | 1h | 0.3600 | +2.593% | $6K | $2K | 3x | as long as short |
Gate KAITO_USDT
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDC
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Paradex KAITO-USD-PERP
Extended KAITO-USD
Aevo KAITO-PERP
edgeX KAITOUSDC
Hyperliquid KAITO
Lighter KAITO
01 Exchange KAITOUSD