Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0840%/8h= +92.0% APRpaid last 24h +0.070%

Price spread now: Hyperliquid against MEXC+0.222%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 7 days−0.130%−$13 · spread now +0.222%, 7d avg +0.081%

Together, before fees+0.007%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Hyperliquid is 0.141% dearer against MEXC than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.081%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KAITO_USDT	0.3474	0.0100	pay 0.0050% / 4h	21m 05s	$3.3M	$1.0M	50x
Short	Hyperliquid KAITO	0.3482	0.0940	get 0.0118% / 1h	21m 05s	$2.0M	$765K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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 MEXCbpFee HyperliquidbpOrdersPrice spread, now +0.222%Rate

Funding earned: $176.46
Price spread: +0.222% → +0.081%: $14.05
Slippage, 4 orders: −$20.78
Fee MEXC: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $160.73
Costs to cover: 0.298%
Break-even: 0.6 days

Slippage from MEXC: live order book, 1 min ago; Hyperliquid: live order book, 10 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, 1 min ago	1.44 bp	3.2 bp −$3	8.8 bp −$88	64.8 bp −$6,485	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.86 bp	12.2 bp −$12	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
Injective KAITO/USDC PERP	−0.0010%	1h	0.3476	+0.058%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.988%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3479	+0.140%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3481	+0.203%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3476	+0.059%	$10.5M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3478	+0.115%	$4.4M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3473	−0.029%	$4.2M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3480	+0.173%	$679K	$1.7M	75x	as long as short
MEXC KAITO_USDTlong	+0.0100%	4h	0.3474	long leg	$3.3M	$1.0M	50x
KuCoin KAITOUSDTM	+0.0100%	4h	0.3481	+0.201%	$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	0.3478	+0.115%	$4.3M	$3.0M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3476	+0.058%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3474	+0.012%	$19K	$164K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3481	+0.202%	$44K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3472	−0.071%	$234K	$3.0M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3470	−0.115%	$30K	$257K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3480	+0.167%	$11K	$4.2M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3479	+0.141%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0101%	8h	0.3479	+0.143%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3474	+0.010%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3476	+0.045%	$241K	$1K	3x	as long as short
BloFin KAITO-USDT	+0.0104%	4h	0.3474	0.000%	$545K	$61K	75x	as long as short
edgeX KAITOUSDC	+0.0112%	4h	0.3470	−0.124%	$17K	$322K	5x	as long as short
Hyperliquid KAITOshort	+0.0940%	1h	0.3482	+0.222%	$2.0M	$765K	5x
Kraken Futures PF_KAITOUSD	+0.1005%	1h	0.3477	+0.080%	$240K	$156K	10x	as long as short
Lighter KAITO	+0.1488%	1h	0.3492	+0.509%	$83K	$83K	5x	as long as short
01 Exchange KAITOUSD	+0.8864%	1h	0.3572	+2.824%	$6K	$2K	3x	as long as short