Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Backpack against OKX+0.047%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on OKX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.456%+$46 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.047%, 7d avg −0.009%

Together, before fees+0.402%+$40 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.055% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KAITO-USDT-SWAP	0.3437	0.0100	pay 0.0050% / 4h	2h 05m	$4.1M	$9.9M	50x
Short	Backpack KAITO_USDC_PERP	0.3439	0.0100	get 0.0013% / 1h	5m 35s	$18K	$168K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against OKX. 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 OKXbpFee BackpackbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → −0.009%: $5.54
Slippage, 4 orders: −$27.3
Fee OKX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$41.77
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Backpack: live order book, 17 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 OKX live order book, 3 min ago	1.45 bp	13.0 bp −$13	65.4 bp −$654	doesn't fit	doesn't fit
Sell Backpack live order book, 17 min ago	0.43 bp	9.8 bp −$10	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
Kraken Futures PF_KAITOUSD	−0.0257%	1h	0.3444	+0.215%	$235K	$159K	10x	as long as short
Injective KAITO/USDC PERP	−0.0057%	1h	0.3458	+0.611%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−1.942%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3439	+0.060%	$115K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3441	+0.113%	$17K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3439	+0.058%	$10.4M	$15.7M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3441	+0.116%	$4.3M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAPlong	+0.0100%	4h	0.3437	long leg	$4.1M	$9.9M	50x
Gate KAITO_USDT	+0.0100%	4h	0.3442	+0.145%	$669K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3438	+0.029%	$3.3M	$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	0.3442	+0.145%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3443	+0.175%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3440	+0.087%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERPshort	+0.0100%	1h	0.3439	+0.047%	$18K	$168K	10x
Variational Omni KAITO	+0.0100%	4h	0.3447	+0.303%	$43K	$236K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3447	+0.292%	$230K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3444	+0.204%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3440	+0.093%	$11K	$4.0M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3439	+0.064%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0102%	8h	0.3440	+0.079%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3440	+0.076%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3439	+0.068%	$239K	$1K	3x	as long as short
edgeX KAITOUSDC	+0.0119%	4h	0.3444	+0.197%	$17K	$320K	5x	as long as short
BloFin KAITO-USDT	+0.0122%	4h	0.3440	+0.087%	$537K	$59K	75x	as long as short
01 Exchange KAITOUSD	+0.0192%	1h	0.3438	+0.020%	$6K	$2K	3x	as long as short
Hyperliquid KAITO	+0.0661%	1h	0.3445	+0.241%	$2.0M	$744K	5x	as long as short
Lighter KAITO	+0.1152%	1h	0.3453	+0.480%	$82K	$82K	5x	as long as short