Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.085%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.085%, 7d avg +0.062%

Together, before fees+0.109%+$11 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: Bybit is 0.023% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KAITO-USDT-SWAP	0.3532	0.0100	pay 0.0050% / 4h	12m 31s	$4.3M	$11.6M	50x
Short	Bybit KAITOUSDT	0.3535	0.0100	get 0.0050% / 4h	12m 31s	$4.7M	$8.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.062%: $2.26
Slippage, 4 orders: −$54.29
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$73.03
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 6 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, 1 min ago	1.42 bp	13.1 bp −$13	58.3 bp −$583	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	2.84 bp	22.3 bp −$22	68.8 bp −$688	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	−4.576%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0068%	1h	0.3535	+0.085%	$7K	$52K	12x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3535	+0.091%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3534	+0.054%	$19K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3533	+0.031%	$10.8M	$17.8M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3535	+0.085%	$4.7M	$8.6M	75x
OKX KAITO-USDT-SWAPlong	+0.0100%	4h	0.3532	long leg	$4.3M	$11.6M	50x
Gate KAITO_USDT	+0.0100%	4h	0.3536	+0.113%	$671K	$1.8M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3533	+0.028%	$3.3M	$1.2M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3536	+0.113%	$1.4M	$169K	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	0.3535	+0.085%	$4.4M	$3.6M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3534	+0.057%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3531	−0.017%	$20K	$196K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3528	−0.115%	$45K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3533	+0.025%	$251K	$2.4M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3530	−0.057%	$30K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3534	+0.071%	$17K	$5.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3534	+0.068%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3533	+0.025%	$81K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3533	+0.015%	$245K	—	3x	as long as short
edgeX KAITOUSDC	+0.0106%	4h	0.3530	−0.067%	$17K	$329K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0108%	8h	0.3534	+0.045%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0156%	4h	0.3538	+0.170%	$558K	$68K	75x	as long as short
Hyperliquid KAITO	+0.0360%	1h	0.3537	+0.139%	$2.1M	$897K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0661%	1h	0.3531	−0.025%	$249K	$164K	10x	as long as short
Lighter KAITO	+0.0896%	1h	0.3546	+0.408%	$87K	$102K	5x	as long as short
01 Exchange KAITOUSD	+0.2608%	1h	0.3532	−0.008%	$6K	$916	3x	as long as short