Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1204%/8h= +131.8% APRpaid last 24h +0.200%

Price spread now: Lighter against OKX+0.441%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$1091.089% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.305%+$31 on $10k

Price spread, last 4 days (all we have)−0.481%−$48 · spread now +0.441%, 7d avg +0.121%

Together, before fees−0.176%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Lighter is 0.320% dearer against OKX than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.121%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.305% in total (about 15.9% 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	OKX KAITO-USDT-SWAP	0.3518	0.0100	pay 0.0050% / 4h	2h 47m	$4.3M	$10.8M	50x
Short	Lighter KAITO	0.3533	0.1304	get 0.0163% / 1h	47m 08s	$88K	$100K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.441%Rate

Funding earned: $252.84
Price spread: +0.441% → +0.121%: $32.01
Slippage, 4 orders: −$98.85
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $176
Costs to cover: 1.089%
Break-even: 2.1 days

Slippage from OKX: live order book, 6 min ago; Lighter: live order book, 47 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, 6 min ago	2.85 bp	11.7 bp −$12	36.3 bp −$363	doesn't fit	doesn't fit
Sell Lighter live order book, 47 min ago	28.19 bp	34.0 bp −$34	113.0 bp −$1,130	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_PERP	−0.0137%	1h	0.3522	+0.117%	$19K	$185K	10x	as long as short
Injective KAITO/USDC PERP	−0.0060%	1h	0.3507	−0.313%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.196%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3522	+0.105%	$119K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3523	+0.147%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3521	+0.085%	$10.7M	$16.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3522	+0.114%	$4.4M	$7.8M	75x	as long as short
OKX KAITO-USDT-SWAPlong	+0.0100%	4h	0.3518	long leg	$4.3M	$10.8M	50x
Gate KAITO_USDT	+0.0100%	4h	0.3523	+0.142%	$661K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3518	0.000%	$3.2M	$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	0.3518	0.000%	$1.4M	$179K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3523	+0.142%	$4.4M	$3.4M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3521	+0.085%	—	$6.7M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3526	+0.238%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3522	+0.121%	$250K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3519	+0.028%	$29K	$261K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3522	+0.108%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3519	+0.037%	$80K	$64K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3518	0.000%	$244K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0107%	8h	0.3522	+0.100%	$4K	$604	10x	as long as short
edgeX KAITOUSDC	+0.0116%	4h	0.3522	+0.100%	$17K	$326K	5x	as long as short
BloFin KAITO-USDT	+0.0127%	4h	0.3523	+0.142%	$557K	$68K	75x	as long as short
Polymarket Perps KAITO-USD	+0.0244%	1h	0.3524	+0.182%	$18K	$4.6M	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0384%	1h	0.3520	+0.058%	$247K	$154K	10x	as long as short
Hyperliquid KAITO	+0.0877%	1h	0.3525	+0.199%	$2.1M	$843K	5x	as long as short
Lighter KAITOshort	+0.1304%	1h	0.3533	+0.441%	$88K	$100K	5x
01 Exchange KAITOUSD	+0.8136%	1h	0.3600	+2.334%	$6K	$1K	3x	as long as short