Funding you earn now, next payment 04:00 UTC−0.0572%/8h= −62.6% APRpaid last 24h −0.017%
Price spread now: Backpack against Orderly−0.188%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Backpack is 0.188% cheaper against Orderly than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_KAITO_USDC_mythos | 0.3507 | 0.0100 | pay 0.0050% / 4h | 23m 25s | $3K | $2K | 10x |
| Short | Backpack KAITO_USDC_PERP | 0.3500 | −0.0472 | pay 0.0059% / 1h | 23m 25s | $19K | $176K | 10x |
Orderly PERP_KAITO_USDC_mythos
Backpack KAITO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Orderly. 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
- −$120.14
- Price spread: −0.188% → 0.000%
- −$18.82
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$154.96
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 35 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 35 min ago | 0.87 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0472% | 1h | 0.3500 | −0.188% | $19K | $176K | 10x | |
| Injective KAITO/USDC PERP | −0.0154% | 1h | 0.3458 | −1.400% | $7K | $52K | 12x | as long as short |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −3.901% | — | — | — | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3504 | −0.079% | $119K | $51K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3505 | −0.061% | $18K | $15K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3508 | +0.013% | $10.7M | $16.9M | 75x | as long as short |
| Bybit KAITOUSDT | +0.0100% | 4h | 0.3509 | +0.054% | $4.3M | $7.7M | 75x | as long as short |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3505 | −0.060% | $4.3M | $10.8M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3505 | −0.060% | $668K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3506 | −0.031% | $3.4M | $1.1M | 50x | as long as short |
Injective KAITO/USDC PERP
Reya KAITORUSDPERP
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
Bybit KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDT
MEXC KAITO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3504 | −0.088% | $1.4M | $170K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3509 | +0.054% | $4.4M | $3.4M | 75x | as long as short |
| BingX KAITO-USDC | +0.0100% | 4h | 0.3505 | −0.060% | — | $6.5M | — | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3494 | −0.363% | $44K | $228K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3500 | −0.202% | $239K | $2.6M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3498 | −0.259% | $28K | $258K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3509 | +0.048% | $13K | $4.4M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythoslong | +0.0100% | 4h | 0.3507 | long leg | $3K | $2K | 10x | |
| Extended KAITO-USD | +0.0104% | 1h | 0.3509 | +0.042% | $78K | $62K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3508 | +0.026% | $244K | — | 3x | as long as short |
| edgeX KAITOUSDC | +0.0120% | 4h | 0.3497 | −0.280% | $17K | $323K | 5x | as long as short |
| Paradex KAITO-USD-PERP | +0.0120% | 8h | 0.3506 | −0.041% | $4K | $604 | 10x | as long as short |
| BloFin KAITO-USDT | +0.0138% | 4h | 0.3496 | −0.317% | $547K | $67K | 75x | as long as short |
| Kraken Futures PF_KAITOUSD | +0.0398% | 1h | 0.3510 | +0.075% | $247K | $157K | 10x | as long as short |
| 01 Exchange KAITOUSD | +0.0624% | 1h | 0.3507 | −0.003% | $6K | $2K | 3x | as long as short |
| Hyperliquid KAITO | +0.0830% | 1h | 0.3512 | +0.148% | $2.1M | $817K | 5x | as long as short |
| Lighter KAITO | +0.1032% | 1h | 0.3514 | +0.205% | $87K | $92K | 5x | as long as short |
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDC
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Extended KAITO-USD
Aevo KAITO-PERP
edgeX KAITOUSDC
Paradex KAITO-USD-PERP
BloFin KAITO-USDT
Kraken Futures PF_KAITOUSD
01 Exchange KAITOUSD
Hyperliquid KAITO
Lighter KAITO