Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0548%/8h= +60.0% APRpaid last 24h +0.175%

Price spread now: Kraken Futures against Paradex−0.205%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.205% cheaper against Paradex than usual: you would sell low and buy high (spread −0.205% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 30 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex KAITO-USD-PERP	0.3531	0.0114	pay 0.0114% / 8h	48m 22s	$4K	$604	10x
Short	Kraken Futures PF_KAITOUSD	0.3524	0.0662	get 0.0083% / 1h	48m 22s	$247K	$158K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now −0.205%Rate

Funding earned: $115.13
Price spread: −0.205% → 0.000%: −$20.54
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $80.58
Costs to cover: 0.140%
Break-even: 2.1 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 54 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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 54 min ago	8.58 bp	53.7 bp −$54	162.0 bp −$1,620	doesn't fit	doesn't fit

Paradex: 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
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.546%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0068%	1h	0.3512	−0.534%	$7K	$52K	12x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3529	−0.064%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3529	−0.062%	$19K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3531	+0.002%	$10.7M	$17.3M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3531	+0.004%	$4.4M	$8.1M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3522	−0.251%	$4.3M	$11.2M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3527	−0.109%	$657K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3530	−0.024%	$3.0M	$1.2M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3527	−0.109%	$1.4M	$162K	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	0.3529	−0.052%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3526	−0.137%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3523	−0.208%	$19K	$192K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3510	−0.596%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3513	−0.500%	$250K	$2.4M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3513	−0.506%	$29K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3529	−0.041%	$13K	$4.9M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3529	−0.064%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3526	−0.143%	$81K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3526	−0.127%	$245K	—	3x	as long as short
edgeX KAITOUSDC	+0.0106%	4h	0.3511	−0.566%	$17K	$327K	5x	as long as short
BloFin KAITO-USDT	+0.0113%	4h	0.3520	−0.307%	$558K	$67K	75x	as long as short
Paradex KAITO-USD-PERPlong	+0.0114%	8h	0.3531	long leg	$4K	$604	10x
Hyperliquid KAITO	+0.0254%	1h	0.3534	+0.086%	$2.1M	$871K	5x	as long as short
Kraken Futures PF_KAITOUSDshort	+0.0662%	1h	0.3524	−0.205%	$247K	$158K	10x
Lighter KAITO	+0.0888%	1h	0.3542	+0.310%	$87K	$102K	5x	as long as short
01 Exchange KAITOUSD	+0.7040%	1h	0.3530	−0.021%	$6K	$988	3x	as long as short