Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.002%

Price spread now: Orderly against Paradex+0.035%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Orderly

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

The price spread pays, funding is against you. Orderly is 0.035% dearer against Paradex than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex KAITO-USD-PERP	0.3501	0.0113	pay 0.0113% / 8h	1h 53m	$4K	$604	10x
Short	Orderly PERP_KAITO_USDC_mythos	0.3503	0.0100	get 0.0050% / 4h	1h 53m	$3K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.035%Rate

Funding earned: −$2.75
Price spread: +0.035% → 0.000%: $3.53
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$9.22
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Paradex and 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
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.744%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0044%	1h	0.3517	+0.444%	$7K	$52K	12x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3497	−0.114%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3504	+0.060%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3497	−0.127%	$10.7M	$17.2M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3500	−0.042%	$4.4M	$8.0M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3496	−0.156%	$4.3M	$11.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3500	−0.042%	$658K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3495	−0.185%	$3.0M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3501	−0.013%	$1.4M	$171K	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	0.3500	−0.042%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3500	−0.042%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3497	−0.133%	$19K	$185K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3508	+0.183%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3512	+0.287%	$239K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3511	+0.272%	$29K	$260K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3501	−0.002%	$21K	$4.6M	5x	as long as short
Orderly PERP_KAITO_USDC_mythosshort	+0.0100%	4h	0.3503	+0.035%	$3K	$2K	10x
Extended KAITO-USD	+0.0104%	1h	0.3497	−0.126%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3503	+0.057%	$243K	—	3x	as long as short
edgeX KAITOUSDC	+0.0106%	4h	0.3510	+0.257%	$18K	$324K	5x	as long as short
Paradex KAITO-USD-PERPlong	+0.0113%	8h	0.3501	long leg	$4K	$604	10x
BloFin KAITO-USDT	+0.0152%	4h	0.3504	+0.072%	$554K	$68K	75x	as long as short
Hyperliquid KAITO	+0.0654%	1h	0.3503	+0.040%	$2.0M	$864K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0810%	1h	0.3503	+0.051%	$246K	$156K	10x	as long as short
Lighter KAITO	+0.1456%	1h	0.3514	+0.347%	$87K	$101K	5x	as long as short
01 Exchange KAITOUSD	+0.7792%	1h	0.3583	+2.329%	$6K	$988	3x	as long as short