KAITO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0616%/8h= −67.5% APRnext payment −$0.77 per $10,000 · paid last 24h −0.011%

Price spread now: Backpack against Polymarket Perps−0.162%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs+$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Polymarket Perps Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.710%+$71 on $10k

Price spread, last 4 days (all we have)−0.752%−$75 · spread now −0.162%, 7d avg −0.055%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Backpack is 0.106% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.055%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.710%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps KAITO-USD	0.3523	0.0175	pay 0.0022% / 1h	1m 18s	$16K	$4.2M	5x
Short	Backpack KAITO_USDC_PERP	0.3517	−0.0442	pay 0.0055% / 1h	1m 18s	$20K	$171K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Polymarket Perps. 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 Polymarket PerpsbpFee BackpackbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$129.41
Price spread: −0.162% → −0.055%: −$10.64
Slippage, 4 orders: −$19.66
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$177.71
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Backpack: live order book, 2 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 Polymarket Perps live order book, 3 min ago	2.13 bp	7.2 bp −$7	7.4 bp −$74	doesn't fit	doesn't fit
Sell Backpack live order book, 2 min ago	0.43 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit

KAITO on 26 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	−0.0442%	1h	0.3517	−0.162%	$20K	$171K	10x
Injective KAITO/USDC PERP	−0.0064%	1h	0.3508	−0.417%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.327%	—	—	—	as long as short
Pacifica KAITO	+0.0100%	1h	0.3520	−0.077%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3521	−0.047%	$10.7M	$16.3M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3525	+0.065%	$4.5M	$7.1M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3520	−0.077%	$4.3M	$10.4M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3521	−0.048%	$690K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3520	−0.077%	$3.3M	$1.1M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3523	+0.009%	$1.4M	$165K	30x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KAITOUSDT	+0.0100%	4h	0.3526	+0.094%	$4.5M	$3.2M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3522	−0.020%	—	$6.5M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3521	−0.037%	$44K	$229K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3524	+0.036%	$241K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3522	−0.020%	$30K	$257K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3520	−0.071%	$3K	$2K	10x	as long as short
edgeX KAITOUSDC	+0.0101%	4h	0.3521	−0.036%	$18K	$324K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3524	+0.027%	$79K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3520	−0.077%	$244K	—	3x	as long as short
Aster KAITOUSDT	+0.0105%	4h	0.3519	−0.095%	$117K	$39K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0124%	8h	0.3521	−0.039%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USDlong	+0.0175%	1h	0.3523	long leg	$16K	$4.2M	5x
Hyperliquid KAITO	+0.0919%	1h	0.3527	+0.133%	$2.1M	$781K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0965%	1h	0.3519	−0.101%	$245K	$148K	10x	as long as short
Lighter KAITO	+0.1464%	1h	0.3536	+0.369%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.7168%	1h	0.3619	+2.728%	$6K	$2K	3x	as long as short