Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.003%

Price spread now: BloFin against Polymarket Perps−0.032%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.328%+$33 on $10k

Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.032%, 7d avg +0.001%

Together, before fees+0.418%+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.033% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.001%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.328%, 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	0.3468	0.0142	pay 0.0018% / 1h	1m 03s	$17K	$4.1M	5x
Short	BloFin KAITO-USDT	0.3467	0.0041	get 0.0021% / 4h	3h 01m	$552K	$60K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$21.27
Price spread: −0.032% → +0.001%: −$3.27
Slippage, 4 orders: −$15.52
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$60.07
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; BloFin: live order book, 5 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	2.87 bp	7.1 bp −$7	7.3 bp −$73	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	1.43 bp	8.0 bp −$8	21.9 bp −$219	150.3 bp −$15.0K	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
Injective KAITO/USDC PERP	−0.0015%	1h	0.3486	+0.516%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.820%	—	—	—	as long as short
BloFin KAITO-USDTshort	+0.0041%	4h	0.3467	−0.032%	$552K	$60K	75x
Aster KAITOUSDT	+0.0100%	4h	0.3465	−0.093%	$118K	$37K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3468	−0.012%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3466	−0.056%	$10.6M	$15.9M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3469	+0.026%	$4.4M	$6.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3463	−0.147%	$4.2M	$9.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3468	−0.003%	$681K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3465	−0.089%	$3.3M	$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	0.3467	−0.032%	$1.4M	$165K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3467	−0.032%	$4.2M	$3.0M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3467	−0.032%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3464	−0.110%	$18K	$161K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3469	+0.023%	$43K	$230K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3498	+0.866%	$236K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3481	+0.372%	$30K	$256K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3465	−0.084%	$3K	$2K	10x	as long as short
edgeX KAITOUSDC	+0.0101%	4h	0.3484	+0.466%	$17K	$324K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3465	−0.087%	$77K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3464	−0.104%	$240K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0110%	8h	0.3467	−0.023%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USDlong	+0.0142%	1h	0.3468	long leg	$17K	$4.1M	5x
Kraken Futures PF_KAITOUSD	+0.0858%	1h	0.3464	−0.132%	$240K	$156K	10x	as long as short
Hyperliquid KAITO	+0.1110%	1h	0.3472	+0.118%	$2.0M	$766K	5x	as long as short
Lighter KAITO	+0.1768%	1h	0.3480	+0.349%	$89K	$90K	5x	as long as short
01 Exchange KAITOUSD	+0.2632%	1h	0.3467	−0.046%	$6K	$2K	3x	as long as short