Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.006%

Price spread now: Bybit against Polymarket Perps+0.003%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.363%+$36 on $10k

Price spread, last 7 days+0.111%+$11 · spread now +0.003%, 7d avg +0.047%

Together, before fees+0.474%+$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.044% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.047%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.363%, 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	0.3471	0.0116	pay 0.0014% / 1h	28m 49s	$14K	$4.6M	5x
Short	Bybit KAITOUSDT	0.3471	0.0100	get 0.0050% / 4h	2h 28m	$4.3M	$7.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$3.29
Price spread: +0.003% → +0.047%: −$4.37
Slippage, 4 orders: −$34.12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$60.78
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Bybit: live order book, 4 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, 5 min ago	2.31 bp	6.6 bp −$7	7.0 bp −$70	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.44 bp	14.5 bp −$15	71.3 bp −$713	doesn't fit	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
Backpack KAITO_USDC_PERP	−0.0281%	1h	0.3470	−0.035%	$20K	$185K	10x	as long as short
Injective KAITO/USDC PERP	−0.0060%	1h	0.3470	−0.026%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.896%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3468	−0.072%	$117K	$50K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3468	−0.093%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3468	−0.084%	$10.6M	$17.1M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3471	+0.003%	$4.3M	$7.9M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3464	−0.199%	$4.2M	$10.8M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3467	−0.112%	$651K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3466	−0.141%	$3.1M	$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	0.3470	−0.026%	$1.4M	$179K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3469	−0.055%	$4.3M	$3.5M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3468	−0.084%	—	$6.8M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3465	−0.157%	$43K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3468	−0.090%	$246K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3464	−0.199%	$29K	$261K	50x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3467	−0.124%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3468	−0.083%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3468	−0.069%	$241K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0109%	8h	0.3466	−0.151%	$4K	$604	10x	as long as short
Polymarket Perps KAITO-USDlong	+0.0116%	1h	0.3471	long leg	$14K	$4.6M	5x
edgeX KAITOUSDC	+0.0117%	4h	0.3468	−0.095%	$17K	$327K	5x	as long as short
BloFin KAITO-USDT	+0.0119%	4h	0.3471	+0.003%	$552K	$67K	75x	as long as short
Kraken Futures PF_KAITOUSD	+0.0390%	1h	0.3468	−0.093%	$243K	$154K	10x	as long as short
Hyperliquid KAITO	+0.0807%	1h	0.3473	+0.074%	$2.0M	$853K	5x	as long as short
Lighter KAITO	+0.1472%	1h	0.3483	+0.363%	$86K	$100K	5x	as long as short
01 Exchange KAITOUSD	+0.8352%	1h	0.3530	+1.703%	$6K	$1K	3x	as long as short