Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0574%/8h= −62.8% APRnext payment −$0.72 per $10,000 · paid last 24h —

Price spread now: Backpack against Reya+4.079%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

The price spread pays, funding is against you. Backpack is 4.079% dearer against Reya than usual: you sell high and buy low (spread +4.079% now, against zero (this spread has no 7-day history yet)): +$408 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya KAITORUSDPERP	0.3370	0	get 0.0000% / 1h	54m 44s	—	—	—
Short	Backpack KAITO_USDC_PERP	0.3508	−0.0574	pay 0.0072% / 1h	54m 44s	$19K	$167K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now +4.079%Rate

Funding earned: −$120.47
Price spread: +4.079% → 0.000%: $407.85
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: $271.38
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 8 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 8 min ago	0.43 bp	10.8 bp −$11	doesn't fit	doesn't fit	doesn't fit

Reya: 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 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	−0.0574%	1h	0.3508	+4.079%	$19K	$167K	10x
Injective KAITO/USDC PERP	−0.0368%	1h	0.3508	+4.087%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERPlong	0.0000%	1h	0.3370	long leg	—	—	—
Pacifica KAITO	+0.0100%	1h	0.3511	+4.181%	$18K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3510	+4.147%	$10.7M	$16.4M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3512	+4.206%	$4.5M	$7.1M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3508	+4.087%	$4.3M	$10.4M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3512	+4.206%	$690K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3509	+4.117%	$3.3M	$1.0M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3512	+4.206%	$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	0.3515	+4.295%	$4.5M	$3.2M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3513	+4.236%	—	$6.8M	—	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3535	+4.886%	$44K	$229K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3515	+4.288%	$240K	$2.8M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3512	+4.206%	$30K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3516	+4.313%	$13K	$4.2M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3509	+4.129%	$3K	$2K	10x	as long as short
Aster KAITOUSDT	+0.0101%	4h	0.3512	+4.200%	$117K	$39K	10x	as long as short
edgeX KAITOUSDC	+0.0103%	4h	0.3513	+4.236%	$17K	$323K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3514	+4.255%	$79K	$54K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3508	+4.102%	$244K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0123%	8h	0.3510	+4.132%	$4K	$604	10x	as long as short
Kraken Futures PF_KAITOUSD	+0.0698%	1h	0.3511	+4.187%	$245K	$148K	10x	as long as short
Hyperliquid KAITO	+0.0892%	1h	0.3517	+4.351%	$2.1M	$778K	5x	as long as short
Lighter KAITO	+0.1616%	1h	0.3524	+4.556%	$87K	$93K	5x	as long as short
01 Exchange KAITOUSD	+0.8712%	1h	0.3615	+7.268%	$6K	$2K	3x	as long as short