Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h —

Price spread now: Bybit against Reya+4.444%46s7-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 Bybit

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 4.444% dearer against Reya than usual: you sell high and buy low: +$444 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya KAITORUSDPERP	0.3370	0	get 0.0000% / 1h	20m 36s	—	—	—
Short	Bybit KAITOUSDT	0.3520	0.0100	get 0.0050% / 4h	1h 20m	$4.4M	$8.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +4.444%Rate

Funding earned: $21
Price spread: +4.444% → 0.000%: $444.37
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $448.37
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.42 bp	27.4 bp −$27	82.6 bp −$826	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 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 KAITORUSDPERPlong	0.0000%	1h	0.3370	long leg	—	—	—
Injective KAITO/USDC PERP	+0.0044%	1h	0.3510	+4.147%	$7K	$52K	12x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3516	+4.320%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3516	+4.325%	$18K	$14K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3517	+4.355%	$10.7M	$17.3M	75x	as long as short
Bybit KAITOUSDTshort	+0.0100%	4h	0.3520	+4.444%	$4.4M	$8.0M	75x
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3513	+4.236%	$4.3M	$11.1M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3516	+4.325%	$661K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3516	+4.325%	$3.0M	$1.2M	50x	as long as short
KuCoin KAITOUSDTM	+0.0100%	4h	0.3513	+4.236%	$1.4M	$164K	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	0.3520	+4.444%	$4.4M	$3.5M	75x	as long as short
BingX KAITO-USDT	+0.0100%	4h	0.3517	+4.355%	—	$6.7M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3513	+4.236%	$19K	$190K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3512	+4.203%	$44K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3507	+4.054%	$239K	$2.5M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3508	+4.088%	$29K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3512	+4.218%	$18K	$4.7M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3511	+4.189%	$3K	$2K	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3518	+4.382%	$80K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3511	+4.171%	$244K	—	3x	as long as short
edgeX KAITOUSDC	+0.0111%	4h	0.3507	+4.043%	$18K	$325K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0125%	8h	0.3516	+4.336%	$4K	$604	10x	as long as short
BloFin KAITO-USDT	+0.0157%	4h	0.3511	+4.177%	$550K	$67K	75x	as long as short
Hyperliquid KAITO	+0.0678%	1h	0.3518	+4.384%	$2.1M	$867K	5x	as long as short
Kraken Futures PF_KAITOUSD	+0.0807%	1h	0.3514	+4.266%	$246K	$156K	10x	as long as short
Lighter KAITO	+0.1480%	1h	0.3529	+4.699%	$87K	$102K	5x	as long as short
01 Exchange KAITOUSD	+0.8320%	1h	0.3592	+6.589%	$6K	$988	3x	as long as short