Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0513%/8h= +56.2% APRpaid last 24h +0.055%

Price spread now: Hyperliquid against Variational Omni+0.142%7-day average +0.056% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.132%+$13 on $10k

Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.142%, 7d avg +0.056%

Together, before fees−0.030%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.086% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.056%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.132% in total (about 14.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni KAITO	0.3472	0.0100	pay 0.0050% / 4h	2h 25m	$43K	$236K	—
Short	Hyperliquid KAITO	0.3477	0.0613	get 0.0077% / 1h	25m 12s	$2.0M	$744K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.142%Rate

Funding earned: $107.81
Price spread: +0.142% → +0.056%: $8.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $107.4
Costs to cover: 0.090%
Break-even: 0.0 days

Slippage unknown: Variational Omni: RFQ quote, 63 min ago; Hyperliquid: live order book, 6 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 Variational Omni RFQ quote, 63 min ago	7.21 bp	doesn't fit	76.4 bp −$764	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.59 bp	16.0 bp −$16	doesn't fit	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
Kraken Futures PF_KAITOUSD	−0.0256%	1h	0.3465	−0.224%	$236K	$160K	10x	as long as short
Injective KAITO/USDC PERP	−0.0057%	1h	0.3458	−0.414%	$7K	$52K	12x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−2.942%	—	—	—	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3469	−0.092%	$116K	$34K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3472	−0.020%	$18K	$12K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3470	−0.057%	$10.5M	$15.6M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3474	+0.047%	$4.3M	$6.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3468	−0.126%	$4.1M	$10.0M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3471	−0.040%	$674K	$1.7M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3470	−0.068%	$3.3M	$1.0M	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	0.3466	−0.184%	$1.4M	$175K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3473	+0.018%	$4.2M	$2.9M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3471	−0.040%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3468	−0.123%	$18K	$168K	10x	as long as short
Variational Omni KAITOlong	+0.0100%	4h	0.3472	long leg	$43K	$236K	—
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3462	−0.299%	$231K	$3.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3462	−0.299%	$29K	$256K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3474	+0.035%	$15K	$4.0M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3471	−0.045%	$3K	$2K	10x	as long as short
edgeX KAITOUSDC	+0.0100%	4h	0.3463	−0.279%	$17K	$320K	5x	as long as short
Paradex KAITO-USD-PERP	+0.0103%	8h	0.3472	−0.006%	$4K	$604	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3472	−0.019%	$62K	$41K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3471	−0.054%	$241K	$1K	3x	as long as short
BloFin KAITO-USDT	+0.0109%	4h	0.3469	−0.097%	$539K	$60K	75x	as long as short
01 Exchange KAITOUSD	+0.0224%	1h	0.3471	−0.054%	$6K	$2K	3x	as long as short
Hyperliquid KAITOshort	+0.0613%	1h	0.3477	+0.142%	$2.0M	$744K	5x
Lighter KAITO	+0.1024%	1h	0.3479	+0.191%	$83K	$82K	5x	as long as short