Funding arb · Price arb /

KAITO

all KAITO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.157%

Price spread now: Injective against Variational Omni−0.364%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Injective is 0.364% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.364% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 2 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni KAITO	0.3486	0.0100	pay 0.0050% / 4h	1h 56m	$46K	$125K	—
Short	Injective KAITO/USDC PERP	0.3473	0.0116	get 0.0015% / 1h	56m 52s	$7K	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −0.364%Rate

Funding earned: $3.44
Price spread: −0.364% → 0.000%: −$36.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$32.96
Costs to cover: 0.000%
Break-even: 74.2 days

Slippage unknown: Variational Omni: RFQ quote, 55 min ago; Injective: no order-book sample. 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, 55 min ago	7.22 bp	doesn't fit	82.3 bp −$823	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 exchanges

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	−0.0312%	1h	0.3483	−0.090%	$245K	$163K	10x	as long as short
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−3.311%	—	—	—	as long as short
Hyperliquid KAITO	+0.0100%	1h	0.3490	+0.130%	$2.0M	$856K	5x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3492	+0.181%	$115K	$59K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3491	+0.166%	$19K	$7K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3486	+0.012%	$10.6M	$17.5M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3489	+0.095%	$4.6M	$8.8M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3485	−0.020%	$4.3M	$10.9M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3490	+0.124%	$653K	$1.6M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3486	+0.009%	$3.3M	$1.3M	50x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTM	+0.0100%	4h	0.3490	+0.124%	$1.4M	$166K	30x	as long as short
Bitget KAITOUSDT	+0.0100%	4h	0.3492	+0.181%	$4.5M	$3.6M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3489	+0.095%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3486	+0.021%	$18K	$197K	10x	as long as short
Variational Omni KAITOlong	+0.0100%	4h	0.3486	long leg	$46K	$125K	—
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3492	+0.185%	$244K	$2.2M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3491	+0.153%	$29K	$258K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3490	+0.124%	$18K	$5.0M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3491	+0.141%	$3K	$2K	10x	as long as short
Paradex KAITO-USD-PERP	+0.0104%	8h	0.3490	+0.135%	$4K	—	10x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3485	−0.010%	$91K	$80K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3487	+0.038%	$242K	—	3x	as long as short
Injective KAITO/USDC PERPshort	+0.0116%	1h	0.3473	−0.364%	$7K	$51K	12x
edgeX KAITOUSDC	+0.0119%	4h	0.3483	−0.081%	$17K	$330K	5x	as long as short
BloFin KAITO-USDT	+0.0153%	4h	0.3492	+0.181%	$559K	$67K	75x	as long as short
Lighter KAITO	+0.0544%	1h	0.3504	+0.531%	$92K	$109K	5x	as long as short
01 Exchange KAITOUSD	+0.7040%	1h	0.3562	+2.195%	$6K	$503	3x	as long as short