KAITO arbitrage explained
Right now KAITO trades on 10 venues we scan: 10 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.3229 and the highest bid on Gate spot at $0.3235.
The widest KAITO perpetual spread is between Binance and Hyperliquid: long KAITO on Binance at $0.3229 and short on Hyperliquid at $0.3233 for +0.13% gross, or -0.03% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.001% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best KAITO route is to buy spot on OKX and short the perpetual on Hyperliquid: +0.06% gross, -0.14% net, with +0.030% a day of funding on the short leg.
Spot–spot KAITO arbitrage (buy on OKX, withdraw, deposit and sell on Gate) shows +0.12% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small KAITO gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: KAITO funding rates · KAITO spread charts · KAITO price · arbitrage scanner for all coins.