Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0277%/8h= −30.3% APRpaid last 24h −0.063%

Price spread now: Extended against Aster−0.057%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$277as in the Price arb table

costs, in and out, $10k−$2832.830% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.357%−$36 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.057%, 7d avg −0.121%

Together, before fees−0.427%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.065% dearer against Aster than usual: you sell high and buy low (spread −0.057% now, against its 7-day average of −0.121%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster KITEUSDT	0.1193	0.0381	pay 0.0191% / 4h	35m 15s	$8.3M	$102K	5x
Short	Extended KITE-USD	0.1192	0.0104	get 0.0013% / 1h	35m 15s	$16K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$58.19
Price spread: −0.057% → −0.121%: $6.48
Slippage, 4 orders: −$270.02
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$334.73
Costs to cover: 2.830%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Extended: live order book, 40 min ago.

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 Aster live order book, 4 min ago	2.93 bp	177.1 bp −$177	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 40 min ago	3.79 bp	53.6 bp −$54	286.4 bp −$2,864	doesn't fit	doesn't fit

KITE on 13 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
Binance KITEUSDT	+0.0100%	4h	0.1193	+0.001%	$19.9M	$5.8M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1192	−0.088%	$1.1M	$2.5M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1192	−0.063%	$1.0M	$303K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1193	−0.021%	$738K	$243K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1192	−0.038%	$411K	$60K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1195	+0.130%	$2.6M	$401K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1193	−0.004%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1192	−0.095%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1192	−0.122%	$2K	$1.2M	20x	as long as short
Extended KITE-USDshort	+0.0104%	1h	0.1192	−0.057%	$16K	$150K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KITE-USDT	+0.0147%	4h	0.1192	−0.063%	$821K	$57K	10x	as long as short
Aster KITEUSDTlong	+0.0381%	4h	0.1193	long leg	$8.3M	$102K	5x
Gate KITE_USDT	+0.0450%	4h	0.1193	+0.012%	$538K	$228K	25x	as long as short