Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

KITE

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
AsterKITEUSDT
0.1423+0.0170pay 0.0085% / 4h2h 01m$9.9M$142K5xLong Aster≤10% back
SHORT
TxFlowKITE-USDC
0.1422+0.0100get 0.0013% / 1h1m 27s$22K$104K20xShort TxFlow5% off
Price gap−0.094%
Funding gap−0.0070% /8h

Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.099% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$1−0.0070% /8h now · paid −0.005% over the last 5 hours (all we have)
Price−$10spread −0.094% now, avg +0.005% → −0.099% if it goes back
Costs−$3413.406% of $10k · taker + slippage, in and out
Result−$351−3.51%+ Points / potential airdropAster: Stage 5 · TxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.094%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

KITE on 14 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size264.3 / 31.5 bp
    At $10k entering Aster costs 264.3 bp, fee and slippage, 8.4× TxFlow’s.
  • Note: Margin at max leverage$2,000 + $500
    Aster 5x, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$2.10Long Aster: 6 payments, −$5.10; short TxFlow: 24 payments, +$3.00.
  • Watch: Gap narrower than usual−0.094% vs +0.005%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$22K vs $9.9M OI
    TxFlow sets your exit cost. Check its book before closing.
  • OK: Points on a legAster Stage 5 · TxFlow points
    Volume here counts toward the points program.
  • OK: No KYC on either legAster No · TxFlow No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0087%/8h × 21 periods−$18.32
Price spread−0.094% → +0.005% (7d avg)−$9.86
Slippage, 4 orderslive order books−$323.64
Fee Aster bp × 2 orders−$8.00
Fee TxFlow bp × 2 orders−$9.00
Net · 7 days · $10k−$368.82
Costs to cover3.406%Break-evennever at this rate
Slippage: Aster: live order book, 3 min ago; TxFlow: live order book, 52 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGAster4.57264.3 bp−$264doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTTxFlow6.9831.5 bp−$31123.7 bp−$1,237doesn’t fitdoesn’t fit

Closing costs about the same again.

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