Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Bybit against Binance−0.057%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1501.497% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.057%, 7d avg −0.003%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.054% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KITEUSDT	0.1195	0.0100	pay 0.0050% / 4h	59m 02s	$19.9M	$5.8M	10x
Short	Bybit KITEUSDT	0.1195	0.0100	get 0.0050% / 4h	59m 02s	$1.1M	$2.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.003%: −$5.37
Slippage, 4 orders: −$128.72
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$155.1
Costs to cover: 1.497%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Bybit: live order book, 3 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 Binance live order book, 12 min ago	0.42 bp	16.8 bp −$17	51.7 bp −$517	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.26 bp	61.7 bp −$62	doesn't fit	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 KITEUSDTlong	+0.0100%	4h	0.1195	long leg	$19.9M	$5.8M	10x
Bybit KITEUSDTshort	+0.0100%	4h	0.1195	−0.057%	$1.1M	$2.5M	25x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1193	−0.199%	$1.0M	$302K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1195	−0.007%	$740K	$242K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1195	−0.015%	$408K	$59K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1197	+0.102%	$2.7M	$391K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1195	−0.015%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1193	−0.150%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1194	−0.082%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1195	−0.011%	$16K	$150K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KITE-USDT	+0.0146%	4h	0.1195	−0.023%	$823K	$58K	10x	as long as short
Aster KITEUSDT	+0.0311%	4h	0.1195	−0.007%	$8.3M	$101K	5x	as long as short
Gate KITE_USDT	+0.0444%	4h	0.1194	−0.099%	$539K	$223K	25x	as long as short