Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: OKX against Binance−0.156%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1101.098% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.156%, 7d avg −0.121%

Together, before fees−0.030%−$3 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: OKX is 0.035% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KITEUSDT	0.1218	0.0100	pay 0.0050% / 4h	0m 05s	$20.3M	$6.1M	10x
Short	OKX KITE-USDT-SWAP	0.1216	0.0100	get 0.0050% / 4h	0m 05s	$1.0M	$353K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.156%Rate

Funding earned: $0
Price spread: −0.156% → −0.121%: −$3.48
Slippage, 4 orders: −$89.84
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$113.31
Costs to cover: 1.098%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; OKX: live order book, 1 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, 11 min ago	0.41 bp	25.2 bp −$25	71.9 bp −$719	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	7.80 bp	37.0 bp −$37	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
BloFin KITE-USDT	+0.0096%	4h	0.1219	+0.107%	$841K	$50K	10x	as long as short
Binance KITEUSDTlong	+0.0100%	4h	0.1218	long leg	$20.3M	$6.1M	10x
Bybit KITEUSDT	+0.0100%	4h	0.1218	0.000%	$1.2M	$2.9M	25x	as long as short
OKX KITE-USDT-SWAPshort	+0.0100%	4h	0.1216	−0.156%	$1.0M	$353K	10x
MEXC KITE_USDT	+0.0100%	4h	0.1218	−0.008%	$736K	$296K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1219	+0.090%	$420K	$65K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1218	+0.049%	$2.7M	$540K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1218	0.000%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1220	+0.167%	$11K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1216	−0.115%	$2K	$1.3M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KITE-USD	+0.0104%	1h	0.1217	−0.029%	$17K	$86K	10x	as long as short
Aster KITEUSDT	+0.0479%	4h	0.1220	+0.153%	$8.4M	$96K	5x	as long as short
Gate KITE_USDT	+0.0524%	4h	0.1220	+0.181%	$564K	$249K	25x	as long as short