Funding arb · Price arb /

KITE

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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 −0.010%

Price spread now: Variational Omni against Binance−0.293%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.293% cheaper against Binance than usual: you would sell low and buy high, −$29 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KITEUSDT	0.1197	0.0100	pay 0.0050% / 4h	58m 21s	$20.0M	$5.8M	10x
Short	Variational Omni KITE	0.1193	0.0100	get 0.0050% / 4h	58m 21s	$10K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.293%Rate

Funding earned: $0
Price spread: −0.293% → 0.000%: −$29.33
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$39.33
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 13 min ago	0.42 bp	16.8 bp −$17	51.7 bp −$517	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1197	long leg	$20.0M	$5.8M	10x
Bybit KITEUSDT	+0.0100%	4h	0.1197	−0.042%	$1.1M	$2.5M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1194	−0.217%	$1.0M	$303K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1196	−0.050%	$740K	$242K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1196	−0.050%	$409K	$59K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1197	−0.042%	$2.7M	$391K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1197	−0.025%	—	$6.5M	—	as long as short
Variational Omni KITEshort	+0.0100%	4h	0.1193	−0.293%	$10K	$13K	—
SunX KITE-USDT	+0.0100%	4h	0.1196	−0.084%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1197	−0.022%	$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	−0.167%	$823K	$58K	10x	as long as short
Aster KITEUSDT	+0.0311%	4h	0.1195	−0.150%	$8.3M	$101K	5x	as long as short
Gate KITE_USDT	+0.0450%	4h	0.1197	+0.017%	$540K	$224K	25x	as long as short