Funding you earn now, next payment 04:00 UTC−0.0880%/8h= −96.4% APRnext payment −$4.40 per $10,000 · paid last 24h +0.037%
Price spread now: Gate against BingX+0.176%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$1941.938% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.176%, 7d avg +0.086%
=The price spread pays, funding is against you. Gate is 0.090% dearer against BingX than usual: you sell high and buy low (spread +0.176% now, against its 7-day average of +0.086%): +$9 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 8 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.40 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KITE-USDT | 0.1196 | 0.1218 | pay 0.0609% / 4h | 2h 33m | — | $6.5M | — |
| Short | Gate KITE_USDT | 0.1198 | 0.0338 | get 0.0169% / 4h | 2h 33m | $539K | $241K | 25x |
BingX KITE-USDT
Gate KITE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$184.8
- Price spread: +0.176% → +0.086%
- $8.98
- Slippage, 4 orders
- −$168.77
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$369.59
- Costs to cover
- 1.938%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Gate: live order book, 33 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 BingX live order book, 8 min ago | 6.68 bp | 23.2 bp −$23 | 59.1 bp −$591 | 710.5 bp −$71.0K | 1214.4 bp −$607.2K |
| Sell Gate live order book, 33 min ago | 9.91 bp | 88.9 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
KITE on 12 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 | 0.1196 | −0.034% | $20.0M | $6.0M | 10x | as long as short |
| OKX KITE-USDT-SWAP | +0.0100% | 4h | 0.1195 | −0.100% | $1.0M | $336K | 10x | as long as short |
| MEXC KITE_USDT | +0.0100% | 4h | 0.1196 | −0.017% | $744K | $309K | 50x | as long as short |
| KuCoin KITEUSDTM | +0.0100% | 4h | 0.1197 | +0.059% | $411K | $62K | 10x | as long as short |
| Bitget KITEUSDT | +0.0100% | 4h | 0.1197 | +0.050% | $2.6M | $476K | 10x | as long as short |
| Variational Omni KITE | +0.0100% | 4h | 0.1199 | +0.248% | $10K | $13K | — | as long as short |
| SunX KITE-USDT | +0.0100% | 4h | 0.1195 | −0.092% | $2K | $1.3M | 20x | as long as short |
| Extended KITE-USD | +0.0104% | 1h | 0.1196 | −0.047% | $16K | $90K | 10x | as long as short |
| Gate KITE_USDTshort | +0.0338% | 4h | 0.1198 | +0.176% | $539K | $241K | 25x | |
| Aster KITEUSDT | +0.0534% | 4h | 0.1197 | +0.078% | $8.3M | $102K | 5x | as long as short |
Binance KITEUSDT
OKX KITE-USDT-SWAP
MEXC KITE_USDT
KuCoin KITEUSDTM
Bitget KITEUSDT
Variational Omni KITE
SunX KITE-USDT
Extended KITE-USD
Aster KITEUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KITE-USDTlong | +0.1218% | 4h | 0.1196 | long leg | — | $6.5M | — | |
| Bybit KITEUSDT | +0.1332% | 4h | 0.1197 | +0.050% | $1.3M | $2.7M | 25x | as long as short |
Bybit KITEUSDT