Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.017%
Price spread now: OKX against BingX−0.211%7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1011.014% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 4 days (all we have)+0.296%+$30 · spread now −0.211%, 7d avg −0.106%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.106% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.106%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KITE-USDT | 0.1183 | 0.0118 | pay 0.0059% / 4h | 2h 34m | — | $6.5M | — |
| Short | OKX KITE-USDT-SWAP | 0.1181 | 0.0100 | get 0.0050% / 4h | 2h 34m | $988K | $308K | 10x |
BingX KITE-USDT
OKX KITE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$3.78
- Price spread: −0.211% → −0.106%
- −$10.58
- Slippage, 4 orders
- −$81.36
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$115.72
- Costs to cover
- 1.014%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; OKX: live order book, 52 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, 7 min ago | 5.49 bp | 19.5 bp −$20 | 54.6 bp −$546 | 842.3 bp −$84.2K | 1259.9 bp −$630.0K |
| Sell OKX live order book, 52 min ago | 4.22 bp | 30.7 bp −$31 | 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 | +0.0092% | 4h | 0.1183 | +0.017% | $822K | $59K | 10x | as long as short |
| Bybit KITEUSDT | +0.0100% | 4h | 0.1181 | −0.144% | $1.1M | $2.6M | 25x | as long as short |
| OKX KITE-USDT-SWAPshort | +0.0100% | 4h | 0.1181 | −0.211% | $988K | $308K | 10x | |
| KuCoin KITEUSDTM | +0.0100% | 4h | 0.1183 | −0.017% | $407K | $56K | 10x | as long as short |
| Bitget KITEUSDT | +0.0100% | 4h | 0.1183 | +0.034% | $2.6M | $388K | 10x | as long as short |
| Variational Omni KITE | +0.0100% | 4h | 0.1181 | −0.164% | $10K | $13K | — | as long as short |
| SunX KITE-USDT | +0.0100% | 4h | 0.1182 | −0.085% | $1K | $1.3M | 20x | as long as short |
| Binance KITEUSDT | +0.0100% | 4h | 0.1183 | −0.006% | $19.8M | $5.9M | 10x | as long as short |
| Extended KITE-USD | +0.0104% | 1h | 0.1183 | −0.018% | $16K | $150K | 10x | as long as short |
| MEXC KITE_USDT | +0.0104% | 4h | 0.1183 | −0.017% | $732K | $253K | 50x | as long as short |
BloFin KITE-USDT
Bybit KITEUSDT
KuCoin KITEUSDTM
Bitget KITEUSDT
Variational Omni KITE
SunX KITE-USDT
Binance KITEUSDT
Extended KITE-USD
MEXC KITE_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KITE-USDTlong | +0.0118% | 4h | 0.1183 | long leg | — | $6.5M | — | |
| Aster KITEUSDT | +0.0298% | 4h | 0.1183 | −0.008% | $8.2M | $112K | 5x | as long as short |
| Gate KITE_USDT | +0.0352% | 4h | 0.1183 | −0.042% | $532K | $227K | 25x | as long as short |
Aster KITEUSDT
Gate KITE_USDT