Funding you earn now, next payment 04:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.72 per $10,000 · paid last 24h +0.018%
Price spread now: Bybit against Bitget−0.133%7-day average −0.067% · 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−$158as in the Price arb table
costs, in and out, $10k−$1511.511% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.042%+$4 · spread now −0.133%, 7d avg −0.067%
=Funding pays, the price is against you. Bybit is 0.066% cheaper against Bitget than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of −0.067%). If the spread goes back, that is −$7 on $10k: about 37 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (0.000% in total) that is about years.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget KITEUSDT | 0.1199 | 0.0100 | pay 0.0050% / 4h | 55m 28s | $2.6M | $494K | 10x |
| Short | Bybit KITEUSDT | 0.1197 | 0.0244 | get 0.0122% / 4h | 55m 28s | $1.1M | $2.8M | 25x |
Bitget KITEUSDT
Bybit KITEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- $30.28
- Price spread: −0.133% → −0.067%
- −$6.64
- Slippage, 4 orders
- −$128.06
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$127.43
- Costs to cover
- 1.511%
- Break-even
- 36.5 days
Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 2 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 Bitget live order book, 2 min ago | 7.52 bp | 19.9 bp −$20 | 81.5 bp −$815 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.43 bp | 58.4 bp −$58 | 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 KITEUSDT | +0.0100% | 4h | 0.1198 | −0.075% | $20.0M | $6.0M | 10x | as long as short |
| OKX KITE-USDT-SWAP | +0.0100% | 4h | 0.1196 | −0.225% | $1.0M | $316K | 10x | as long as short |
| MEXC KITE_USDT | +0.0100% | 4h | 0.1198 | −0.050% | $724K | $292K | 50x | as long as short |
| KuCoin KITEUSDTM | +0.0100% | 4h | 0.1199 | −0.025% | $408K | $62K | 10x | as long as short |
| Bitget KITEUSDTlong | +0.0100% | 4h | 0.1199 | long leg | $2.6M | $494K | 10x | |
| Variational Omni KITE | +0.0100% | 4h | 0.1198 | −0.129% | $10K | $13K | — | as long as short |
| SunX KITE-USDT | +0.0100% | 4h | 0.1197 | −0.150% | $1K | $1.3M | 20x | as long as short |
| Extended KITE-USD | +0.0104% | 1h | 0.1199 | −0.048% | $16K | $89K | 10x | as long as short |
| BloFin KITE-USDT | +0.0108% | 4h | 0.1196 | −0.267% | $836K | $49K | 10x | as long as short |
| Bybit KITEUSDTshort | +0.0244% | 4h | 0.1197 | −0.133% | $1.1M | $2.8M | 25x |
Binance KITEUSDT
OKX KITE-USDT-SWAP
MEXC KITE_USDT
KuCoin KITEUSDTM
Variational Omni KITE
SunX KITE-USDT
Extended KITE-USD
BloFin KITE-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KITE-USDT | +0.0286% | 4h | 0.1198 | −0.117% | — | $6.5M | — | as long as short |
| Aster KITEUSDT | +0.0372% | 4h | 0.1199 | −0.007% | $8.3M | $95K | 5x | as long as short |
| Gate KITE_USDT | +0.0426% | 4h | 0.1199 | −0.042% | $554K | $244K | 25x | as long as short |
BingX KITE-USDT
Aster KITEUSDT
Gate KITE_USDT