Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.010%

Price spread now: Extended against Bitget−0.093%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1401.395% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.093%, 7d avg −0.052%

Together, before fees+0.222%+ Points / potential airdropExtended: Active · farm board+$22 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: Extended is 0.041% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KITEUSDT	0.1185	0.0100	pay 0.0050% / 4h	2h 12m	$2.6M	$387K	10x
Short	Extended KITE-USD	0.1184	0.0104	get 0.0013% / 1h	12m 54s	$16K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0.84
Price spread: −0.093% → −0.052%: −$4.09
Slippage, 4 orders: −$122.53
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$142.78
Costs to cover: 1.395%
Break-even: 1196.8 days

Slippage from Bitget: live order book, 4 min ago; Extended: live order book, 8 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, 4 min ago	6.72 bp	32.3 bp −$32	69.7 bp −$697	doesn't fit	doesn't fit
Sell Extended live order book, 8 min ago	2.95 bp	46.8 bp −$47	277.4 bp −$2,774	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	0.1183	−0.157%	$19.8M	$5.9M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1182	−0.203%	$1.2M	$2.6M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1182	−0.262%	$990K	$305K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1184	−0.093%	$733K	$255K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1185	+0.017%	$407K	$56K	10x	as long as short
Bitget KITEUSDTlong	+0.0100%	4h	0.1185	long leg	$2.6M	$387K	10x
BingX KITE-USDT	+0.0100%	4h	0.1183	−0.160%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1184	−0.042%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1183	−0.135%	$1K	$1.3M	20x	as long as short
Extended KITE-USDshort	+0.0104%	1h	0.1184	−0.093%	$16K	$150K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KITE-USDT	+0.0157%	4h	0.1185	−0.025%	$822K	$58K	10x	as long as short
Aster KITEUSDT	+0.0264%	4h	0.1184	−0.044%	$8.2M	$110K	5x	as long as short
Gate KITE_USDT	+0.0278%	4h	0.1185	0.000%	$534K	$228K	25x	as long as short