Funding arb · Price arb /

KITE

all KITE markets

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 0.000%

Price spread now: OKX against Bitget−0.126%7-day average −0.187% · 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−$96as in the Price arb table

costs, in and out, $10k−$1021.023% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.126%, 7d avg −0.187%

Together, before fees+0.005%+$1 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: OKX is 0.062% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.187%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KITEUSDT	0.1193	0.0100	pay 0.0050% / 4h	30m 46s	$2.6M	$393K	10x
Short	OKX KITE-USDT-SWAP	0.1191	0.0100	get 0.0050% / 4h	30m 46s	$999K	$303K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.126%Rate

Funding earned: $0
Price spread: −0.126% → −0.187%: $6.16
Slippage, 4 orders: −$80.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$96.16
Costs to cover: 1.023%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 16 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	6.70 bp	14.1 bp −$14	63.7 bp −$637	doesn't fit	doesn't fit
Sell OKX live order book, 16 min ago	5.87 bp	36.5 bp −$36	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	0.1192	−0.087%	$19.8M	$5.7M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1191	−0.117%	$1.1M	$2.5M	25x	as long as short
OKX KITE-USDT-SWAPshort	+0.0100%	4h	0.1191	−0.126%	$999K	$303K	10x
MEXC KITE_USDT	+0.0100%	4h	0.1192	−0.101%	$737K	$244K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1192	−0.075%	$410K	$60K	10x	as long as short
Bitget KITEUSDTlong	+0.0100%	4h	0.1193	long leg	$2.6M	$393K	10x
BingX KITE-USDT	+0.0100%	4h	0.1192	−0.101%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1191	−0.137%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1191	−0.168%	$2K	$1.2M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1191	−0.113%	$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	+0.0123%	4h	0.1192	−0.042%	$822K	$57K	10x	as long as short
Aster KITEUSDT	+0.0383%	4h	0.1192	−0.049%	$8.3M	$102K	5x	as long as short
Gate KITE_USDT	+0.0438%	4h	0.1193	0.000%	$538K	$228K	25x	as long as short