KITE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h +0.012%

Price spread now: Bybit against BloFin−0.135%102s7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1361.361% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.175%+$18 · spread now −0.135%, 7d avg −0.055%

Together, before fees+0.170%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.080% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.055%). Swap the legs. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin KITE-USDT	0.1188	0.0122	pay 0.0061% / 4h	1h 53m	$822K	$58K	10x
Short	Bybit KITEUSDT	0.1186	0.0100	get 0.0050% / 4h	1h 53m	$1.1M	$2.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$4.57
Price spread: −0.135% → −0.055%: −$7.96
Slippage, 4 orders: −$113.1
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$148.62
Costs to cover: 1.361%
Break-even: never at this rate

Slippage from BloFin: live order book, 28 min ago; Bybit: live order book, 4 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 BloFin live order book, 28 min ago	1.68 bp	14.7 bp −$15	35.7 bp −$357	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.95 bp	49.3 bp −$49	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	0.1186	−0.126%	$19.8M	$5.8M	10x	as long as short
Bybit KITEUSDTshort	+0.0100%	4h	0.1186	−0.135%	$1.1M	$2.5M	25x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1185	−0.202%	$992K	$302K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1186	−0.126%	$734K	$247K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1185	−0.202%	$407K	$56K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1187	−0.017%	$2.6M	$387K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1186	−0.177%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1187	−0.051%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1189	+0.093%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1186	−0.135%	$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-USDTlong	+0.0122%	4h	0.1188	long leg	$822K	$58K	10x
Gate KITE_USDT	+0.0194%	4h	0.1186	−0.160%	$534K	$224K	25x	as long as short
Aster KITEUSDT	+0.0206%	4h	0.1188	−0.002%	$8.2M	$109K	5x	as long as short