Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.004%

Price spread now: Extended against BloFin−0.116%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1171.170% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)+0.095%+$9 · spread now −0.116%, 7d avg −0.047%

Together, before fees+0.106%+ Points / potential airdropExtended: Active · farm board+$11 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 0.069% cheaper against BloFin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin KITE-USDT	0.1190	0.0112	pay 0.0056% / 4h	1h 37m	$818K	$58K	10x
Short	Extended KITE-USD	0.1189	0.0104	get 0.0013% / 1h	37m 08s	$16K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.116%Rate

Funding earned: −$1.76
Price spread: −0.116% → −0.047%: −$6.89
Slippage, 4 orders: −$99.99
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$125.65
Costs to cover: 1.170%
Break-even: never at this rate

Slippage from BloFin: live order book, 45 min ago; Extended: live order book, 44 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, 45 min ago	1.68 bp	14.7 bp −$15	35.7 bp −$357	doesn't fit	doesn't fit
Sell Extended live order book, 44 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	0.1189	−0.092%	$19.8M	$5.8M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1188	−0.134%	$1.1M	$2.5M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1186	−0.319%	$993K	$302K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1189	−0.109%	$736K	$248K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1189	−0.076%	$409K	$56K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1190	+0.042%	$2.6M	$399K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1189	−0.092%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1187	−0.251%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1188	−0.151%	$2K	$1.3M	20x	as long as short
Extended KITE-USDshort	+0.0104%	1h	0.1189	−0.116%	$16K	$150K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KITE-USDTlong	+0.0112%	4h	0.1190	long leg	$818K	$58K	10x
Aster KITEUSDT	+0.0235%	4h	0.1190	+0.046%	$8.2M	$109K	5x	as long as short
Gate KITE_USDT	+0.0296%	4h	0.1190	+0.034%	$537K	$225K	25x	as long as short