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 −0.008%

Price spread now: Binance against Bybit+0.038%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$2062.059% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days−0.006%−$1 · spread now +0.038%, 7d avg +0.004%

Together, before fees+0.003%$0 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: Binance is 0.034% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KITEUSDT	0.1191	0.0100	pay 0.0050% / 4h	8m 36s	$1.1M	$2.5M	25x
Short	Binance KITEUSDT	0.1191	0.0100	get 0.0050% / 4h	8m 36s	$19.8M	$5.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.004%: $3.39
Slippage, 4 orders: −$184.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$202.47
Costs to cover: 2.059%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Binance: 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 Bybit live order book, 3 min ago	4.62 bp	91.8 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.42 bp	19.1 bp −$19	51.5 bp −$515	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
BloFin KITE-USDT	+0.0062%	4h	0.1191	+0.008%	$821K	$57K	10x	as long as short
Binance KITEUSDTshort	+0.0100%	4h	0.1191	+0.038%	$19.8M	$5.8M	10x
Bybit KITEUSDTlong	+0.0100%	4h	0.1191	long leg	$1.1M	$2.5M	25x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1189	−0.168%	$997K	$302K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1191	+0.025%	$720K	$248K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1191	+0.050%	$410K	$60K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1192	+0.126%	$2.6M	$393K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1191	+0.008%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1190	−0.027%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1190	−0.092%	$2K	$1.3M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KITE-USD	+0.0104%	1h	0.1191	+0.008%	$16K	$150K	10x	as long as short
Aster KITEUSDT	+0.0368%	4h	0.1191	+0.017%	$8.2M	$103K	5x	as long as short
Gate KITE_USDT	+0.0400%	4h	0.1192	+0.084%	$537K	$229K	25x	as long as short