Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Bitget against Bybit−0.050%7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1791.795% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.177%+$18 · spread now −0.050%, 7d avg +0.065%

Together, before fees+0.177%+$18 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: Bitget is 0.115% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KITEUSDT	0.1202	0.0100	pay 0.0050% / 4h	31m 06s	$1.1M	$2.8M	25x
Short	Bitget KITEUSDT	0.1202	0.0100	get 0.0050% / 4h	31m 06s	$2.6M	$507K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → +0.065%: −$11.53
Slippage, 4 orders: −$156.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$191.01
Costs to cover: 1.795%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	5.83 bp	57.2 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	8.31 bp	29.7 bp −$30	73.0 bp −$730	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	+0.0067%	4h	0.1204	+0.141%	$839K	$50K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1204	+0.100%	$20.1M	$6.1M	10x	as long as short
Bybit KITEUSDTlong	+0.0100%	4h	0.1202	long leg	$1.1M	$2.8M	25x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1202	−0.058%	$1.0M	$329K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1203	+0.075%	$727K	$293K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1203	+0.042%	$410K	$63K	10x	as long as short
Bitget KITEUSDTshort	+0.0100%	4h	0.1202	−0.050%	$2.6M	$507K	10x
BingX KITE-USDT	+0.0100%	4h	0.1202	+0.008%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1201	−0.080%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1202	−0.075%	$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	0.1202	+0.002%	$17K	$87K	10x	as long as short
Aster KITEUSDT	+0.0411%	4h	0.1203	+0.058%	$8.3M	$96K	5x	as long as short
Gate KITE_USDT	+0.0460%	4h	0.1203	+0.083%	$557K	$246K	25x	as long as short