Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h −0.012%
Price spread now: BloFin against Bybit+0.135%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1451.445% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.135%, 7d avg +0.055%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.080% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KITEUSDT | 0.1188 | 0.0100 | pay 0.0050% / 4h | 1h 37m | $1.1M | $2.5M | 25x |
| Short | BloFin KITE-USDT | 0.1190 | 0.0112 | get 0.0056% / 4h | 1h 37m | $818K | $58K | 10x |
Bybit KITEUSDT
BloFin KITE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $2.6
- Price spread: +0.135% → +0.055%
- $7.97
- Slippage, 4 orders
- −$121.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$133.96
- Costs to cover
- 1.445%
- Break-even
- 367.6 days
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 45 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, 5 min ago | 3.79 bp | 51.6 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 45 min ago | 1.68 bp | 18.4 bp −$18 | 39.1 bp −$391 | 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 | +0.043% | $19.8M | $5.8M | 10x | as long as short |
| Bybit KITEUSDTlong | +0.0100% | 4h | 0.1188 | long leg | $1.1M | $2.5M | 25x | |
| OKX KITE-USDT-SWAP | +0.0100% | 4h | 0.1186 | −0.185% | $993K | $302K | 10x | as long as short |
| MEXC KITE_USDT | +0.0100% | 4h | 0.1189 | +0.025% | $736K | $248K | 50x | as long as short |
| KuCoin KITEUSDTM | +0.0100% | 4h | 0.1189 | +0.059% | $409K | $56K | 10x | as long as short |
| Bitget KITEUSDT | +0.0100% | 4h | 0.1190 | +0.177% | $2.6M | $399K | 10x | as long as short |
| BingX KITE-USDT | +0.0100% | 4h | 0.1189 | +0.042% | — | $6.5M | — | as long as short |
| Variational Omni KITE | +0.0100% | 4h | 0.1187 | −0.117% | $10K | $13K | — | as long as short |
| SunX KITE-USDT | +0.0100% | 4h | 0.1188 | −0.017% | $2K | $1.3M | 20x | as long as short |
| Extended KITE-USD | +0.0104% | 1h | 0.1189 | +0.019% | $16K | $150K | 10x | as long as short |
Binance KITEUSDT
OKX KITE-USDT-SWAP
MEXC KITE_USDT
KuCoin KITEUSDTM
Bitget KITEUSDT
BingX KITE-USDT
Variational Omni KITE
SunX KITE-USDT
Extended KITE-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin KITE-USDTshort | +0.0112% | 4h | 0.1190 | +0.135% | $818K | $58K | 10x | |
| Aster KITEUSDT | +0.0235% | 4h | 0.1190 | +0.181% | $8.2M | $109K | 5x | as long as short |
| Gate KITE_USDT | +0.0296% | 4h | 0.1190 | +0.168% | $537K | $225K | 25x | as long as short |
Aster KITEUSDT
Gate KITE_USDT