Funding arb · Price arb /

KITE

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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: MEXC against Bybit+0.093%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1091.085% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.255%−$25 · spread now +0.093%, 7d avg +0.025%

Together, before fees−0.245%−$25 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: MEXC is 0.068% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KITEUSDT	0.1181	0.0100	pay 0.0050% / 4h	2h 31m	$1.1M	$2.6M	25x
Short	MEXC KITE_USDT	0.1182	0.0100	get 0.0050% / 4h	2h 31m	$732K	$254K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → +0.025%: $6.82
Slippage, 4 orders: −$89.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$101.69
Costs to cover: 1.085%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 53 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	2.96 bp	46.5 bp −$47	718.8 bp −$7,188	doesn't fit	doesn't fit
Sell MEXC live order book, 53 min ago	0.85 bp	9.4 bp −$9	55.0 bp −$550	249.9 bp −$25.0K	816.7 bp −$408.4K

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	+0.0059%	4h	0.1183	+0.135%	$821K	$58K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1182	+0.095%	$19.7M	$5.9M	10x	as long as short
Bybit KITEUSDTlong	+0.0100%	4h	0.1181	long leg	$1.1M	$2.6M	25x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1181	−0.059%	$988K	$308K	10x	as long as short
MEXC KITE_USDTshort	+0.0100%	4h	0.1182	+0.093%	$732K	$254K	50x
KuCoin KITEUSDTM	+0.0100%	4h	0.1182	+0.093%	$407K	$56K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1183	+0.161%	$2.6M	$388K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1181	−0.012%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1182	+0.042%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1183	+0.120%	$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
BingX KITE-USDT	+0.0112%	4h	0.1182	+0.102%	—	$6.5M	—	as long as short
Aster KITEUSDT	+0.0284%	4h	0.1183	+0.152%	$8.2M	$112K	5x	as long as short
Gate KITE_USDT	+0.0318%	4h	0.1183	+0.127%	$532K	$227K	25x	as long as short