Funding you earn now, next payment 04:00 UTC−0.0081%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.018%
Price spread now: OKX against Bybit−0.168%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1731.727% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 7 days+0.062%+$6 · spread now −0.168%, 7d avg −0.119%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.049% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.119%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KITEUSDT | 0.1194 | 0.0181 | pay 0.0090% / 4h | 48m 26s | $1.1M | $2.8M | 25x |
| Short | OKX KITE-USDT-SWAP | 0.1192 | 0.0100 | get 0.0050% / 4h | 48m 26s | $1.0M | $321K | 10x |
Bybit KITEUSDT
OKX KITE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$16.91
- Price spread: −0.168% → −0.119%
- −$4.88
- Slippage, 4 orders
- −$151.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$194.5
- Costs to cover
- 1.727%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 3 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, 4 min ago | 5.42 bp | 49.0 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.75 bp | 28.7 bp −$29 | doesn't fit | 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 | +0.0051% | 4h | 0.1196 | +0.193% | $832K | $49K | 10x | as long as short |
| Binance KITEUSDT | +0.0100% | 4h | 0.1195 | +0.066% | $19.9M | $6.0M | 10x | as long as short |
| OKX KITE-USDT-SWAPshort | +0.0100% | 4h | 0.1192 | −0.168% | $1.0M | $321K | 10x | |
| MEXC KITE_USDT | +0.0100% | 4h | 0.1195 | +0.075% | $722K | $292K | 50x | as long as short |
| KuCoin KITEUSDTM | +0.0100% | 4h | 0.1196 | +0.184% | $407K | $61K | 10x | as long as short |
| Bitget KITEUSDT | +0.0100% | 4h | 0.1196 | +0.134% | $2.6M | $495K | 10x | as long as short |
| Variational Omni KITE | +0.0100% | 4h | 0.1200 | +0.502% | $10K | $13K | — | as long as short |
| SunX KITE-USDT | +0.0100% | 4h | 0.1193 | −0.050% | $2K | $1.3M | 20x | as long as short |
| Extended KITE-USD | +0.0104% | 1h | 0.1194 | +0.040% | $16K | $89K | 10x | as long as short |
| Bybit KITEUSDTlong | +0.0181% | 4h | 0.1194 | long leg | $1.1M | $2.8M | 25x |
BloFin KITE-USDT
Binance KITEUSDT
MEXC KITE_USDT
KuCoin KITEUSDTM
Bitget KITEUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX KITE-USDT | +0.0230% | 4h | 0.1194 | 0.000% | — | $6.5M | — | as long as short |
| Aster KITEUSDT | +0.0383% | 4h | 0.1196 | +0.168% | $8.3M | $95K | 5x | as long as short |
| Gate KITE_USDT | +0.0446% | 4h | 0.1196 | +0.193% | $554K | $245K | 25x | as long as short |
BingX KITE-USDT
Aster KITEUSDT
Gate KITE_USDT