Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h +0.063%

Price spread now: Aster against Extended+0.055%7-day average +0.126% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1131.132% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.360%+$36 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.055%, 7d avg +0.126%

Together, before fees+0.419%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.070% cheaper against Extended than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.126%). If the spread goes back, that is −$7 on $10k: about 35 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KITE-USD	0.1184	0.0104	pay 0.0013% / 1h	13m 32s	$16K	$150K	10x
Short	Aster KITEUSDT	0.1185	0.0264	get 0.0132% / 4h	2h 13m	$8.2M	$112K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.055%Rate

Funding earned: $33.6
Price spread: +0.055% → +0.126%: −$7.04
Slippage, 4 orders: −$100.22
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$86.67
Costs to cover: 1.132%
Break-even: 25.1 days

Slippage from Extended: live order book, 7 min ago; Aster: live order book, 5 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 Extended live order book, 7 min ago	2.95 bp	37.1 bp −$37	239.3 bp −$2,393	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	4.21 bp	14.3 bp −$14	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	+0.0043%	4h	0.1186	+0.155%	$818K	$58K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1184	+0.018%	$19.8M	$5.9M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1183	−0.056%	$1.2M	$2.6M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1182	−0.183%	$990K	$305K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1184	+0.012%	$733K	$255K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1185	+0.096%	$407K	$56K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1185	+0.088%	$2.6M	$387K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1183	−0.048%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1184	+0.037%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1184	−0.031%	$1K	$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-USDlong	+0.0104%	1h	0.1184	long leg	$16K	$150K	10x
Aster KITEUSDTshort	+0.0264%	4h	0.1185	+0.055%	$8.2M	$112K	5x
Gate KITE_USDT	+0.0278%	4h	0.1185	+0.079%	$534K	$228K	25x	as long as short