Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%

Price spread now: BingX against Extended+0.013%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1181.183% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.329%−$33 · spread now +0.013%, 7d avg −0.026%

Together, before fees−0.328%+ Points / potential airdropExtended: Active · farm board−$33 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: BingX is 0.038% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KITE-USD	0.1185	0.0104	pay 0.0013% / 1h	52m 33s	$16K	$150K	10x
Short	BingX KITE-USDT	0.1185	0.0100	get 0.0050% / 4h	2h 52m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$0.84
Price spread: +0.013% → −0.026%: $3.84
Slippage, 4 orders: −$103.3
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$115.3
Costs to cover: 1.183%
Break-even: never at this rate

Slippage from Extended: live order book, 33 min ago; BingX: live order book, 13 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, 33 min ago	3.38 bp	34.1 bp −$34	230.8 bp −$2,308	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	5.49 bp	26.8 bp −$27	59.6 bp −$596	370.3 bp −$37.0K	836.3 bp −$418.2K

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	+0.0065%	4h	0.1183	−0.182%	$821K	$61K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1185	+0.041%	$19.8M	$5.9M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1184	−0.080%	$1.1M	$2.5M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1183	−0.165%	$990K	$309K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1185	−0.021%	$733K	$252K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1184	−0.046%	$407K	$56K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1185	−0.004%	$2.6M	$387K	10x	as long as short
BingX KITE-USDTshort	+0.0100%	4h	0.1185	+0.013%	—	$6.5M	—
Variational Omni KITE	+0.0100%	4h	0.1182	−0.216%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1184	−0.080%	$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-USDlong	+0.0104%	1h	0.1185	long leg	$16K	$150K	10x
Aster KITEUSDT	+0.0278%	4h	0.1184	−0.055%	$8.2M	$111K	5x	as long as short
Gate KITE_USDT	+0.0336%	4h	0.1185	−0.021%	$533K	$227K	25x	as long as short