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 −0.010%

Price spread now: Bitget against Extended+0.093%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1401.395% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.093%, 7d avg +0.052%

Together, before fees−0.223%+ Points / potential airdropExtended: Active · farm board−$22 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: Bitget is 0.041% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.052%.

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	12m 52s	$16K	$150K	10x
Short	Bitget KITEUSDT	0.1185	0.0100	get 0.0050% / 4h	2h 12m	$2.6M	$387K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$0.84
Price spread: +0.093% → +0.052%: $4.1
Slippage, 4 orders: −$122.53
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$136.28
Costs to cover: 1.395%
Break-even: never at this rate

Slippage from Extended: live order book, 8 min ago; Bitget: live order book, 4 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, 8 min ago	2.95 bp	37.1 bp −$37	239.3 bp −$2,393	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	6.72 bp	23.2 bp −$23	60.8 bp −$608	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	0.1183	−0.064%	$19.8M	$5.9M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1182	−0.110%	$1.2M	$2.6M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1182	−0.169%	$990K	$305K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1184	0.000%	$733K	$255K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1185	+0.110%	$407K	$56K	10x	as long as short
Bitget KITEUSDTshort	+0.0100%	4h	0.1185	+0.093%	$2.6M	$387K	10x
BingX KITE-USDT	+0.0100%	4h	0.1183	−0.068%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1184	+0.050%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1183	−0.042%	$1K	$1.3M	20x	as long as short
Extended KITE-USDlong	+0.0104%	1h	0.1184	long leg	$16K	$150K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KITE-USDT	+0.0157%	4h	0.1185	+0.068%	$822K	$58K	10x	as long as short
Aster KITEUSDT	+0.0264%	4h	0.1184	+0.048%	$8.2M	$110K	5x	as long as short
Gate KITE_USDT	+0.0278%	4h	0.1185	+0.093%	$534K	$228K	25x	as long as short