Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.004%

Price spread now: BloFin against Extended+0.038%94s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1061.058% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 3 days (all we have)−0.004%$0 · spread now +0.038%, 7d avg +0.047%

Together, before fees−0.015%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KITE-USD	0.1183	0.0104	pay 0.0013% / 1h	33m 30s	$16K	$150K	10x
Short	BloFin KITE-USDT	0.1183	0.0092	get 0.0046% / 4h	2h 33m	$822K	$59K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$2.43
Price spread: +0.038% → +0.047%: −$0.91
Slippage, 4 orders: −$88.79
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$109.13
Costs to cover: 1.058%
Break-even: never at this rate

Slippage from Extended: live order book, 52 min ago; BloFin: 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 Extended live order book, 52 min ago	3.38 bp	34.1 bp −$34	230.8 bp −$2,308	doesn't fit	doesn't fit
Sell BloFin live order book, 53 min ago	1.26 bp	13.8 bp −$14	29.0 bp −$290	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-USDTshort	+0.0092%	4h	0.1183	+0.038%	$822K	$59K	10x
Bybit KITEUSDT	+0.0100%	4h	0.1181	−0.148%	$1.1M	$2.6M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1181	−0.190%	$988K	$308K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1183	−0.004%	$732K	$253K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1182	−0.047%	$407K	$56K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1184	+0.063%	$2.6M	$388K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1181	−0.143%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1182	−0.064%	$1K	$1.3M	20x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1183	−0.004%	$19.8M	$5.9M	10x	as long as short
Extended KITE-USDlong	+0.0104%	1h	0.1183	long leg	$16K	$150K	10x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KITE-USDT	+0.0118%	4h	0.1182	−0.030%	—	$6.5M	—	as long as short
Aster KITEUSDT	+0.0294%	4h	0.1183	+0.016%	$8.2M	$112K	5x	as long as short
Gate KITE_USDT	+0.0348%	4h	0.1183	−0.013%	$532K	$227K	25x	as long as short