Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.008%

Price spread now: Bybit against Extended−0.048%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1401.402% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.048%, 7d avg −0.007%

Together, before fees+0.093%+ Points / potential airdropExtended: Active · farm board+$9 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: Bybit is 0.040% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.007%.

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	57m 45s	$16K	$150K	10x
Short	Bybit KITEUSDT	0.1182	0.0100	get 0.0050% / 4h	2h 57m	$1.1M	$2.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$0.84
Price spread: −0.048% → −0.007%: −$4.05
Slippage, 4 orders: −$124.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$145.08
Costs to cover: 1.402%
Break-even: never at this rate

Slippage from Extended: live order book, 28 min ago; Bybit: 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, 28 min ago	3.38 bp	34.1 bp −$34	230.8 bp −$2,308	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.69 bp	36.9 bp −$37	589.6 bp −$5,896	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	+0.0052%	4h	0.1184	+0.104%	$820K	$61K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1183	−0.006%	$19.8M	$5.9M	10x	as long as short
Bybit KITEUSDTshort	+0.0100%	4h	0.1182	−0.048%	$1.1M	$2.5M	25x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1181	−0.158%	$988K	$313K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1183	+0.003%	$732K	$252K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1183	+0.062%	$407K	$57K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1184	+0.113%	$2.6M	$393K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1182	−0.031%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1185	+0.207%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1183	+0.020%	$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	0.1183	long leg	$16K	$150K	10x
Aster KITEUSDT	+0.0266%	4h	0.1183	+0.062%	$8.2M	$111K	5x	as long as short
Gate KITE_USDT	+0.0274%	4h	0.1184	+0.087%	$533K	$227K	25x	as long as short