Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.044%

Price spread now: Gate against Extended+0.016%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2162.160% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.016%, 7d avg +0.062%

Together, before fees+0.063%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.046% cheaper against Extended than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.062%). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.044% in total) that is about 7.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KITE-USD	0.1189	0.0112	pay 0.0014% / 1h	55m 42s	$16K	$95K	10x
Short	Gate KITE_USDT	0.1189	0.0336	get 0.0168% / 4h	2h 55m	$536K	$228K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.016%Rate

Funding earned: $47.04
Price spread: +0.016% → +0.062%: −$4.61
Slippage, 4 orders: −$196.05
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$173.62
Costs to cover: 2.160%
Break-even: 32.8 days

Slippage from Extended: live order book, 75 min ago; Gate: live order book, 10 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, 75 min ago	4.20 bp	29.4 bp −$29	218.2 bp −$2,182	doesn't fit	doesn't fit
Sell Gate live order book, 10 min ago	9.91 bp	88.9 bp −$89	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
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1186	−0.237%	$1.0M	$327K	10x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1188	−0.051%	$406K	$61K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1189	−0.001%	$2.6M	$454K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1191	+0.169%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1190	+0.108%	$1K	$1.3M	20x	as long as short
MEXC KITE_USDT	+0.0108%	4h	0.1189	−0.009%	$743K	$306K	50x	as long as short
Binance KITEUSDT	+0.0109%	4h	0.1188	−0.055%	$19.8M	$5.9M	10x	as long as short
Extended KITE-USDlong	+0.0112%	1h	0.1189	long leg	$16K	$95K	10x
BloFin KITE-USDT	+0.0131%	4h	0.1197	+0.672%	$836K	$56K	10x	as long as short
Gate KITE_USDTshort	+0.0336%	4h	0.1189	+0.016%	$536K	$228K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KITEUSDT	+0.0528%	4h	0.1189	−0.017%	$8.2M	$104K	5x	as long as short
BingX KITE-USDT	+0.0840%	4h	0.1189	−0.009%	—	$6.5M	—	as long as short
Bybit KITEUSDT	+0.0846%	4h	0.1188	−0.094%	$1.2M	$2.6M	25x	as long as short