Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.010%

Price spread now: KuCoin against Extended+0.147%7-day average −0.043% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.147%, 7d avg −0.043%

Together, before fees−0.170%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.189% dearer against Extended than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of −0.043%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days. At the pace of the last 7 days (−0.020% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KITE-USD	0.1199	0.0128	pay 0.0016% / 1h	23m 22s	$16K	$90K	10x
Short	KuCoin KITEUSDTM	0.1201	0.0100	get 0.0050% / 4h	2h 23m	$413K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now +0.147%Rate

Funding earned: −$5.88
Price spread: +0.147% → −0.043%: $18.94
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3.94
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Extended: no order-book sample; KuCoin: live order book, 14 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 14 min ago	17.17 bp	484.8 bp −$485	doesn't fit	doesn't fit	doesn't fit

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

KITE on 12 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	0.1198	−0.103%	$1.0M	$324K	10x	as long as short
KuCoin KITEUSDTMshort	+0.0100%	4h	0.1201	+0.147%	$413K	$61K	10x
Bitget KITEUSDT	+0.0100%	4h	0.1198	−0.053%	$2.6M	$476K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1201	+0.168%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1198	−0.095%	$1K	$1.3M	20x	as long as short
MEXC KITE_USDT	+0.0120%	4h	0.1199	+0.022%	$746K	$309K	50x	as long as short
Binance KITEUSDT	+0.0124%	4h	0.1199	+0.026%	$20.0M	$5.9M	10x	as long as short
Extended KITE-USDlong	+0.0128%	1h	0.1199	long leg	$16K	$90K	10x
Gate KITE_USDT	+0.0290%	4h	0.1200	+0.105%	$540K	$241K	25x	as long as short
Aster KITEUSDT	+0.0544%	4h	0.1200	+0.072%	$8.3M	$99K	5x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KITE-USDT	+0.1296%	4h	0.1200	+0.047%	—	$6.5M	—	as long as short
Bybit KITEUSDT	+0.1483%	4h	0.1200	+0.097%	$1.3M	$2.6M	25x	as long as short