Funding you earn now, next payment 04:00 UTC+0.0312%/8h= +34.2% APRnext payment +$1.56 per $10,000 · paid last 24h −0.036%
Price spread now: BingX against Gate−0.109%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$307as in the Funding arb table
Net, price: spread back to 7d avg − costs−$305as in the Price arb table
costs, in and out, $10k−$3033.030% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.109%, 7d avg −0.085%
=Funding pays, the price is against you. BingX is 0.023% cheaper against Gate than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of −0.085%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.56 per $10,000. 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 | Gate KITE_USDT | 0.1198 | 0.0348 | pay 0.0174% / 4h | 1h 19m | $554K | $255K | 25x |
| Short | BingX KITE-USDT | 0.1196 | 0.0660 | get 0.0330% / 4h | 1h 19m | — | $6.5M | — |
Gate KITE_USDT
BingX KITE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $65.52
- Price spread: −0.109% → −0.085%
- −$2.32
- Slippage, 4 orders
- −$277.95
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$239.76
- Costs to cover
- 3.030%
- Break-even
- 32.6 days
Slippage from Gate: live order book, 42 min ago; BingX: live order book, 7 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 Gate live order book, 42 min ago | 10.38 bp | 124.6 bp −$125 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 5.87 bp | 20.9 bp −$21 | 46.4 bp −$464 | 298.0 bp −$29.8K | 1021.5 bp −$510.8K |
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 | 0.1195 | −0.242% | $1.0M | $315K | 10x | as long as short |
| MEXC KITE_USDT | +0.0100% | 4h | 0.1197 | −0.025% | $723K | $308K | 50x | as long as short |
| KuCoin KITEUSDTM | +0.0100% | 4h | 0.1197 | −0.058% | $407K | $61K | 10x | as long as short |
| Bitget KITEUSDT | +0.0100% | 4h | 0.1196 | −0.175% | $2.6M | $490K | 10x | as long as short |
| Variational Omni KITE | +0.0100% | 4h | 0.1196 | −0.123% | $10K | $13K | — | as long as short |
| SunX KITE-USDT | +0.0100% | 4h | 0.1196 | −0.125% | $1K | $1.3M | 20x | as long as short |
| Binance KITEUSDT | +0.0103% | 4h | 0.1197 | −0.017% | $20.0M | $6.0M | 10x | as long as short |
| Extended KITE-USD | +0.0104% | 1h | 0.1197 | −0.081% | $16K | $94K | 10x | as long as short |
| BloFin KITE-USDT | +0.0157% | 4h | 0.1197 | −0.058% | $835K | $50K | 10x | as long as short |
| Gate KITE_USDTlong | +0.0348% | 4h | 0.1198 | long leg | $554K | $255K | 25x |
OKX KITE-USDT-SWAP
MEXC KITE_USDT
KuCoin KITEUSDTM
Bitget KITEUSDT
Variational Omni KITE
SunX KITE-USDT
Binance KITEUSDT
Extended KITE-USD
BloFin KITE-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KITEUSDT | +0.0421% | 4h | 0.1196 | −0.154% | $8.3M | $98K | 5x | as long as short |
| Bybit KITEUSDT | +0.0604% | 4h | 0.1196 | −0.159% | $1.1M | $2.8M | 25x | as long as short |
| BingX KITE-USDTshort | +0.0660% | 4h | 0.1196 | −0.109% | — | $6.5M | — |
Aster KITEUSDT
Bybit KITEUSDT