Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.043%

Price spread now: Extended against Gate−0.061%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Extended is 0.061% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

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 -2.3% 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	Gate KITE_USDT	0.1198	0.0356	pay 0.0178% / 4h	1h 18m	$554K	$255K	25x
Short	Extended KITE-USD	0.1197	0.0104	get 0.0013% / 1h	18m 13s	$16K	$94K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$52.92
Price spread: −0.061% → 0.000%: −$6.14
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$79.06
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 43 min ago; Extended: no order-book sample. 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 Gate live order book, 43 min ago	10.38 bp	124.6 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

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 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
KuCoin KITEUSDTM	+0.0100%	4h	0.1197	−0.067%	$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	−0.134%	$1K	$1.3M	20x	as long as short
MEXC KITE_USDT	+0.0102%	4h	0.1197	−0.058%	$723K	$308K	50x	as long as short
Binance KITEUSDT	+0.0104%	4h	0.1197	−0.050%	$20.0M	$6.0M	10x	as long as short
Extended KITE-USDshort	+0.0104%	1h	0.1197	−0.061%	$16K	$94K	10x
BloFin KITE-USDT	+0.0157%	4h	0.1197	−0.058%	$835K	$50K	10x	as long as short
Gate KITE_USDTlong	+0.0356%	4h	0.1198	long leg	$554K	$255K	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KITEUSDT	+0.0418%	4h	0.1196	−0.146%	$8.3M	$98K	5x	as long as short
Bybit KITEUSDT	+0.0584%	4h	0.1196	−0.167%	$1.1M	$2.8M	25x	as long as short
BingX KITE-USDT	+0.0660%	4h	0.1196	−0.109%	—	$6.5M	—	as long as short