Settings8H · net · $10k
Funding arb · Price arb /

KITE

all KITE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.1% APRnext payment +$0.10 per $10,000 · paid last 24h +0.011%
Price spread now: BloFin against KuCoin+0.154%65s7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,425as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1,42614.259% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.154%, 7d avg +0.083%
Together, before fees−0.156%−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.071% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.083%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin KITEUSDTM0.12310.0100pay 0.0050% / 4h3h 30m$422K$65K10x
ShortBloFin KITE-USDT0.12330.0120get 0.0060% / 4h3h 30m$853K$51K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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

Funding earned
$4.11
Price spread: +0.154% → +0.083%
$7.13
Slippage, 4 orders
−$1,401.86
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$1,414.63
Costs to cover
14.259%
Break-even
2418.2 days
Slippage from KuCoin: live order book, 43 min ago; BloFin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 43 min ago17.78 bp877.1 bp −$877doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago1.62 bp30.7 bp −$3160.8 bp −$608doesn't fitdoesn't fit

KITE on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance KITEUSDT+0.0100%4h0.1232+0.049%$20.6M$6.3M10xas long as short
OKX KITE-USDT-SWAP+0.0100%4h0.1230−0.130%$1.1M$387K10xas long as short
MEXC KITE_USDT+0.0100%4h0.1232+0.097%$744K$246K50xas long as short
KuCoin KITEUSDTMlong+0.0100%4h0.1231long leg$422K$65K10x
Bitget KITEUSDT+0.0100%4h0.1234+0.187%$2.8M$599K10xas long as short
Variational Omni KITE+0.0100%4h0.1234+0.202%$11K$13Kas long as short
SunX KITE-USDT+0.0100%4h0.1232+0.024%$2K$1.4M20xas long as short
Extended KITE-USD+0.0104%1h0.1232+0.068%$18K$79K10xas long as short
BloFin KITE-USDTshort+0.0120%4h0.1233+0.154%$853K$51K10x
Aster KITEUSDT+0.0459%4h0.1232+0.065%$8.5M$96K5xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate KITE_USDT+0.0756%4h0.1233+0.122%$569K$245K25xas long as short
BingX KITE-USDT+0.0778%4h0.1232+0.081%$6.5Mas long as short
Bybit KITEUSDT+0.0949%4h0.1232+0.032%$1.3M$2.9M25xas long as short