KITE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0884%/8h= +96.8% APRnext payment +$4.42 per $10,000 · paid last 24h +0.018%

Price spread now: Bybit against KuCoin−0.074%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,578as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,589as in the Price arb table

costs, in and out, $10k−$1,57815.780% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.074%, 7d avg +0.035%

Together, before fees+0.110%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.108% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of +0.035%). If the spread goes back, that is −$11 on $10k: about 10 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.004% in total) that is about 6 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.42 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	KuCoin KITEUSDTM	0.1223	0.0100	pay 0.0050% / 4h	3h 10m	$419K	$66K	10x
Short	Bybit KITEUSDT	0.1222	0.0984	get 0.0492% / 4h	3h 10m	$1.2M	$2.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now −0.074%Rate

Funding earned: $185.65
Price spread: −0.074% → +0.035%: −$10.82
Slippage, 4 orders: −$1,554.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,403.12
Costs to cover: 15.780%
Break-even: 59.9 days

Slippage from KuCoin: live order book, 63 min ago; Bybit: live order book, 2 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 KuCoin live order book, 63 min ago	17.78 bp	877.1 bp −$877	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	5.32 bp	86.0 bp −$86	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
Binance KITEUSDT	+0.0100%	4h	0.1222	−0.088%	$20.4M	$6.4M	10x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1221	−0.172%	$1.1M	$394K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1222	−0.090%	$734K	$248K	50x	as long as short
KuCoin KITEUSDTMlong	+0.0100%	4h	0.1223	long leg	$419K	$66K	10x
Bitget KITEUSDT	+0.0100%	4h	0.1223	−0.016%	$2.7M	$637K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1222	−0.113%	$11K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1220	−0.253%	$2K	$1.4M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1221	−0.143%	$17K	$184K	10x	as long as short
BloFin KITE-USDT	+0.0115%	4h	0.1221	−0.147%	$848K	$50K	10x	as long as short
Aster KITEUSDT	+0.0460%	4h	0.1223	−0.016%	$8.5M	$106K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KITE_USDT	+0.0724%	4h	0.1223	−0.008%	$568K	$247K	25x	as long as short
BingX KITE-USDT	+0.0904%	4h	0.1221	−0.131%	—	$6.5M	—	as long as short
Bybit KITEUSDTshort	+0.0984%	4h	0.1222	−0.074%	$1.2M	$2.9M	25x