Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.152%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,387as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,391as in the Price arb table

costs, in and out, $10k−$1,38413.843% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.152%, 7d avg −0.087%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.065% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KITEUSDTM	0.1184	0.0100	pay 0.0050% / 4h	2h 11m	$407K	$56K	10x
Short	OKX KITE-USDT-SWAP	0.1182	0.0100	get 0.0050% / 4h	2h 11m	$990K	$305K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.152%Rate

Funding earned: $0
Price spread: −0.152% → −0.087%: −$6.54
Slippage, 4 orders: −$1,362.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,390.83
Costs to cover: 13.843%
Break-even: never at this rate

Slippage from KuCoin: live order book, 69 min ago; OKX: live order book, 10 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, 69 min ago	18.63 bp	861.9 bp −$862	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 10 min ago	2.53 bp	34.9 bp −$35	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	0.1183	−0.079%	$19.7M	$5.9M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1181	−0.237%	$1.2M	$2.6M	25x	as long as short
OKX KITE-USDT-SWAPshort	+0.0100%	4h	0.1182	−0.152%	$990K	$305K	10x
MEXC KITE_USDT	+0.0100%	4h	0.1183	−0.076%	$732K	$255K	50x	as long as short
KuCoin KITEUSDTMlong	+0.0100%	4h	0.1184	long leg	$407K	$56K	10x
Bitget KITEUSDT	+0.0100%	4h	0.1184	+0.017%	$2.6M	$387K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1182	−0.093%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1184	+0.067%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1182	−0.118%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1183	−0.083%	$16K	$150K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KITE-USDT	+0.0157%	4h	0.1185	+0.084%	$822K	$58K	10x	as long as short
Aster KITEUSDT	+0.0256%	4h	0.1183	−0.076%	$8.2M	$110K	5x	as long as short
Gate KITE_USDT	+0.0264%	4h	0.1183	−0.042%	$533K	$228K	25x	as long as short