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 −0.010%

Price spread now: Bitget against MEXC+0.110%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$690.686% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.110%, 7d avg +0.036%

Together, before fees−0.065%−$7 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: Bitget is 0.074% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KITE_USDT	0.1186	0.0100	pay 0.0050% / 4h	1h 53m	$734K	$247K	50x
Short	Bitget KITEUSDT	0.1187	0.0100	get 0.0050% / 4h	1h 53m	$2.6M	$387K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → +0.036%: $7.4
Slippage, 4 orders: −$48.62
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$61.22
Costs to cover: 0.686%
Break-even: never at this rate

Slippage from MEXC: live order book, 22 min ago; Bitget: live order book, 4 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 MEXC live order book, 22 min ago	1.27 bp	15.2 bp −$15	65.6 bp −$656	243.5 bp −$24.3K	649.0 bp −$324.5K
Sell Bitget live order book, 4 min ago	7.58 bp	27.4 bp −$27	68.4 bp −$684	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	0.1186	+0.010%	$19.8M	$5.8M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1186	−0.017%	$1.1M	$2.5M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1185	−0.084%	$992K	$302K	10x	as long as short
MEXC KITE_USDTlong	+0.0100%	4h	0.1186	long leg	$734K	$247K	50x
KuCoin KITEUSDTM	+0.0100%	4h	0.1186	+0.017%	$408K	$56K	10x	as long as short
Bitget KITEUSDTshort	+0.0100%	4h	0.1187	+0.110%	$2.6M	$387K	10x
BingX KITE-USDT	+0.0100%	4h	0.1186	−0.034%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1187	+0.067%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1189	+0.211%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1186	−0.007%	$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	+0.0122%	4h	0.1188	+0.118%	$822K	$58K	10x	as long as short
Aster KITEUSDT	+0.0198%	4h	0.1188	+0.116%	$8.2M	$109K	5x	as long as short
Gate KITE_USDT	+0.0200%	4h	0.1186	−0.042%	$534K	$224K	25x	as long as short