Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: OKX against MEXC+0.131%7-day average −0.144% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$970.971% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.131%, 7d avg −0.144%

Together, before fees−0.218%−$22 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 0.275% dearer against MEXC than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KITE_USDT	0.1225	0.0100	pay 0.0050% / 4h	2h 14m	$890K	$263K	50x
Short	OKX KITE-USDT-SWAP	0.1227	0.0100	get 0.0050% / 4h	2h 14m	$1.1M	$433K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.131%Rate

Funding earned: $0
Price spread: +0.131% → −0.144%: $27.51
Slippage, 4 orders: −$79.11
Fee MEXC: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$69.61
Costs to cover: 0.971%
Break-even: never at this rate

Slippage from MEXC: live order book, 26 min ago; OKX: 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 MEXC live order book, 26 min ago	1.65 bp	9.1 bp −$9	34.1 bp −$341	240.5 bp −$24.0K	582.2 bp −$291.1K
Sell OKX live order book, 2 min ago	6.55 bp	30.0 bp −$30	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
BloFin KITE-USDT	+0.0048%	4h	0.1225	0.000%	$848K	$50K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1226	+0.049%	$20.5M	$6.5M	10x	as long as short
OKX KITE-USDT-SWAPshort	+0.0100%	4h	0.1227	+0.131%	$1.1M	$433K	10x
MEXC KITE_USDTlong	+0.0100%	4h	0.1225	long leg	$890K	$263K	50x
KuCoin KITEUSDTM	+0.0100%	4h	0.1225	−0.008%	$447K	$78K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1226	+0.041%	$2.7M	$764K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1224	−0.082%	$11K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1224	−0.049%	$2K	$1.4M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1225	+0.025%	$18K	$182K	10x	as long as short
Bybit KITEUSDT	+0.0437%	4h	0.1225	+0.008%	$1.2M	$2.9M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KITE-USDT	+0.0440%	4h	0.1226	+0.073%	—	$6.5M	—	as long as short
Aster KITEUSDT	+0.0455%	4h	0.1225	0.000%	$8.5M	$114K	5x	as long as short
Gate KITE_USDT	+0.0492%	4h	0.1226	+0.049%	$569K	$246K	25x	as long as short