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 +0.018%

Price spread now: Bybit against OKX+0.194%7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1021.022% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.194%, 7d avg +0.124%

Together, before fees−0.079%−$8 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: Bybit is 0.070% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.124%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KITE-USDT-SWAP	0.1184	0.0100	pay 0.0050% / 4h	2h 48m	$991K	$310K	10x
Short	Bybit KITEUSDT	0.1186	0.0100	get 0.0050% / 4h	2h 48m	$1.1M	$2.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.194%Rate

Funding earned: $0
Price spread: +0.194% → +0.124%: $7.04
Slippage, 4 orders: −$81.22
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$95.18
Costs to cover: 1.022%
Break-even: never at this rate

Slippage from OKX: live order book, 37 min ago; Bybit: live order book, 3 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 OKX live order book, 37 min ago	4.22 bp	31.0 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.42 bp	6.8 bp −$7	475.6 bp −$4,756	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	+0.0084%	4h	0.1185	+0.127%	$821K	$61K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1187	+0.273%	$19.8M	$5.9M	10x	as long as short
Bybit KITEUSDTshort	+0.0100%	4h	0.1186	+0.194%	$1.1M	$2.6M	25x
OKX KITE-USDT-SWAPlong	+0.0100%	4h	0.1184	long leg	$991K	$310K	10x
MEXC KITE_USDT	+0.0100%	4h	0.1186	+0.203%	$734K	$252K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1186	+0.186%	$408K	$56K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1187	+0.313%	$2.6M	$388K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1186	+0.228%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1185	+0.144%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1185	+0.093%	$2K	$1.3M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KITE-USD	+0.0104%	1h	0.1186	+0.227%	$16K	$150K	10x	as long as short
Aster KITEUSDT	+0.0305%	4h	0.1186	+0.205%	$8.2M	$112K	5x	as long as short
Gate KITE_USDT	+0.0430%	4h	0.1185	+0.127%	$533K	$227K	25x	as long as short