Funding arb · Price arb /

KITE

all KITE markets

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: MEXC against OKX+0.262%7-day average +0.144% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$980.980% of the position

Long on OKX Short on MEXC

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)−0.214%−$21 · spread now +0.262%, 7d avg +0.144%

Together, before fees−0.175%−$17 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: MEXC is 0.118% dearer against OKX than usual: you sell high and buy low, +$12 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	OKX KITE-USDT-SWAP	0.1221	0.0100	pay 0.0050% / 4h	2h 16m	$1.1M	$428K	10x
Short	MEXC KITE_USDT	0.1225	0.0100	get 0.0050% / 4h	2h 16m	$890K	$263K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.262%Rate

Funding earned: $0
Price spread: +0.262% → +0.144%: $11.75
Slippage, 4 orders: −$80.02
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$86.27
Costs to cover: 0.980%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; MEXC: live order book, 24 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, 5 min ago	7.79 bp	37.4 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 24 min ago	1.65 bp	20.7 bp −$21	62.6 bp −$626	263.3 bp −$26.3K	725.8 bp −$362.9K

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	+0.0093%	4h	0.1221	−0.049%	$845K	$50K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1224	+0.237%	$20.5M	$6.5M	10x	as long as short
OKX KITE-USDT-SWAPlong	+0.0100%	4h	0.1221	long leg	$1.1M	$428K	10x
MEXC KITE_USDTshort	+0.0100%	4h	0.1225	+0.262%	$890K	$263K	50x
KuCoin KITEUSDTM	+0.0100%	4h	0.1224	+0.164%	$446K	$77K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1225	+0.278%	$2.7M	$763K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1220	−0.136%	$11K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1220	−0.098%	$1K	$1.4M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1225	+0.250%	$18K	$182K	10x	as long as short
Bybit KITEUSDT	+0.0413%	4h	0.1223	+0.156%	$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	0.1224	+0.180%	—	$6.5M	—	as long as short
Aster KITEUSDT	+0.0457%	4h	0.1224	+0.213%	$8.5M	$114K	5x	as long as short
Gate KITE_USDT	+0.0482%	4h	0.1224	+0.180%	$568K	$246K	25x	as long as short