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 0.000%

Price spread now: Bitget against Variational Omni+0.174%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.174% dearer against Variational Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni KITE	0.1250	0.0100	pay 0.0050% / 4h	24m 25s	$11K	$10K	—
Short	Bitget KITEUSDT	0.1252	0.0100	get 0.0050% / 4h	24m 25s	$2.7M	$883K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.174%Rate

Funding earned: $0
Price spread: +0.174% → 0.000%: $17.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: $5.45
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	6.38 bp	20.2 bp −$20	59.7 bp −$597	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1252	+0.122%	$21.1M	$7.4M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1251	+0.086%	$1.3M	$3.4M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1249	−0.097%	$1.1M	$611K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1252	+0.118%	$929K	$276K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1251	+0.086%	$415K	$103K	10x	as long as short
Bitget KITEUSDTshort	+0.0100%	4h	0.1252	+0.174%	$2.7M	$883K	10x
BingX KITE-USDT	+0.0100%	4h	0.1251	+0.102%	—	$6.6M	—	as long as short
Variational Omni KITElong	+0.0100%	4h	0.1250	long leg	$11K	$10K	—
SunX KITE-USDT	+0.0100%	4h	0.1251	+0.054%	$1K	$1.6M	20x	as long as short
BloFin KITE-USDT	+0.0103%	4h	0.1253	+0.246%	$880K	$52K	10x	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	0.1251	+0.095%	$20K	$186K	10x	as long as short
Aster KITEUSDT	+0.0390%	4h	0.1252	+0.163%	$8.7M	$127K	5x	as long as short
Gate KITE_USDT	+0.0422%	4h	0.1252	+0.174%	$579K	$278K	25x	as long as short