Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Bybit against Binance−0.047%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1151.155% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.103%+$10 · spread now −0.047%, 7d avg +0.001%

Together, before fees+0.094%+$9 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 0.047% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KITEUSDT	0.1179	0.0100	pay 0.0050% / 4h	6m 22s	$19.7M	$5.8M	10x
Short	Bybit KITEUSDT	0.1179	0.0100	get 0.0050% / 4h	6m 22s	$1.1M	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.001%: −$4.73
Slippage, 4 orders: −$94.46
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$120.19
Costs to cover: 1.155%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 5 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 Binance live order book, 9 min ago	0.42 bp	17.5 bp −$18	71.2 bp −$712	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.42 bp	35.0 bp −$35	539.3 bp −$5,393	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 KITEUSDTlong	+0.0100%	4h	0.1179	long leg	$19.7M	$5.8M	10x
Bybit KITEUSDTshort	+0.0100%	4h	0.1179	−0.047%	$1.1M	$2.4M	25x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1177	−0.199%	$986K	$317K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1179	−0.013%	$734K	$259K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1179	−0.038%	$405K	$57K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1179	−0.047%	$2.6M	$397K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1178	−0.081%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1178	−0.107%	$9K	$12K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1178	−0.081%	$2K	$1.2M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1179	−0.014%	$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	+0.0118%	4h	0.1180	+0.080%	$827K	$64K	10x	as long as short
Gate KITE_USDT	+0.0196%	4h	0.1180	+0.080%	$531K	$232K	25x	as long as short
Aster KITEUSDT	+0.0247%	4h	0.1180	+0.080%	$8.2M	$103K	5x	as long as short