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 −0.017%

Price spread now: Variational Omni against BingX+0.117%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

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: Variational Omni is 0.117% dearer against BingX than usual: you sell high and buy low, +$12 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	BingX KITE-USDT	0.1250	0.0100	pay 0.0050% / 4h	39m 21s	—	$6.6M	—
Short	Variational Omni KITE	0.1251	0.0100	get 0.0050% / 4h	39m 21s	$11K	$10K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → 0.000%: $11.65
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.65
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 12 min ago; Variational Omni: no order-book sample. 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 BingX live order book, 12 min ago	5.16 bp	20.4 bp −$20	67.0 bp −$670	535.3 bp −$53.5K	907.3 bp −$453.6K
Sell Variational Omni no order-book sample	—	—	—	—	—

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
BloFin KITE-USDT	+0.0045%	4h	0.1253	+0.264%	$880K	$52K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1251	+0.103%	$21.1M	$7.3M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1250	0.000%	$1.4M	$3.3M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1249	−0.064%	$1.1M	$599K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1252	+0.152%	$929K	$275K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1250	+0.024%	$416K	$102K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1251	+0.112%	$2.7M	$872K	10x	as long as short
BingX KITE-USDTlong	+0.0100%	4h	0.1250	long leg	—	$6.6M	—
Variational Omni KITEshort	+0.0100%	4h	0.1251	+0.117%	$11K	$10K	—
SunX KITE-USDT	+0.0100%	4h	0.1249	−0.056%	$2K	$1.5M	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	0.1250	+0.022%	$20K	$181K	10x	as long as short
Aster KITEUSDT	+0.0360%	4h	0.1251	+0.089%	$8.7M	$124K	5x	as long as short
Gate KITE_USDT	+0.0382%	4h	0.1251	+0.136%	$579K	$273K	25x	as long as short