Settings8H · net · $10k
Funding arb · Price arb /

KITE

all KITE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0846%/8h= +92.6% APRnext payment +$4.23 per $10,000 · paid last 24h +0.017%
Price spread now: BingX against Bitget−0.098%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$870.865% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 7 days+0.012%+$1 · spread now −0.098%, 7d avg −0.083%
Together, before fees+0.029%+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.083%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget KITEUSDT0.12270.0100pay 0.0050% / 4h3h 00m$2.7M$680K10x
ShortBingX KITE-USDT0.12250.0946get 0.0473% / 4h3h 00m$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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

Funding earned
$177.66
Price spread: −0.098% → −0.083%
−$1.51
Slippage, 4 orders
−$64.52
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
$89.63
Costs to cover
0.865%
Break-even
3.5 days
Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago5.72 bp13.8 bp −$1460.8 bp −$608doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago6.13 bp20.5 bp −$2156.9 bp −$569657.9 bp −$65.8K1166.9 bp −$583.5K

KITE on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin KITE-USDT+0.0080%4h0.1223−0.310%$847K$50K10xas long as short
Binance KITEUSDT+0.0100%4h0.1225−0.108%$20.4M$6.4M10xas long as short
OKX KITE-USDT-SWAP+0.0100%4h0.1224−0.188%$1.1M$400K10xas long as short
MEXC KITE_USDT+0.0100%4h0.1223−0.269%$735K$248K50xas long as short
KuCoin KITEUSDTM+0.0100%4h0.1225−0.171%$420K$66K10xas long as short
Bitget KITEUSDTlong+0.0100%4h0.1227long leg$2.7M$680K10x
Variational Omni KITE+0.0100%4h0.1224−0.234%$11K$13Kas long as short
SunX KITE-USDT+0.0100%4h0.1222−0.342%$2K$1.4M20xas long as short
Extended KITE-USD+0.0104%1h0.1225−0.134%$17K$184K10xas long as short
Aster KITEUSDT+0.0504%4h0.1226−0.039%$8.5M$108K5xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate KITE_USDT+0.0708%4h0.1226−0.073%$569K$248K25xas long as short
BingX KITE-USDTshort+0.0946%4h0.1225−0.098%$6.5M
Bybit KITEUSDT+0.0949%4h0.1226−0.065%$1.2M$2.9M25xas long as short