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

KITE

all KITE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.16 per $10,000 · paid last 24h −0.006%
Price spread now: OKX against BloFin+0.050%7-day average −0.180% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$920.923% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.039%−$4 on $10k
Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.050%, 7d avg −0.180%
Together, before fees−0.171%−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.230% dearer against BloFin than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.180%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin KITE-USDT0.11890.0067pay 0.0034% / 4h3h 30m$821K$62K10x
ShortOKX KITE-USDT-SWAP0.11900.0100get 0.0050% / 4h3h 30m$996K$317K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against BloFin. 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
$6.85
Price spread: +0.050% → −0.180%
$23.03
Slippage, 4 orders
−$70.31
Fee BloFin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$62.43
Costs to cover
0.923%
Break-even
70.8 days
Slippage from BloFin: live order book, 16 min ago; OKX: live order book, 16 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 BloFin live order book, 16 min ago0.42 bp13.5 bp −$1340.1 bp −$401doesn't fitdoesn't fit
Sell OKX live order book, 16 min ago7.21 bp32.6 bp −$33doesn't fitdoesn't fitdoesn't fit

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-USDTlong+0.0067%4h0.1189long leg$821K$62K10x
Binance KITEUSDT+0.0100%4h0.1191+0.126%$19.9M$5.8M10xas long as short
Bybit KITEUSDT+0.0100%4h0.1191+0.118%$1.1M$2.4M25xas long as short
OKX KITE-USDT-SWAPshort+0.0100%4h0.1190+0.050%$996K$317K10x
MEXC KITE_USDT+0.0100%4h0.1191+0.109%$741K$257K50xas long as short
KuCoin KITEUSDTM+0.0100%4h0.1190+0.025%$409K$56K10xas long as short
Bitget KITEUSDT+0.0100%4h0.1190+0.050%$2.6M$401K10xas long as short
BingX KITE-USDT+0.0100%4h0.1191+0.092%$6.5Mas long as short
Variational Omni KITE+0.0100%4h0.1187−0.234%$9K$12Kas long as short
SunX KITE-USDT+0.0100%4h0.1189−0.017%$1K$1.2M20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended KITE-USD+0.0104%1h0.1191+0.102%$16K$150K10xas long as short
Aster KITEUSDT+0.0268%4h0.1189−0.050%$8.2M$107K5xas long as short
Gate KITE_USDT+0.0384%4h0.1190+0.059%$536K$223K25xas long as short