KITE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0622%/8h= −68.1% APRnext payment −$3.11 per $10,000 · paid last 24h −0.008%

Price spread now: Binance against Bybit+0.060%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1671.667% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days−0.028%−$3 · spread now +0.060%, 7d avg +0.002%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.058% dearer against Bybit than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of +0.002%): +$6 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 7 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KITEUSDT	0.1224	0.0722	pay 0.0361% / 4h	3h 27m	$1.2M	$2.9M	25x
Short	Binance KITEUSDT	0.1225	0.0100	get 0.0050% / 4h	3h 27m	$20.5M	$6.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.060%Rate

Funding earned: −$130.52
Price spread: +0.060% → +0.002%: $5.82
Slippage, 4 orders: −$145.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$291.45
Costs to cover: 1.667%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 14 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 Bybit live order book, 5 min ago	4.46 bp	63.1 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.23 bp	26.1 bp −$26	83.2 bp −$832	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
BloFin KITE-USDT	+0.0097%	4h	0.1230	+0.474%	$847K	$50K	10x	as long as short
Binance KITEUSDTshort	+0.0100%	4h	0.1225	+0.060%	$20.5M	$6.3M	10x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1223	−0.090%	$1.1M	$385K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1225	+0.082%	$738K	$247K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1225	+0.057%	$420K	$65K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1224	−0.008%	$2.7M	$617K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1234	+0.791%	$11K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1226	+0.123%	$2K	$1.4M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1225	+0.114%	$18K	$79K	10x	as long as short
Aster KITEUSDT	+0.0436%	4h	0.1225	+0.106%	$8.5M	$96K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KITE_USDT	+0.0564%	4h	0.1224	+0.025%	$567K	$246K	25x	as long as short
Bybit KITEUSDTlong	+0.0722%	4h	0.1224	long leg	$1.2M	$2.9M	25x
BingX KITE-USDT	+0.0778%	4h	0.1225	+0.033%	—	$6.5M	—	as long as short