KITE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0701%/8h= −76.8% APRnext payment −$3.51 per $10,000 · paid last 24h −0.008%

Price spread now: MEXC against Bybit+0.159%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1151.153% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.500%−$50 · spread now +0.159%, 7d avg +0.022%

Together, before fees−0.491%−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.137% dearer against Bybit than usual: you sell high and buy low (spread +0.159% now, against its 7-day average of +0.022%): +$14 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 16 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 −$3.51 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	0.1194	0.0807	pay 0.0404% / 4h	1h 29m	$1.1M	$2.8M	25x
Short	MEXC KITE_USDT	0.1196	0.0106	get 0.0053% / 4h	1h 29m	$724K	$307K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.159%Rate

Funding earned: −$147.31
Price spread: +0.159% → +0.022%: $13.73
Slippage, 4 orders: −$96.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$248.93
Costs to cover: 1.153%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 26 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, 3 min ago	4.60 bp	59.2 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 26 min ago	1.66 bp	10.1 bp −$10	36.9 bp −$369	247.2 bp −$24.7K	661.0 bp −$330.5K

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
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1192	−0.151%	$1.0M	$315K	10x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1197	+0.243%	$411K	$60K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1196	+0.176%	$2.6M	$489K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1194	+0.038%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1195	+0.142%	$1K	$1.3M	20x	as long as short
Binance KITEUSDT	+0.0103%	4h	0.1195	+0.109%	$19.9M	$6.0M	10x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1195	+0.129%	$18K	$89K	10x	as long as short
MEXC KITE_USDTshort	+0.0106%	4h	0.1196	+0.159%	$724K	$307K	50x
BloFin KITE-USDT	+0.0130%	4h	0.1197	+0.318%	$836K	$52K	10x	as long as short
Gate KITE_USDT	+0.0288%	4h	0.1196	+0.176%	$553K	$254K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KITEUSDT	+0.0438%	4h	0.1196	+0.231%	$8.3M	$98K	5x	as long as short
Bybit KITEUSDTlong	+0.0807%	4h	0.1194	long leg	$1.1M	$2.8M	25x
BingX KITE-USDT	+0.0906%	4h	0.1194	+0.050%	—	$6.5M	—	as long as short