Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0674%/8h= +73.8% APRpaid last 24h +0.007%

Price spread now: BingX against Extended+0.025%7-day average — · you sell dearer than you buy

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

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and BingX is 0.025% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment. 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	Extended KITE-USD	0.1226	0.0104	pay 0.0013% / 1h	28m 07s	$18K	$79K	10x
Short	BingX KITE-USDT	0.1226	0.0778	get 0.0389% / 4h	3h 28m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $141.54
Price spread: +0.025% → 0.000%: $2.55
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: $129.09
Costs to cover: 0.150%
Break-even: 0.6 days

Slippage unknown: Extended: no order-book sample; BingX: live order book, 8 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	5.29 bp	28.0 bp −$28	72.9 bp −$729	641.8 bp −$64.2K	1213.3 bp −$606.6K

Extended: 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	+0.0097%	4h	0.1230	+0.352%	$847K	$50K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1226	+0.023%	$20.5M	$6.3M	10x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1227	+0.132%	$1.1M	$386K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1226	+0.009%	$740K	$246K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1227	+0.156%	$421K	$65K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1227	+0.107%	$2.8M	$599K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1234	+0.669%	$11K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1226	+0.001%	$2K	$1.4M	20x	as long as short
Extended KITE-USDlong	+0.0104%	1h	0.1226	long leg	$18K	$79K	10x
Aster KITEUSDT	+0.0447%	4h	0.1227	+0.111%	$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	+0.0632%	4h	0.1228	+0.164%	$569K	$245K	25x	as long as short
BingX KITE-USDTshort	+0.0778%	4h	0.1226	+0.025%	—	$6.5M	—
Bybit KITEUSDT	+0.0779%	4h	0.1226	+0.001%	$1.2M	$2.9M	25x	as long as short