Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.9% APRpaid last 24h −0.004%

Price spread now: BloFin against Extended−0.087%74s7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1201.204% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.087%, 7d avg +0.046%

Together, before fees+0.101%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.133% cheaper against Extended than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KITE-USD	0.1191	0.0104	pay 0.0013% / 1h	19m 52s	$16K	$150K	10x
Short	BloFin KITE-USDT	0.1190	0.0060	get 0.0030% / 4h	19m 52s	$823K	$57K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$9.32
Price spread: −0.087% → +0.046%: −$13.33
Slippage, 4 orders: −$103.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$143.08
Costs to cover: 1.204%
Break-even: never at this rate

Slippage from Extended: live order book, 56 min ago; BloFin: live order book, 57 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 Extended live order book, 56 min ago	3.79 bp	35.7 bp −$36	232.2 bp −$2,322	doesn't fit	doesn't fit
Sell BloFin live order book, 57 min ago	0.84 bp	20.2 bp −$20	39.9 bp −$399	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-USDTshort	+0.0060%	4h	0.1190	−0.087%	$823K	$57K	10x
Binance KITEUSDT	+0.0100%	4h	0.1192	+0.028%	$19.8M	$5.8M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1190	−0.104%	$1.1M	$2.5M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1189	−0.205%	$998K	$302K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1191	−0.020%	$720K	$248K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1191	−0.020%	$410K	$60K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1193	+0.114%	$2.6M	$393K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1191	−0.020%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1191	−0.029%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1190	−0.163%	$2K	$1.2M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KITE-USDlong	+0.0104%	1h	0.1191	long leg	$16K	$150K	10x
Aster KITEUSDT	+0.0375%	4h	0.1191	−0.062%	$8.2M	$103K	5x	as long as short
Gate KITE_USDT	+0.0394%	4h	0.1192	+0.005%	$537K	$229K	25x	as long as short