Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0368%/8h= +40.3% APRpaid last 24h +0.043%

Price spread now: Gate against Extended−0.099%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 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

Funding pays, the price is against you. Gate is 0.099% cheaper against Extended than usual: you would sell low and buy high (spread −0.099% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 21 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.043% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.3% 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	0.1203	0.0104	pay 0.0013% / 1h	41m 48s	$16K	$84K	10x
Short	Gate KITE_USDT	0.1202	0.0472	get 0.0236% / 4h	41m 48s	$556K	$246K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.099%Rate

Funding earned: $77.28
Price spread: −0.099% → 0.000%: −$9.89
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $47.39
Costs to cover: 0.200%
Break-even: 2.7 days

Slippage unknown: Extended: no order-book sample; Gate: live order book, 14 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 Gate live order book, 14 min ago	9.17 bp	140.2 bp −$140	doesn't fit	doesn't fit	doesn't fit

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	+0.0052%	4h	0.1205	+0.109%	$841K	$50K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1204	+0.034%	$20.1M	$6.0M	10x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1202	−0.149%	$1.0M	$327K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1203	+0.009%	$728K	$293K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1204	+0.034%	$409K	$61K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1203	−0.066%	$2.6M	$509K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1200	−0.279%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1202	−0.074%	$2K	$1.3M	20x	as long as short
Extended KITE-USDlong	+0.0104%	1h	0.1203	long leg	$16K	$84K	10x
Bybit KITEUSDT	+0.0135%	4h	0.1203	−0.024%	$1.1M	$2.8M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KITE-USDT	+0.0156%	4h	0.1203	−0.024%	—	$6.5M	—	as long as short
Aster KITEUSDT	+0.0399%	4h	0.1205	+0.109%	$8.3M	$95K	5x	as long as short
Gate KITE_USDTshort	+0.0472%	4h	0.1202	−0.099%	$556K	$246K	25x