Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Extended+0.074%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.074% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KITE-USD	0.1190	0.0104	pay 0.0013% / 1h	26m 27s	$16K	$150K	10x
Short	Variational Omni KITE	0.1191	0.0100	get 0.0050% / 4h	26m 27s	$10K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.074%Rate

Funding earned: −$0.84
Price spread: +0.074% → 0.000%: $7.42
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.58
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 49 min ago; Variational Omni: no order-book sample. 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 live order book, 49 min ago	3.79 bp	35.7 bp −$36	232.2 bp −$2,322	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	+0.0099%	4h	0.1190	−0.015%	$824K	$57K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1190	−0.007%	$19.8M	$5.7M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1190	+0.019%	$1.1M	$2.5M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1191	+0.035%	$999K	$303K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1190	−0.040%	$736K	$244K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1190	−0.032%	$410K	$60K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1192	+0.170%	$2.6M	$393K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1190	−0.007%	—	$6.5M	—	as long as short
Variational Omni KITEshort	+0.0100%	4h	0.1191	+0.074%	$10K	$13K	—
SunX KITE-USDT	+0.0100%	4h	0.1188	−0.150%	$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	0.1190	long leg	$16K	$150K	10x
Aster KITEUSDT	+0.0378%	4h	0.1190	+0.002%	$8.2M	$103K	5x	as long as short
Gate KITE_USDT	+0.0408%	4h	0.1191	+0.035%	$536K	$228K	25x	as long as short