KITE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0222%/8h= −24.3% APRnext payment −$1.11 per $10,000 · paid last 24h −0.039%

Price spread now: Bitget against Gate−0.101%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$2012.010% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.101%, 7d avg −0.013%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.088% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.11 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	Gate KITE_USDT	0.1185	0.0322	pay 0.0161% / 4h	2h 26m	$534K	$228K	25x
Short	Bitget KITEUSDT	0.1184	0.0100	get 0.0050% / 4h	2h 26m	$2.6M	$387K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.101%Rate

Funding earned: −$46.62
Price spread: −0.101% → −0.013%: −$8.78
Slippage, 4 orders: −$173.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$256.39
Costs to cover: 2.010%
Break-even: never at this rate

Slippage from Gate: live order book, 59 min ago; Bitget: live order book, 1 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 Gate live order book, 59 min ago	5.49 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.48 bp	36.0 bp −$36	72.8 bp −$728	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
Binance KITEUSDT	+0.0100%	4h	0.1186	+0.064%	$19.8M	$5.9M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1184	−0.076%	$1.1M	$2.6M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1182	−0.287%	$989K	$308K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1186	+0.076%	$734K	$254K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1185	−0.008%	$407K	$56K	10x	as long as short
Bitget KITEUSDTshort	+0.0100%	4h	0.1184	−0.101%	$2.6M	$387K	10x
BingX KITE-USDT	+0.0100%	4h	0.1186	+0.051%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1181	−0.304%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1183	−0.118%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1185	+0.044%	$16K	$150K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KITE-USDT	+0.0125%	4h	0.1184	−0.076%	$821K	$58K	10x	as long as short
Aster KITEUSDT	+0.0269%	4h	0.1184	−0.095%	$8.2M	$112K	5x	as long as short
Gate KITE_USDTlong	+0.0322%	4h	0.1185	long leg	$534K	$228K	25x