Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin−0.223%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,782as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,793as in the Price arb table

costs, in and out, $10k−$1,78017.796% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.223%, 7d avg −0.088%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.135% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KITEUSDTM	0.1213	0.0100	pay 0.0050% / 4h	2h 44m	$416K	$66K	10x
Short	OKX KITE-USDT-SWAP	0.1210	0.0100	get 0.0050% / 4h	2h 44m	$1.0M	$401K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now −0.223%Rate

Funding earned: $0
Price spread: −0.223% → −0.088%: −$13.48
Slippage, 4 orders: −$1,757.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,793.04
Costs to cover: 17.796%
Break-even: never at this rate

Slippage from KuCoin: live order book, 13 min ago; OKX: live order book, 2 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 KuCoin live order book, 13 min ago	14.71 bp	1210.7 bp −$1,211	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	7.44 bp	33.1 bp −$33	doesn't fit	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-USDT	+0.0100%	4h	0.1214	+0.082%	$848K	$50K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1213	−0.034%	$20.2M	$6.4M	10x	as long as short
OKX KITE-USDT-SWAPshort	+0.0100%	4h	0.1210	−0.223%	$1.0M	$401K	10x
MEXC KITE_USDT	+0.0100%	4h	0.1213	−0.008%	$739K	$242K	50x	as long as short
KuCoin KITEUSDTMlong	+0.0100%	4h	0.1213	long leg	$416K	$66K	10x
Bitget KITEUSDT	+0.0100%	4h	0.1212	−0.058%	$2.7M	$715K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1213	−0.013%	$11K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1211	−0.140%	$1K	$1.4M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1212	−0.060%	$17K	$184K	10x	as long as short
Aster KITEUSDT	+0.0517%	4h	0.1213	−0.032%	$8.4M	$109K	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	+0.0608%	4h	0.1213	+0.033%	$564K	$244K	25x	as long as short
Bybit KITEUSDT	+0.0745%	4h	0.1211	−0.148%	$1.2M	$2.9M	25x	as long as short
BingX KITE-USDT	+0.0888%	4h	0.1212	−0.115%	—	$6.5M	—	as long as short