Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Binance against MEXC+0.106%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$510.514% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.106%, 7d avg +0.004%

Together, before fees−0.019%−$2 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: Binance is 0.102% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KITE_USDT	0.1190	0.0100	pay 0.0050% / 4h	20m 00s	$720K	$248K	50x
Short	Binance KITEUSDT	0.1192	0.0100	get 0.0050% / 4h	20m 00s	$19.8M	$5.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.004%: $10.18
Slippage, 4 orders: −$33.36
Fee MEXC: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.18
Costs to cover: 0.514%
Break-even: never at this rate

Slippage from MEXC: live order book, 50 min ago; Binance: live order book, 6 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 MEXC live order book, 50 min ago	0.42 bp	7.7 bp −$8	38.5 bp −$385	249.3 bp −$24.9K	787.9 bp −$393.9K
Sell Binance live order book, 6 min ago	0.84 bp	16.5 bp −$17	61.7 bp −$617	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	+0.0060%	4h	0.1190	0.000%	$823K	$57K	10x	as long as short
Binance KITEUSDTshort	+0.0100%	4h	0.1192	+0.106%	$19.8M	$5.8M	10x
Bybit KITEUSDT	+0.0100%	4h	0.1190	−0.017%	$1.1M	$2.5M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1189	−0.118%	$998K	$302K	10x	as long as short
MEXC KITE_USDTlong	+0.0100%	4h	0.1190	long leg	$720K	$248K	50x
KuCoin KITEUSDTM	+0.0100%	4h	0.1191	+0.034%	$410K	$60K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1193	+0.202%	$2.6M	$393K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1191	+0.067%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1191	+0.058%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1190	−0.076%	$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-USD	+0.0104%	1h	0.1190	−0.002%	$16K	$150K	10x	as long as short
Aster KITEUSDT	+0.0375%	4h	0.1191	+0.025%	$8.2M	$103K	5x	as long as short
Gate KITE_USDT	+0.0394%	4h	0.1191	+0.084%	$537K	$229K	25x	as long as short