Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.010%

Price spread now: Variational Omni against MEXC+0.055%7-day average — · you sell dearer than you buy

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

Long on MEXC 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 airdropVariational 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 0.055% dearer against MEXC than usual: you sell high and buy low, +$6 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	MEXC KITE_USDT	0.1198	0.0100	pay 0.0050% / 4h	2h 41m	$746K	$307K	50x
Short	Variational Omni KITE	0.1198	0.0100	get 0.0050% / 4h	2h 41m	$10K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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 MEXCbpFee Variational OmnibpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → 0.000%: $5.55
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.45
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 19 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 MEXC live order book, 19 min ago	2.08 bp	28.4 bp −$28	76.2 bp −$762	216.5 bp −$21.6K	613.1 bp −$306.5K
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
Binance KITEUSDT	+0.0100%	4h	0.1198	+0.008%	$20.0M	$6.0M	10x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1197	−0.058%	$1.0M	$335K	10x	as long as short
MEXC KITE_USDTlong	+0.0100%	4h	0.1198	long leg	$746K	$307K	50x
KuCoin KITEUSDTM	+0.0100%	4h	0.1198	−0.017%	$412K	$62K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1200	+0.150%	$2.6M	$475K	10x	as long as short
Variational Omni KITEshort	+0.0100%	4h	0.1198	+0.055%	$10K	$13K	—
SunX KITE-USDT	+0.0100%	4h	0.1197	−0.058%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1198	−0.010%	$16K	$90K	10x	as long as short
BloFin KITE-USDT	+0.0147%	4h	0.1196	−0.167%	$836K	$56K	10x	as long as short
Gate KITE_USDT	+0.0366%	4h	0.1199	+0.083%	$540K	$233K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KITEUSDT	+0.0538%	4h	0.1198	+0.033%	$8.3M	$102K	5x	as long as short
BingX KITE-USDT	+0.1138%	4h	0.1198	−0.017%	—	$6.5M	—	as long as short
Bybit KITEUSDT	+0.1227%	4h	0.1198	−0.017%	$1.3M	$2.7M	25x	as long as short