Funding arb · Price arb /

KITE

all KITE markets

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: Binance against OKX+0.191%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1101.097% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.191%, 7d avg +0.121%

Together, before fees−0.005%$0 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 0.069% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KITE-USDT-SWAP	0.1207	0.0100	pay 0.0050% / 4h	18m 40s	$1.0M	$336K	10x
Short	Binance KITEUSDT	0.1209	0.0100	get 0.0050% / 4h	18m 40s	$20.2M	$6.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.191%Rate

Funding earned: $0
Price spread: +0.191% → +0.121%: $6.93
Slippage, 4 orders: −$89.73
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$102.8
Costs to cover: 1.097%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Binance: live order book, 7 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 OKX live order book, 3 min ago	2.50 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.42 bp	13.6 bp −$14	47.1 bp −$471	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 KITEUSDTshort	+0.0100%	4h	0.1209	+0.191%	$20.2M	$6.1M	10x
Bybit KITEUSDT	+0.0100%	4h	0.1208	+0.075%	$1.1M	$2.8M	25x	as long as short
OKX KITE-USDT-SWAPlong	+0.0100%	4h	0.1207	long leg	$1.0M	$336K	10x
MEXC KITE_USDT	+0.0100%	4h	0.1209	+0.149%	$730K	$294K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1207	+0.017%	$414K	$63K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1207	+0.033%	$2.7M	$510K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1208	+0.108%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1199	−0.632%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1204	−0.249%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1209	+0.146%	$17K	$83K	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	+0.0136%	4h	0.1205	−0.157%	$839K	$49K	10x	as long as short
Aster KITEUSDT	+0.0407%	4h	0.1207	−0.011%	$8.4M	$96K	5x	as long as short
Gate KITE_USDT	+0.0458%	4h	0.1208	+0.124%	$559K	$247K	25x	as long as short