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 0.000%

Price spread now: Bitget against OKX+0.158%7-day average +0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1031.028% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.158%, 7d avg +0.187%

Together, before fees−0.028%−$3 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: Bitget is 0.029% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.187%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KITE-USDT-SWAP	0.1199	0.0100	pay 0.0050% / 4h	3h 36m	$1.0M	$304K	10x
Short	Bitget KITEUSDT	0.1201	0.0100	get 0.0050% / 4h	3h 36m	$2.7M	$427K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.158%Rate

Funding earned: $0
Price spread: +0.158% → +0.187%: −$2.9
Slippage, 4 orders: −$80.78
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$105.68
Costs to cover: 1.028%
Break-even: never at this rate

Slippage from OKX: live order book, 5 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 OKX live order book, 5 min ago	5.45 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.43 bp	12.2 bp −$12	56.0 bp −$560	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	0.1201	+0.174%	$20.0M	$5.8M	10x	as long as short
OKX KITE-USDT-SWAPlong	+0.0100%	4h	0.1199	long leg	$1.0M	$304K	10x
MEXC KITE_USDT	+0.0100%	4h	0.1200	+0.117%	$771K	$294K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1199	+0.025%	$411K	$60K	10x	as long as short
Bitget KITEUSDTshort	+0.0100%	4h	0.1201	+0.158%	$2.7M	$427K	10x
Variational Omni KITE	+0.0100%	4h	0.1201	+0.197%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1200	+0.067%	$3K	$1.3M	20x	as long as short
BloFin KITE-USDT	+0.0102%	4h	0.1198	−0.092%	$825K	$57K	10x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1201	+0.133%	$16K	$148K	10x	as long as short
Aster KITEUSDT	+0.0421%	4h	0.1200	+0.106%	$8.3M	$103K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KITE-USDT	+0.0598%	4h	0.1201	+0.150%	—	$6.5M	—	as long as short
Bybit KITEUSDT	+0.0693%	4h	0.1200	+0.092%	$1.1M	$2.5M	25x	as long as short
Gate KITE_USDT	+0.0698%	4h	0.1199	+0.033%	$541K	$216K	25x	as long as short