Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0112%/8h= −12.2% APRpaid last 24h −0.063%

Price spread now: Extended against Aster−0.029%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1941.940% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.359%−$36 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.029%, 7d avg −0.125%

Together, before fees−0.445%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.097% dearer against Aster than usual: you sell high and buy low (spread −0.029% now, against its 7-day average of −0.125%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 5 days (−0.359% in total) that is about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster KITEUSDT	0.1189	0.0216	pay 0.0108% / 4h	1h 31m	$8.2M	$109K	5x
Short	Extended KITE-USD	0.1189	0.0104	get 0.0013% / 1h	31m 54s	$16K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$23.43
Price spread: −0.029% → −0.125%: $9.66
Slippage, 4 orders: −$180.97
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$207.74
Costs to cover: 1.940%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Extended: live order book, 49 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 Aster live order book, 2 min ago	4.21 bp	91.8 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 49 min ago	2.95 bp	46.8 bp −$47	277.4 bp −$2,774	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	+0.0096%	4h	0.1187	−0.202%	$818K	$58K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1189	−0.009%	$19.8M	$5.8M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1188	−0.076%	$1.1M	$2.5M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1187	−0.194%	$995K	$303K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1188	−0.034%	$736K	$248K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1188	−0.043%	$408K	$56K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1189	−0.026%	$2.6M	$394K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1189	+0.008%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1188	−0.067%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1189	−0.026%	$1K	$1.3M	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-USDshort	+0.0104%	1h	0.1189	−0.029%	$16K	$150K	10x
Aster KITEUSDTlong	+0.0216%	4h	0.1189	long leg	$8.2M	$109K	5x
Gate KITE_USDT	+0.0286%	4h	0.1189	−0.009%	$536K	$227K	25x	as long as short