KITE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0778%/8h= +85.2% APRnext payment +$3.89 per $10,000 · paid last 24h +0.008%

Price spread now: Bybit against Binance−0.002%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$2082.078% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.031%−$3 · spread now −0.002%, 7d avg −0.002%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$23 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KITEUSDT	0.1223	0.0100	pay 0.0050% / 4h	3h 02m	$20.4M	$6.4M	10x
Short	Bybit KITEUSDT	0.1223	0.0878	get 0.0439% / 4h	3h 02m	$1.2M	$2.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.002%Rate

Funding earned: $163.31
Price spread: −0.002% → −0.002%: −$0.01
Slippage, 4 orders: −$186.81
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.51
Costs to cover: 2.078%
Break-even: 8.9 days

Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 5 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 Binance live order book, 9 min ago	2.04 bp	18.8 bp −$19	57.9 bp −$579	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	6.94 bp	83.7 bp −$84	doesn't fit	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 KITEUSDTlong	+0.0100%	4h	0.1223	long leg	$20.4M	$6.4M	10x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1221	−0.158%	$1.1M	$399K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1222	−0.010%	$735K	$248K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1224	+0.145%	$420K	$66K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1224	+0.145%	$2.7M	$663K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1226	+0.262%	$11K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1221	−0.117%	$2K	$1.4M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1222	−0.029%	$17K	$184K	10x	as long as short
BloFin KITE-USDT	+0.0109%	4h	0.1226	+0.251%	$852K	$50K	10x	as long as short
Aster KITEUSDT	+0.0503%	4h	0.1224	+0.108%	$8.5M	$107K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KITE_USDT	+0.0694%	4h	0.1223	+0.022%	$568K	$248K	25x	as long as short
Bybit KITEUSDTshort	+0.0878%	4h	0.1223	−0.002%	$1.2M	$2.9M	25x
BingX KITE-USDT	+0.0946%	4h	0.1222	−0.076%	—	$6.5M	—	as long as short