Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Extended against Binance+0.011%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1181.182% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.011%, 7d avg −0.021%

Together, before fees−0.015%+ Points / potential airdropExtended: Active · farm board−$1 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: Extended is 0.032% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KITEUSDT	0.1183	0.0100	pay 0.0050% / 4h	2h 08m	$19.8M	$5.9M	10x
Short	Extended KITE-USD	0.1183	0.0104	get 0.0013% / 1h	8m 51s	$16K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0.84
Price spread: +0.011% → −0.021%: $3.2
Slippage, 4 orders: −$103.19
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$114.15
Costs to cover: 1.182%
Break-even: 958.3 days

Slippage from Binance: live order book, 2 min ago; Extended: live order book, 12 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, 2 min ago	0.42 bp	17.8 bp −$18	56.9 bp −$569	doesn't fit	doesn't fit
Sell Extended live order book, 12 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	+0.0095%	4h	0.1183	−0.008%	$821K	$58K	10x	as long as short
Binance KITEUSDTlong	+0.0100%	4h	0.1183	long leg	$19.8M	$5.9M	10x
Bybit KITEUSDT	+0.0100%	4h	0.1183	−0.042%	$1.2M	$2.6M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1181	−0.228%	$988K	$304K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1183	+0.008%	$733K	$255K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1183	0.000%	$407K	$56K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1185	+0.127%	$2.6M	$387K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1184	+0.034%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1182	−0.129%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1182	−0.059%	$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	0.1183	+0.011%	$16K	$150K	10x
Gate KITE_USDT	+0.0222%	4h	0.1183	+0.025%	$533K	$228K	25x	as long as short
Aster KITEUSDT	+0.0233%	4h	0.1184	+0.036%	$8.2M	$109K	5x	as long as short