Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: Bitget against BingX+0.059%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$900.904% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 7 days+0.078%+$8 · spread now +0.059%, 7d avg +0.087%

Together, before fees+0.061%+$6 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 BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KITE-USDT	0.1192	0.0100	pay 0.0050% / 4h	0m 11s	—	$6.5M	—
Short	Bitget KITEUSDT	0.1193	0.0100	get 0.0050% / 4h	0m 11s	$2.6M	$371K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.087%: −$2.85
Slippage, 4 orders: −$68.44
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$93.29
Costs to cover: 0.904%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Bitget: 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 BingX live order book, 11 min ago	5.46 bp	20.9 bp −$21	60.1 bp −$601	967.2 bp −$96.7K	doesn't fit
Sell Bitget live order book, 7 min ago	6.72 bp	27.4 bp −$27	59.9 bp −$599	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	0.1193	+0.037%	$19.9M	$5.7M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1192	−0.008%	$1.1M	$2.5M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1191	−0.143%	$1.0M	$299K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1193	+0.025%	$787K	$285K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1191	−0.126%	$410K	$59K	10x	as long as short
Bitget KITEUSDTshort	+0.0100%	4h	0.1193	+0.059%	$2.6M	$371K	10x
BingX KITE-USDTlong	+0.0100%	4h	0.1192	long leg	—	$6.5M	—
Variational Omni KITE	+0.0100%	4h	0.1191	−0.076%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1191	−0.109%	$2K	$1.2M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1192	−0.001%	$16K	$150K	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	+0.0141%	4h	0.1193	+0.025%	$822K	$57K	10x	as long as short
Aster KITEUSDT	+0.0386%	4h	0.1191	−0.084%	$8.3M	$101K	5x	as long as short
Gate KITE_USDT	+0.0404%	4h	0.1191	−0.126%	$537K	$229K	25x	as long as short