Funding you earn now, next payment 04:00 UTC−0.1290%/8h= −141.3% APRnext payment −$6.45 per $10,000 · paid last 24h −0.007%
Price spread now: MEXC against BingX−0.033%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$870.875% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.033%, 7d avg +0.040%
=Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and MEXC is 0.074% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.040%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.45 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 | BingX KITE-USDT | 0.1201 | 0.1424 | pay 0.0712% / 4h | 1h 57m | — | $6.5M | — |
| Short | MEXC KITE_USDT | 0.1200 | 0.0134 | get 0.0067% / 4h | 1h 57m | $740K | $304K | 50x |
BingX KITE-USDT
MEXC KITE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$270.9
- Price spread: −0.033% → +0.040%
- −$7.37
- Slippage, 4 orders
- −$69.46
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$365.73
- Costs to cover
- 0.875%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; MEXC: live order book, 63 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, 9 min ago | 5.42 bp | 23.7 bp −$24 | 58.7 bp −$587 | 780.2 bp −$78.0K | 1233.7 bp −$616.8K |
| Sell MEXC live order book, 63 min ago | 2.08 bp | 14.6 bp −$15 | 66.6 bp −$666 | 229.3 bp −$22.9K | 624.5 bp −$312.2K |
KITE on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX KITE-USDT-SWAP | +0.0100% | 4h | 0.1199 | −0.125% | $1.0M | $308K | 10x | as long as short |
| KuCoin KITEUSDTM | +0.0100% | 4h | 0.1202 | +0.083% | $411K | $59K | 10x | as long as short |
| Bitget KITEUSDT | +0.0100% | 4h | 0.1202 | +0.075% | $2.7M | $485K | 10x | as long as short |
| Variational Omni KITE | +0.0100% | 4h | 0.1203 | +0.178% | $10K | $13K | — | as long as short |
| SunX KITE-USDT | +0.0100% | 4h | 0.1199 | −0.158% | $2K | $1.3M | 20x | as long as short |
| Extended KITE-USD | +0.0128% | 1h | 0.1200 | −0.054% | $16K | $92K | 10x | as long as short |
| Binance KITEUSDT | +0.0131% | 4h | 0.1200 | −0.019% | $20.0M | $5.9M | 10x | as long as short |
| MEXC KITE_USDTshort | +0.0134% | 4h | 0.1200 | −0.033% | $740K | $304K | 50x | |
| Gate KITE_USDT | +0.0238% | 4h | 0.1201 | +0.042% | $542K | $242K | 25x | as long as short |
| Aster KITEUSDT | +0.0510% | 4h | 0.1202 | +0.130% | $8.3M | $97K | 5x | as long as short |
OKX KITE-USDT-SWAP
KuCoin KITEUSDTM
Bitget KITEUSDT
Variational Omni KITE
SunX KITE-USDT
Extended KITE-USD
Binance KITEUSDT
Gate KITE_USDT
Aster KITEUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KITE-USDTlong | +0.1424% | 4h | 0.1201 | long leg | — | $6.5M | — | |
| Bybit KITEUSDT | +0.1497% | 4h | 0.1201 | +0.008% | $1.3M | $2.6M | 25x | as long as short |
Bybit KITEUSDT