Funding arb · Price arb /

KITE

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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 +0.018%

Price spread now: Bybit against Bitget−0.185%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1621.616% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.185%, 7d avg −0.068%

Together, before fees+0.047%+$5 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: Bybit is 0.117% cheaper against Bitget than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KITEUSDT	0.1188	0.0100	pay 0.0050% / 4h	1h 34m	$2.6M	$402K	10x
Short	Bybit KITEUSDT	0.1186	0.0100	get 0.0050% / 4h	1h 34m	$1.1M	$2.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now −0.185%Rate

Funding earned: $0
Price spread: −0.185% → −0.068%: −$11.74
Slippage, 4 orders: −$138.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$173.31
Costs to cover: 1.616%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 2 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 Bitget live order book, 2 min ago	6.30 bp	31.9 bp −$32	76.4 bp −$764	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.10 bp	50.3 bp −$50	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
BloFin KITE-USDT	+0.0043%	4h	0.1186	−0.151%	$816K	$58K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1188	−0.042%	$19.8M	$5.8M	10x	as long as short
Bybit KITEUSDTshort	+0.0100%	4h	0.1186	−0.185%	$1.1M	$2.5M	25x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1185	−0.244%	$993K	$303K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1187	−0.059%	$735K	$248K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1187	−0.084%	$408K	$56K	10x	as long as short
Bitget KITEUSDTlong	+0.0100%	4h	0.1188	long leg	$2.6M	$402K	10x
BingX KITE-USDT	+0.0100%	4h	0.1187	−0.076%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1188	−0.007%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1186	−0.210%	$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-USD	+0.0104%	1h	0.1187	−0.062%	$16K	$150K	10x	as long as short
Aster KITEUSDT	+0.0222%	4h	0.1187	−0.084%	$8.2M	$109K	5x	as long as short
Gate KITE_USDT	+0.0276%	4h	0.1187	−0.084%	$535K	$225K	25x	as long as short