Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit−0.042%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$238as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2402.401% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 7 days+0.021%+$2 · spread now −0.042%, 7d avg −0.019%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.023% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KITEUSDT | 0.1200 | 0.1474 | pay 0.0737% / 4h | 2h 21m | $1.3M | $2.6M | 25x |
| Short | BingX KITE-USDT | 0.1199 | 0.1418 | get 0.0709% / 4h | 2h 21m | — | $6.5M | — |
Bybit KITEUSDT
BingX KITE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$11.75
- Price spread: −0.042% → −0.019%
- −$2.26
- Slippage, 4 orders
- −$219.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$254.14
- Costs to cover
- 2.401%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 6 min ago; BingX: live order book, 10 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 Bybit live order book, 6 min ago | 4.58 bp | 109.0 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 5.85 bp | 20.4 bp −$20 | 53.0 bp −$530 | 491.8 bp −$49.2K | 1050.8 bp −$525.4K |
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 | 0.1198 | −0.100% | $1.0M | $325K | 10x | as long as short |
| KuCoin KITEUSDTM | +0.0100% | 4h | 0.1200 | +0.042% | $413K | $61K | 10x | as long as short |
| Bitget KITEUSDT | +0.0100% | 4h | 0.1198 | −0.100% | $2.6M | $476K | 10x | as long as short |
| Variational Omni KITE | +0.0100% | 4h | 0.1201 | +0.121% | $10K | $13K | — | as long as short |
| SunX KITE-USDT | +0.0100% | 4h | 0.1200 | +0.008% | $1K | $1.3M | 20x | as long as short |
| Extended KITE-USD | +0.0120% | 1h | 0.1199 | −0.075% | $16K | $90K | 10x | as long as short |
| MEXC KITE_USDT | +0.0120% | 4h | 0.1199 | −0.050% | $746K | $309K | 50x | as long as short |
| Binance KITEUSDT | +0.0122% | 4h | 0.1199 | −0.040% | $20.0M | $5.9M | 10x | as long as short |
| Gate KITE_USDT | +0.0260% | 4h | 0.1200 | +0.058% | $540K | $242K | 25x | as long as short |
| Aster KITEUSDT | +0.0537% | 4h | 0.1200 | +0.025% | $8.3M | $99K | 5x | as long as short |
OKX KITE-USDT-SWAP
KuCoin KITEUSDTM
Bitget KITEUSDT
Variational Omni KITE
SunX KITE-USDT
Extended KITE-USD
MEXC KITE_USDT
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-USDTshort | +0.1418% | 4h | 0.1199 | −0.042% | — | $6.5M | — | |
| Bybit KITEUSDTlong | +0.1474% | 4h | 0.1200 | long leg | $1.3M | $2.6M | 25x |