Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0344%/8h= −37.7% APRpaid last 24h −0.007%

Price spread now: Extended against Bybit+0.063%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Extended

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—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.063% dearer against Bybit than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 15 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment. 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	Bybit KITEUSDT	0.1196	0.0448	pay 0.0224% / 4h	1h 12m	$1.1M	$2.8M	25x
Short	Extended KITE-USD	0.1197	0.0104	get 0.0013% / 1h	12m 16s	$16K	$94K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$72.29
Price spread: +0.063% → 0.000%: $6.3
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$82
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Extended: no order-book sample. Net counts fees only.

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, 5 min ago	7.11 bp	51.3 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0085%	4h	0.1198	+0.176%	$839K	$50K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1197	+0.088%	$20.0M	$6.0M	10x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1196	−0.033%	$1.0M	$318K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1197	+0.067%	$723K	$308K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1196	+0.008%	$407K	$62K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1197	+0.075%	$2.6M	$505K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1195	−0.086%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1196	+0.008%	$1K	$1.3M	20x	as long as short
Extended KITE-USDshort	+0.0104%	1h	0.1197	+0.063%	$16K	$94K	10x
Gate KITE_USDT	+0.0338%	4h	0.1197	+0.075%	$554K	$255K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KITEUSDT	+0.0392%	4h	0.1197	+0.066%	$8.3M	$98K	5x	as long as short
Bybit KITEUSDTlong	+0.0448%	4h	0.1196	long leg	$1.1M	$2.8M	25x
BingX KITE-USDT	+0.0483%	4h	0.1197	+0.042%	—	$6.5M	—	as long as short