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 −0.008%

Price spread now: MEXC against Bybit−0.025%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1381.380% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.025%, 7d avg +0.025%

Together, before fees−0.052%−$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: MEXC is 0.050% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KITEUSDT	0.1192	0.0100	pay 0.0050% / 4h	1h 06m	$1.1M	$2.5M	25x
Short	MEXC KITE_USDT	0.1192	0.0100	get 0.0050% / 4h	1h 06m	$738K	$250K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → +0.025%: −$4.99
Slippage, 4 orders: −$118.96
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$142.95
Costs to cover: 1.380%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 4 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, 5 min ago	5.04 bp	61.1 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.42 bp	10.0 bp −$10	35.6 bp −$356	248.5 bp −$24.9K	800.5 bp −$400.2K

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	0.1192	+0.018%	$19.9M	$5.8M	10x	as long as short
Bybit KITEUSDTlong	+0.0100%	4h	0.1192	long leg	$1.1M	$2.5M	25x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1190	−0.134%	$998K	$302K	10x	as long as short
MEXC KITE_USDTshort	+0.0100%	4h	0.1192	−0.025%	$738K	$250K	50x
KuCoin KITEUSDTM	+0.0100%	4h	0.1192	−0.042%	$407K	$59K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1191	−0.092%	$2.6M	$397K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1192	+0.042%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1190	−0.160%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1191	−0.092%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1192	−0.029%	$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	+0.0132%	4h	0.1191	−0.076%	$648K	$58K	10x	as long as short
Aster KITEUSDT	+0.0259%	4h	0.1192	+0.034%	$8.3M	$101K	5x	as long as short
Gate KITE_USDT	+0.0366%	4h	0.1192	−0.008%	$538K	$228K	25x	as long as short