KITE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1137%/8h= −124.5% APRnext payment −$5.69 per $10,000 · paid last 24h −0.018%

Price spread now: OKX against Bybit−0.260%7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$223as in the Price arb table

costs, in and out, $10k−$2092.089% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.260%, 7d avg −0.123%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and OKX is 0.136% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.123%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.69 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	Bybit KITEUSDT	0.1194	0.1237	pay 0.0619% / 4h	2h 40m	$1.3M	$2.7M	25x
Short	OKX KITE-USDT-SWAP	0.1191	0.0100	get 0.0050% / 4h	2h 40m	$1.0M	$333K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.260%Rate

Funding earned: −$238.82
Price spread: −0.260% → −0.123%: −$13.63
Slippage, 4 orders: −$187.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$461.35
Costs to cover: 2.089%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	7.08 bp	67.9 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	7.52 bp	41.0 bp −$41	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
Binance KITEUSDT	+0.0100%	4h	0.1194	−0.050%	$19.9M	$6.0M	10x	as long as short
OKX KITE-USDT-SWAPshort	+0.0100%	4h	0.1191	−0.260%	$1.0M	$333K	10x
MEXC KITE_USDT	+0.0100%	4h	0.1194	−0.017%	$745K	$307K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1197	+0.243%	$412K	$62K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1196	+0.117%	$2.6M	$475K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1198	+0.340%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1197	+0.226%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1194	−0.046%	$16K	$90K	10x	as long as short
BloFin KITE-USDT	+0.0147%	4h	0.1196	+0.117%	$836K	$56K	10x	as long as short
Gate KITE_USDT	+0.0344%	4h	0.1196	+0.117%	$539K	$233K	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	+0.0534%	4h	0.1198	+0.271%	$8.3M	$102K	5x	as long as short
BingX KITE-USDT	+0.1138%	4h	0.1195	+0.025%	—	$6.5M	—	as long as short
Bybit KITEUSDTlong	+0.1237%	4h	0.1194	long leg	$1.3M	$2.7M	25x