Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: BingX against Extended−0.076%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1121.117% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.240%−$24 · spread now −0.076%, 7d avg −0.022%

Together, before fees−0.240%+ Points / potential airdropExtended: Active · farm board−$24 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: BingX is 0.054% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KITE-USD	0.1262	0.0104	pay 0.0013% / 1h	45m 04s	$25K	$192K	10x
Short	BingX KITE-USDT	0.1261	0.0100	get 0.0050% / 4h	3h 45m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$0.84
Price spread: −0.076% → −0.022%: −$5.39
Slippage, 4 orders: −$96.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$117.92
Costs to cover: 1.117%
Break-even: never at this rate

Slippage from Extended: live order book, 13 min ago; BingX: live order book, 6 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 Extended live order book, 13 min ago	3.16 bp	34.6 bp −$35	252.4 bp −$2,524	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	5.55 bp	22.0 bp −$22	55.4 bp −$554	735.6 bp −$73.6K	1177.6 bp −$588.8K

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	+0.0058%	4h	0.1262	−0.004%	$885K	$53K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1261	−0.068%	$21.3M	$7.6M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1260	−0.147%	$1.3M	$3.4M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1259	−0.226%	$1.1M	$643K	10x	as long as short
Gate KITE_USDT	+0.0100%	4h	0.1262	+0.011%	$586K	$273K	25x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1262	+0.011%	$937K	$277K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1261	−0.060%	$420K	$103K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1261	−0.068%	$2.6M	$1.0M	10x	as long as short
BingX KITE-USDTshort	+0.0100%	4h	0.1261	−0.076%	—	$6.5M	—
Variational Omni KITE	+0.0100%	4h	0.1261	−0.065%	$11K	$10K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX KITE-USDT	+0.0100%	4h	0.1260	−0.107%	$1K	$1.6M	20x	as long as short
Extended KITE-USDlong	+0.0104%	1h	0.1262	long leg	$25K	$192K	10x
Aster KITEUSDT	+0.0392%	4h	0.1262	+0.038%	$8.7M	$132K	5x	as long as short