Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.001%

Price spread now: BloFin against Extended−0.279%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1011.006% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.301%+$30 · spread now −0.279%, 7d avg +0.039%

Together, before fees+0.294%+ Points / potential airdropExtended: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.318% cheaper against Extended than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KITE-USD	0.1274	0.0104	pay 0.0013% / 1h	32m 22s	$26K	$193K	10x
Short	BloFin KITE-USDT	0.1270	0.0064	get 0.0032% / 4h	3h 32m	$892K	$53K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.279%Rate

Funding earned: −$8.37
Price spread: −0.279% → +0.039%: −$31.83
Slippage, 4 orders: −$83.63
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$140.83
Costs to cover: 1.006%
Break-even: never at this rate

Slippage from Extended: live order book, 26 min ago; BloFin: live order book, 45 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, 26 min ago	3.16 bp	34.6 bp −$35	252.4 bp −$2,524	doesn't fit	doesn't fit
Sell BloFin live order book, 45 min ago	0.40 bp	20.3 bp −$20	44.4 bp −$444	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
BloFin KITE-USDTshort	+0.0064%	4h	0.1270	−0.279%	$892K	$53K	10x
Binance KITEUSDT	+0.0100%	4h	0.1273	−0.086%	$21.5M	$7.7M	10x	as long as short
Bybit KITEUSDT	+0.0100%	4h	0.1270	−0.287%	$1.3M	$3.5M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1268	−0.459%	$1.1M	$681K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1273	−0.075%	$903K	$303K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1271	−0.240%	$423K	$105K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1271	−0.271%	$2.6M	$1.1M	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1272	−0.177%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1262	−0.919%	$11K	$10K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1258	−1.291%	$1K	$1.6M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KITE-USDlong	+0.0104%	1h	0.1274	long leg	$26K	$193K	10x
Gate KITE_USDT	+0.0196%	4h	0.1273	−0.114%	$591K	$278K	25x	as long as short
Aster KITEUSDT	+0.0373%	4h	0.1273	−0.101%	$8.8M	$135K	5x	as long as short