Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0791%/8h= +86.6% APRpaid last 24h +0.007%

Price spread now: Bybit against Extended−0.046%7-day average — · you buy dearer than you sell

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

Long on Extended Short on Bybit

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

Funding pays, the price is against you. Bybit is 0.046% cheaper against Extended than usual: you would sell low and buy high (spread −0.046% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$24 a day).

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	Extended KITE-USD	0.1196	0.0104	pay 0.0013% / 1h	31m 03s	$18K	$89K	10x
Short	Bybit KITEUSDT	0.1196	0.0895	get 0.0447% / 4h	1h 31m	$1.1M	$2.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.046%Rate

Funding earned: $166.09
Price spread: −0.046% → 0.000%: −$4.65
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $145.44
Costs to cover: 0.160%
Break-even: 0.9 days

Slippage unknown: Extended: no order-book sample; Bybit: live order book, 1 min ago. 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 Extended no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	4.60 bp	33.7 bp −$34	doesn't fit	doesn't fit	doesn't fit

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
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1196	+0.012%	$1.0M	$317K	10x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1198	+0.154%	$411K	$60K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1197	+0.062%	$2.6M	$488K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1194	−0.176%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1196	−0.046%	$1K	$1.3M	20x	as long as short
MEXC KITE_USDT	+0.0102%	4h	0.1197	+0.071%	$725K	$307K	50x	as long as short
Extended KITE-USDlong	+0.0104%	1h	0.1196	long leg	$18K	$89K	10x
Binance KITEUSDT	+0.0107%	4h	0.1196	−0.005%	$19.9M	$6.0M	10x	as long as short
BloFin KITE-USDT	+0.0130%	4h	0.1197	+0.104%	$836K	$52K	10x	as long as short
Gate KITE_USDT	+0.0298%	4h	0.1197	+0.071%	$554K	$254K	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	+0.0445%	4h	0.1197	+0.054%	$8.3M	$99K	5x	as long as short
Bybit KITEUSDTshort	+0.0895%	4h	0.1196	−0.046%	$1.1M	$2.7M	25x
BingX KITE-USDT	+0.0906%	4h	0.1195	−0.072%	—	$6.5M	—	as long as short