KITE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0528%/8h= +57.8% APRnext payment +$2.64 per $10,000 · paid last 24h −0.036%

Price spread now: Bybit against Gate−0.131%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$406as in the Funding arb table

Net, price: spread back to 7d avg − costs−$406as in the Price arb table

costs, in and out, $10k−$4003.999% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.274%+$27 · spread now −0.131%, 7d avg −0.069%

Together, before fees+0.215%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.062% cheaper against Gate than usual: you would sell low and buy high (spread −0.131% now, against its 7-day average of −0.069%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.64 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	Gate KITE_USDT	0.1220	0.0478	pay 0.0239% / 4h	3h 56m	$564K	$241K	25x
Short	Bybit KITEUSDT	0.1218	0.1006	get 0.0503% / 4h	3h 56m	$1.2M	$2.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.131%Rate

Funding earned: $110.87
Price spread: −0.131% → −0.069%: −$6.19
Slippage, 4 orders: −$373.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$295.26
Costs to cover: 3.999%
Break-even: 25.6 days

Slippage from Gate: live order book, 59 min ago; Bybit: live order book, 5 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 Gate live order book, 59 min ago	9.17 bp	166.0 bp −$166	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.41 bp	39.1 bp −$39	471.7 bp −$4,717	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	0.1218	−0.110%	$20.3M	$6.2M	10x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1217	−0.221%	$1.0M	$352K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1219	−0.090%	$736K	$244K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1218	−0.172%	$419K	$65K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1218	−0.115%	$2.7M	$540K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1219	−0.066%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1220	+0.003%	$11K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1218	−0.172%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1218	−0.117%	$17K	$83K	10x	as long as short
BloFin KITE-USDT	+0.0155%	4h	0.1219	−0.033%	$845K	$50K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KITEUSDT	+0.0471%	4h	0.1219	−0.073%	$8.4M	$96K	5x	as long as short
Gate KITE_USDTlong	+0.0478%	4h	0.1220	long leg	$564K	$241K	25x
Bybit KITEUSDTshort	+0.1006%	4h	0.1218	−0.131%	$1.2M	$2.9M	25x