Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0590%/8h= −64.6% APRpaid last 24h −0.064%

Price spread now: Extended against Gate−0.051%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$397as in the Funding arb table

Net, price: spread back to 7d avg − costs−$396as in the Price arb table

costs, in and out, $10k−$3913.910% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 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

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Extended is 0.051% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.4% 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	Gate KITE_USDT	0.1223	0.0694	pay 0.0347% / 4h	3h 02m	$568K	$248K	25x
Short	Extended KITE-USD	0.1222	0.0104	get 0.0013% / 1h	2m 01s	$17K	$184K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$123.9
Price spread: −0.051% → 0.000%: −$5.12
Slippage, 4 orders: −$370.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$520.01
Costs to cover: 3.910%
Break-even: never at this rate

Slippage from Gate: live order book, 49 min ago; Extended: live order book, 11 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, 49 min ago	6.53 bp	167.8 bp −$168	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 11 min ago	4.09 bp	47.0 bp −$47	300.2 bp −$3,002	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	0.1223	−0.022%	$20.4M	$6.4M	10x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1221	−0.180%	$1.1M	$399K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1222	−0.033%	$735K	$248K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1224	+0.123%	$420K	$66K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1224	+0.123%	$2.7M	$663K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1226	+0.240%	$11K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1221	−0.139%	$2K	$1.4M	20x	as long as short
Extended KITE-USDshort	+0.0104%	1h	0.1222	−0.051%	$17K	$184K	10x
BloFin KITE-USDT	+0.0109%	4h	0.1226	+0.229%	$852K	$50K	10x	as long as short
Aster KITEUSDT	+0.0503%	4h	0.1224	+0.086%	$8.5M	$107K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KITE_USDTlong	+0.0694%	4h	0.1223	long leg	$568K	$248K	25x
Bybit KITEUSDT	+0.0878%	4h	0.1223	−0.025%	$1.2M	$2.9M	25x	as long as short
BingX KITE-USDT	+0.0946%	4h	0.1222	−0.098%	—	$6.5M	—	as long as short