Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%

Price spread now: Bybit against KuCoin+0.097%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,407as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,401as in the Price arb table

costs, in and out, $10k−$1,40814.076% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.097%, 7d avg +0.027%

Together, before fees−0.060%−$6 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: Bybit is 0.070% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KITEUSDTM	0.1342	0.0100	pay 0.0050% / 4h	1h 07m	$477K	$129K	10x
Short	Bybit KITEUSDT	0.1343	0.0100	get 0.0050% / 4h	1h 07m	$1.5M	$4.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.027%: $6.97
Slippage, 4 orders: −$1,384.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,400.65
Costs to cover: 14.076%
Break-even: never at this rate

Slippage from KuCoin: live order book, 27 min ago; Bybit: live order book, 3 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 KuCoin live order book, 27 min ago	25.16 bp	739.4 bp −$739	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.10 bp	53.0 bp −$53	419.8 bp −$4,198	doesn't fit	doesn't fit

KITE on 13 exchanges

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	0.1344	+0.155%	$22.7M	$9.1M	10x	as long as short
Bybit KITEUSDTshort	+0.0100%	4h	0.1343	+0.097%	$1.5M	$4.0M	25x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1341	−0.037%	$1.2M	$1.1M	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1343	+0.089%	$971K	$397K	50x	as long as short
KuCoin KITEUSDTMlong	+0.0100%	4h	0.1342	long leg	$477K	$129K	10x
Bitget KITEUSDT	+0.0100%	4h	0.1343	+0.097%	$2.8M	$1.4M	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1343	+0.075%	—	$6.6M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1341	−0.073%	$11K	$10K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1341	−0.022%	$2K	$1.8M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1343	+0.087%	$23K	$190K	10x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KITE-USDT	+0.0142%	4h	0.1344	+0.209%	$945K	$60K	10x	as long as short
Aster KITEUSDT	+0.0345%	4h	0.1343	+0.125%	$9.3M	$165K	5x	as long as short
Gate KITE_USDT	+0.0460%	4h	0.1343	+0.112%	$666K	$347K	25x	as long as short