Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin−0.191%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.191% cheaper against KuCoin than usual: you would sell low and buy high, −$19 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KITEUSDTM	0.1196	0.0100	pay 0.0050% / 4h	1h 04m	$407K	$62K	10x
Short	Variational Omni KITE	0.1193	0.0100	get 0.0050% / 4h	1h 04m	$10K	$13K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.191%Rate

Funding earned: $0
Price spread: −0.191% → 0.000%: −$19.09
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.09
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 18 min ago; Variational Omni: no order-book sample. 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 KuCoin live order book, 18 min ago	20.06 bp	884.7 bp −$885	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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
Binance KITEUSDT	+0.0100%	4h	0.1196	+0.032%	$19.9M	$6.0M	10x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1194	−0.176%	$1.0M	$314K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1196	+0.008%	$722K	$309K	50x	as long as short
KuCoin KITEUSDTMlong	+0.0100%	4h	0.1196	long leg	$407K	$62K	10x
Bitget KITEUSDT	+0.0100%	4h	0.1195	−0.050%	$2.6M	$508K	10x	as long as short
Variational Omni KITEshort	+0.0100%	4h	0.1193	−0.191%	$10K	$13K	—
SunX KITE-USDT	+0.0100%	4h	0.1194	−0.167%	$2K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1196	−0.009%	$16K	$89K	10x	as long as short
BloFin KITE-USDT	+0.0147%	4h	0.1195	−0.033%	$835K	$50K	10x	as long as short
Bybit KITEUSDT	+0.0334%	4h	0.1194	−0.151%	$1.1M	$2.7M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KITE_USDT	+0.0344%	4h	0.1196	−0.008%	$553K	$255K	25x	as long as short
Aster KITEUSDT	+0.0360%	4h	0.1195	−0.018%	$8.3M	$96K	5x	as long as short
BingX KITE-USDT	+0.0398%	4h	0.1195	−0.059%	—	$6.5M	—	as long as short