Funding arb · Price arb /

KITE

all KITE markets

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: Binance against MEXC+0.057%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$660.661% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now +0.057%, 7d avg +0.005%

Together, before fees+0.120%+$12 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: Binance is 0.053% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KITE_USDT	0.1204	0.0100	pay 0.0050% / 4h	19m 43s	$728K	$294K	50x
Short	Binance KITEUSDT	0.1205	0.0100	get 0.0050% / 4h	19m 43s	$20.1M	$6.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.005%: $5.29
Slippage, 4 orders: −$48.13
Fee MEXC: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$60.84
Costs to cover: 0.661%
Break-even: never at this rate

Slippage from MEXC: live order book, 31 min ago; Binance: live order book, 6 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 MEXC live order book, 31 min ago	1.25 bp	16.0 bp −$16	73.7 bp −$737	226.2 bp −$22.6K	644.8 bp −$322.4K
Sell Binance live order book, 6 min ago	0.42 bp	13.6 bp −$14	47.1 bp −$471	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
BloFin KITE-USDT	+0.0082%	4h	0.1199	−0.399%	$836K	$49K	10x	as long as short
Binance KITEUSDTshort	+0.0100%	4h	0.1205	+0.057%	$20.1M	$6.1M	10x
Bybit KITEUSDT	+0.0100%	4h	0.1202	−0.141%	$1.1M	$2.8M	25x	as long as short
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1201	−0.266%	$1.0M	$332K	10x	as long as short
MEXC KITE_USDTlong	+0.0100%	4h	0.1204	long leg	$728K	$294K	50x
KuCoin KITEUSDTM	+0.0100%	4h	0.1203	−0.116%	$412K	$63K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1203	−0.075%	$2.7M	$510K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1204	−0.017%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1199	−0.409%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1203	−0.116%	$1K	$1.3M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KITE-USD	+0.0104%	1h	0.1205	+0.030%	$17K	$83K	10x	as long as short
Aster KITEUSDT	+0.0395%	4h	0.1203	−0.075%	$8.3M	$96K	5x	as long as short
Gate KITE_USDT	+0.0448%	4h	0.1202	−0.158%	$556K	$247K	25x	as long as short