Funding arb · Price arb /

KITE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Bybit against MEXC+0.032%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1291.293% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.032%, 7d avg −0.023%

Together, before fees−0.027%−$3 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 0.055% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KITE_USDT	0.1251	0.0100	pay 0.0050% / 4h	20m 26s	$929K	$277K	50x
Short	Bybit KITEUSDT	0.1252	0.0100	get 0.0050% / 4h	20m 26s	$1.3M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.023%: $5.47
Slippage, 4 orders: −$110.26
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$123.78
Costs to cover: 1.293%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; Bybit: live order book, 2 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, 10 min ago	0.80 bp	8.3 bp −$8	36.9 bp −$369	240.9 bp −$24.1K	789.6 bp −$394.8K
Sell Bybit live order book, 2 min ago	5.18 bp	56.0 bp −$56	869.8 bp −$8,698	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	+0.0047%	4h	0.1256	+0.392%	$885K	$52K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1252	+0.019%	$21.1M	$7.4M	10x	as long as short
Bybit KITEUSDTshort	+0.0100%	4h	0.1252	+0.032%	$1.3M	$3.4M	25x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1249	−0.216%	$1.1M	$613K	10x	as long as short
MEXC KITE_USDTlong	+0.0100%	4h	0.1251	long leg	$929K	$277K	50x
KuCoin KITEUSDTM	+0.0100%	4h	0.1253	+0.104%	$415K	$102K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1251	−0.016%	$2.7M	$876K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1251	−0.024%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1252	+0.086%	$11K	$10K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1251	−0.048%	$2K	$1.6M	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	0.1251	−0.005%	$20K	$186K	10x	as long as short
Aster KITEUSDT	+0.0398%	4h	0.1253	+0.158%	$8.7M	$129K	5x	as long as short
Gate KITE_USDT	+0.0464%	4h	0.1254	+0.224%	$580K	$279K	25x	as long as short