Funding arb · Price arb /

KITE

all KITE markets

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 +0.010%

Price spread now: Binance against OKX+0.081%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1101.105% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days+0.066%+$7 · spread now +0.081%, 7d avg +0.121%

Together, before fees+0.104%+$10 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 0.039% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KITE-USDT-SWAP	0.1229	0.0100	pay 0.0050% / 4h	1h 56m	$1.1M	$452K	10x
Short	Binance KITEUSDT	0.1230	0.0100	get 0.0050% / 4h	1h 56m	$20.5M	$6.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.121%: −$3.95
Slippage, 4 orders: −$90.46
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$114.41
Costs to cover: 1.105%
Break-even: never at this rate

Slippage from OKX: live order book, just now; Binance: live order book, 15 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 OKX live order book, just now	6.92 bp	36.0 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.62 bp	22.6 bp −$23	58.8 bp −$588	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 KITEUSDTshort	+0.0100%	4h	0.1230	+0.081%	$20.5M	$6.5M	10x
OKX KITE-USDT-SWAPlong	+0.0100%	4h	0.1229	long leg	$1.1M	$452K	10x
MEXC KITE_USDT	+0.0100%	4h	0.1230	+0.090%	$894K	$259K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1228	−0.024%	$434K	$82K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1229	+0.033%	$2.8M	$784K	10x	as long as short
Variational Omni KITE	+0.0100%	4h	0.1232	+0.295%	$11K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1229	−0.008%	$1K	$1.4M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1229	+0.046%	$18K	$181K	10x	as long as short
BloFin KITE-USDT	+0.0137%	4h	0.1231	+0.187%	$855K	$51K	10x	as long as short
Bybit KITEUSDT	+0.0233%	4h	0.1227	−0.098%	$1.2M	$3.0M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KITE-USDT	+0.0274%	4h	0.1230	+0.065%	—	$6.5M	—	as long as short
Gate KITE_USDT	+0.0348%	4h	0.1229	+0.041%	$573K	$248K	25x	as long as short
Aster KITEUSDT	+0.0392%	4h	0.1228	−0.049%	$8.5M	$114K	5x	as long as short