Funding arb · Price arb /

KITE

all KITE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Bybit against OKX+0.169%7-day average +0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1781.776% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.169%, 7d avg +0.125%

Together, before fees−0.062%−$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 0.044% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KITE-USDT-SWAP	0.1187	0.0100	pay 0.0050% / 4h	1h 18m	$996K	$301K	10x
Short	Bybit KITEUSDT	0.1189	0.0100	get 0.0050% / 4h	1h 18m	$1.1M	$2.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → +0.125%: $4.4
Slippage, 4 orders: −$156.61
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$173.21
Costs to cover: 1.776%
Break-even: never at this rate

Slippage from OKX: live order book, 63 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 OKX live order book, 63 min ago	2.53 bp	35.3 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.78 bp	53.9 bp −$54	717.1 bp −$7,171	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	+0.0055%	4h	0.1188	+0.110%	$820K	$58K	10x	as long as short
Binance KITEUSDT	+0.0100%	4h	0.1189	+0.153%	$19.8M	$5.8M	10x	as long as short
Bybit KITEUSDTshort	+0.0100%	4h	0.1189	+0.169%	$1.1M	$2.5M	25x
OKX KITE-USDT-SWAPlong	+0.0100%	4h	0.1187	long leg	$996K	$301K	10x
MEXC KITE_USDT	+0.0100%	4h	0.1189	+0.152%	$736K	$250K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1188	+0.126%	$407K	$58K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1190	+0.286%	$2.6M	$397K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1189	+0.160%	—	$6.5M	—	as long as short
Variational Omni KITE	+0.0100%	4h	0.1189	+0.156%	$10K	$13K	—	as long as short
SunX KITE-USDT	+0.0100%	4h	0.1188	+0.076%	$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	0.1188	+0.134%	$16K	$150K	10x	as long as short
Aster KITEUSDT	+0.0254%	4h	0.1190	+0.238%	$8.2M	$101K	5x	as long as short
Gate KITE_USDT	+0.0330%	4h	0.1189	+0.202%	$536K	$228K	25x	as long as short