Funding arb · Price arb /

KITE

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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 Variational Omni+0.457%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

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: Bybit is 0.457% dearer against Variational Omni than usual: you sell high and buy low, +$46 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	Variational Omni KITE	0.1181	0.0100	pay 0.0050% / 4h	2h 26m	$10K	$13K	—
Short	Bybit KITEUSDT	0.1187	0.0100	get 0.0050% / 4h	2h 26m	$1.2M	$2.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.457%Rate

Funding earned: $0
Price spread: +0.457% → 0.000%: $45.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $34.74
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 1 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	2.53 bp	47.3 bp −$47	doesn't fit	doesn't fit	doesn't fit

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	0.1188	+0.534%	$19.8M	$5.9M	10x	as long as short
Bybit KITEUSDTshort	+0.0100%	4h	0.1187	+0.457%	$1.2M	$2.6M	25x
OKX KITE-USDT-SWAP	+0.0100%	4h	0.1182	+0.017%	$989K	$308K	10x	as long as short
MEXC KITE_USDT	+0.0100%	4h	0.1188	+0.534%	$735K	$254K	50x	as long as short
KuCoin KITEUSDTM	+0.0100%	4h	0.1187	+0.474%	$408K	$56K	10x	as long as short
Bitget KITEUSDT	+0.0100%	4h	0.1187	+0.449%	$2.6M	$387K	10x	as long as short
BingX KITE-USDT	+0.0100%	4h	0.1187	+0.491%	—	$6.5M	—	as long as short
Variational Omni KITElong	+0.0100%	4h	0.1181	long leg	$10K	$13K	—
SunX KITE-USDT	+0.0100%	4h	0.1187	+0.449%	$1K	$1.3M	20x	as long as short
Extended KITE-USD	+0.0104%	1h	0.1187	+0.522%	$16K	$150K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin KITE-USDT	+0.0125%	4h	0.1184	+0.229%	$821K	$58K	10x	as long as short
Aster KITEUSDT	+0.0269%	4h	0.1184	+0.244%	$8.2M	$112K	5x	as long as short
Gate KITE_USDT	+0.0322%	4h	0.1186	+0.381%	$535K	$228K	25x	as long as short