Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.005%
Price spread now: Bybit against BingX+0.082%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$230as in the Funding arb table
Net, price: spread back to 7d avg − costs−$222as in the Price arb table
costs, in and out, $10k−$2272.266% of the position
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.082%, 7d avg +0.040%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.042% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX KAT-USDT | 0.004878 | 0.0440 | pay 0.0220% / 4h | 2h 44m | — | $1.7M | — |
| Short | Bybit KATUSDT | 0.004882 | 0.0466 | get 0.0233% / 4h | 2h 44m | $813K | $342K | 25x |
BingX KAT-USDT
Bybit KATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.47
- Price spread: +0.082% → +0.040%
- $4.16
- Slippage, 4 orders
- −$205.6
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$216.97
- Costs to cover
- 2.266%
- Break-even
- 284.7 days
Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 1 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 BingX live order book, 8 min ago | 5.10 bp | 21.5 bp −$22 | 91.0 bp −$910 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 5.12 bp | 87.3 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
KAT 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX KAT-USDT-SWAP | +0.0100% | 4h | 0.004870 | −0.164% | $833K | $1.3M | 20x | as long as short |
| Gate KAT_USDT | +0.0100% | 4h | 0.004870 | −0.164% | $211K | $117K | 50x | as long as short |
| KuCoin KATUSDTM | +0.0100% | 4h | 0.004877 | −0.021% | $201K | $54K | 10x | as long as short |
| Bitget KATUSDT | +0.0100% | 4h | 0.004878 | 0.000% | $528K | $219K | 20x | as long as short |
| SunX KAT-USDT | +0.0100% | 4h | 0.004870 | −0.164% | $1K | $1.1M | 20x | as long as short |
| Katana Perps KAT-USD | +0.0133% | 8h | 0.004884 | +0.123% | $1K | $15K | 5x | as long as short |
| BloFin KAT-USDT | +0.0147% | 4h | 0.004881 | +0.062% | $126K | $15K | 50x | as long as short |
| MEXC KAT_USDT | +0.0166% | 4h | 0.004880 | +0.041% | $243K | $116K | 20x | as long as short |
| Binance KATUSDT | +0.0168% | 4h | 0.004876 | −0.041% | $2.3M | $3.5M | 25x | as long as short |
| Extended KAT-USD | +0.0168% | 1h | 0.004879 | +0.015% | $5K | $198K | 5x | as long as short |
OKX KAT-USDT-SWAP
Gate KAT_USDT
KuCoin KATUSDTM
Bitget KATUSDT
SunX KAT-USDT
Katana Perps KAT-USD
BloFin KAT-USDT
MEXC KAT_USDT
Binance KATUSDT
Extended KAT-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KATUSDT | +0.0376% | 4h | 0.004878 | 0.000% | $24K | $32K | 5x | as long as short |
| BingX KAT-USDTlong | +0.0440% | 4h | 0.004878 | long leg | — | $1.7M | — | |
| Bybit KATUSDTshort | +0.0466% | 4h | 0.004882 | +0.082% | $813K | $342K | 25x |
Aster KATUSDT