Funding arb · Price arb /

KAT

all KAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h −0.041%

Price spread now: Extended against BingX+0.030%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1831.829% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.349%−$35 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.030%, 7d avg −0.039%

Together, before fees−0.413%+ Points / potential airdropExtended: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.069% dearer against BingX than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.039%): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.349% in total) that is about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KAT-USDT	0.004877	0.0472	pay 0.0236% / 4h	1h 49m	—	$1.7M	—
Short	Extended KAT-USD	0.004878	0.0136	get 0.0017% / 1h	49m 40s	$5K	$157K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$70.56
Price spread: +0.030% → −0.039%: $6.87
Slippage, 4 orders: −$167.89
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$246.58
Costs to cover: 1.829%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Extended: live order book, 31 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, 12 min ago	6.18 bp	20.0 bp −$20	80.0 bp −$800	doesn't fit	doesn't fit
Sell Extended live order book, 31 min ago	3.08 bp	71.9 bp −$72	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	0.004876	−0.021%	$842K	$1.4M	20x	as long as short
Gate KAT_USDT	+0.0100%	4h	0.004870	−0.144%	$215K	$119K	50x	as long as short
KuCoin KATUSDTM	+0.0100%	4h	0.004877	0.000%	$206K	$58K	10x	as long as short
Bitget KATUSDT	+0.0100%	4h	0.004879	+0.041%	$516K	$208K	20x	as long as short
SunX KAT-USDT	+0.0100%	4h	0.004870	−0.144%	$1K	$1.0M	20x	as long as short
Katana Perps KAT-USD	+0.0114%	8h	0.004881	+0.082%	$1K	$2K	5x	as long as short
Binance KATUSDT	+0.0126%	4h	0.004879	+0.044%	$2.3M	$3.2M	25x	as long as short
MEXC KAT_USDT	+0.0132%	4h	0.004879	+0.041%	$269K	$115K	20x	as long as short
Extended KAT-USDshort	+0.0136%	1h	0.004878	+0.030%	$5K	$157K	5x
BloFin KAT-USDT	+0.0182%	4h	0.004896	+0.390%	$127K	$17K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KATUSDT	+0.0349%	4h	0.004879	+0.051%	$24K	$31K	5x	as long as short
Bybit KATUSDT	+0.0380%	4h	0.004880	+0.062%	$814K	$308K	25x	as long as short
BingX KAT-USDTlong	+0.0472%	4h	0.004877	long leg	—	$1.7M	—