Funding arb · Price arb /

KAT

all KAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: Binance against Bitget+0.072%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1081.076% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$10 on $10k

Price spread, last 4 days (all we have)+0.264%+$26 · spread now +0.072%, 7d avg +0.025%

Together, before fees+0.360%+$36 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 0.047% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KATUSDT	0.005070	0.0100	pay 0.0050% / 4h	3h 05m	$545K	$216K	20x
Short	Binance KATUSDT	0.005074	0.0100	get 0.0050% / 4h	3h 05m	$2.4M	$4.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.025%: $4.71
Slippage, 4 orders: −$85.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$102.86
Costs to cover: 1.076%
Break-even: never at this rate

Slippage from Bitget: live order book, 25 min ago; Binance: 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 Bitget live order book, 25 min ago	6.05 bp	27.2 bp −$27	588.8 bp −$5,888	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	1.97 bp	23.3 bp −$23	229.0 bp −$2,290	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
Aster KATUSDT	+0.0100%	4h	0.005079	+0.185%	$25K	$33K	5x	as long as short
Binance KATUSDTshort	+0.0100%	4h	0.005074	+0.072%	$2.4M	$4.0M	25x
Bybit KATUSDT	+0.0100%	4h	0.005071	+0.020%	$837K	$438K	25x	as long as short
OKX KAT-USDT-SWAP	+0.0100%	4h	0.005063	−0.138%	$888K	$1.6M	20x	as long as short
Gate KAT_USDT	+0.0100%	4h	0.005060	−0.197%	$217K	$101K	50x	as long as short
MEXC KAT_USDT	+0.0100%	4h	0.005072	+0.039%	$258K	$120K	20x	as long as short
KuCoin KATUSDTM	+0.0100%	4h	0.005068	−0.039%	$208K	$38K	10x	as long as short
Bitget KATUSDTlong	+0.0100%	4h	0.005070	long leg	$545K	$216K	20x
BingX KAT-USDT	+0.0100%	4h	0.005071	+0.020%	—	$1.7M	—	as long as short
SunX KAT-USDT	+0.0100%	4h	0.005070	0.000%	$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 KAT-USD	+0.0104%	1h	0.005070	−0.005%	$5K	$203K	5x	as long as short
Katana Perps KAT-USD	+0.0126%	8h	0.005076	+0.118%	$1K	$15K	5x	as long as short
BloFin KAT-USDT	+0.0134%	4h	0.005063	−0.138%	$131K	$17K	50x	as long as short