Settings8H · net · $10k
Funding arb · Price arb /

KAT

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SwapBacktest
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 0.000%
Price spread now: OKX against Bitget−0.124%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1151.151% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.134%+$13 on $10k
Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.124%, 7d avg −0.044%
Together, before fees+0.388%+$39 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: OKX is 0.080% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget KATUSDT0.0048520.0100pay 0.0050% / 4h2h 39m$510K$205K20x
ShortOKX KAT-USDT-SWAP0.0048460.0100get 0.0050% / 4h2h 39m$841K$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: −0.124% → −0.044%
−$7.99
Slippage, 4 orders
−$93.08
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$123.06
Costs to cover
1.151%
Break-even
never at this rate
Slippage from Bitget: live order book, 45 min ago; OKX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 45 min ago4.11 bp31.8 bp −$32170.9 bp −$1,709doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago2.06 bp28.9 bp −$29doesn't fitdoesn't fitdoesn't fit

KAT on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit KATUSDT+0.0100%4h0.0048520.000%$806K$302K25xas long as short
OKX KAT-USDT-SWAPshort+0.0100%4h0.004846−0.124%$841K$1.4M20x
Gate KAT_USDT+0.0100%4h0.004840−0.247%$213K$123K50xas long as short
KuCoin KATUSDTM+0.0100%4h0.004844−0.165%$201K$56K10xas long as short
Bitget KATUSDTlong+0.0100%4h0.004852long leg$510K$205K20x
SunX KAT-USDT+0.0100%4h0.004840−0.247%$2K$1.0M20xas long as short
Katana Perps KAT-USD+0.0112%8h0.004853+0.021%$1K$2K5xas long as short
BloFin KAT-USDT+0.0140%4h0.004855+0.062%$128K$16K50xas long as short
Extended KAT-USD+0.0192%1h0.004849−0.054%$5K$157K5xas long as short
MEXC KAT_USDT+0.0194%4h0.004849−0.062%$266K$115K20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance KATUSDT+0.0195%4h0.004850−0.048%$2.3M$3.2M25xas long as short
BingX KAT-USDT+0.0216%4h0.004850−0.041%$1.7Mas long as short
Aster KATUSDT+0.0390%4h0.004851−0.025%$24K$31K5xas long as short