Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against BloFin+0.316%101s7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$760.762% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.360%−$36 · spread now +0.316%, 7d avg −0.007%
=The price spread pays, funding is against you. Binance is 0.323% dearer against BloFin than usual: you sell high and buy low (spread +0.316% now, against its 7-day average of −0.007%): +$32 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin KAT-USDT | 0.004878 | 0.0159 | pay 0.0080% / 4h | 1h 43m | $127K | $17K | 50x |
| Short | Binance KATUSDT | 0.004893 | 0.0110 | get 0.0055% / 4h | 1h 43m | $2.3M | $3.2M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$10.37
- Price spread: +0.316% → −0.007%
- $32.32
- Slippage, 4 orders
- −$54.2
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$54.25
- Costs to cover
- 0.762%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 29 min ago; Binance: live order book, 7 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 BloFin live order book, 29 min ago | 2.06 bp | 15.3 bp −$15 | 50.7 bp −$507 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.02 bp | 18.7 bp −$19 | 202.3 bp −$2,023 | 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 | 0.004890 | +0.246% | $843K | $1.4M | 20x | as long as short |
| Gate KAT_USDT | +0.0100% | 4h | 0.004880 | +0.041% | $216K | $119K | 50x | as long as short |
| KuCoin KATUSDTM | +0.0100% | 4h | 0.004888 | +0.205% | $206K | $58K | 10x | as long as short |
| Bitget KATUSDT | +0.0100% | 4h | 0.004890 | +0.246% | $517K | $208K | 20x | as long as short |
| SunX KAT-USDT | +0.0100% | 4h | 0.004890 | +0.246% | $1K | $1.0M | 20x | as long as short |
| Binance KATUSDTshort | +0.0110% | 4h | 0.004893 | +0.316% | $2.3M | $3.2M | 25x | |
| Extended KAT-USD | +0.0112% | 1h | 0.004892 | +0.296% | $5K | $157K | 5x | as long as short |
| Katana Perps KAT-USD | +0.0113% | 8h | 0.004879 | +0.021% | $1K | $2K | 5x | as long as short |
| MEXC KAT_USDT | +0.0114% | 4h | 0.004892 | +0.287% | $269K | $115K | 20x | as long as short |
| BloFin KAT-USDTlong | +0.0159% | 4h | 0.004878 | long leg | $127K | $17K | 50x |
Show all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit KATUSDT | +0.0305% | 4h | 0.004893 | +0.308% | $816K | $310K | 25x | as long as short |
| Aster KATUSDT | +0.0329% | 4h | 0.004893 | +0.308% | $24K | $31K | 5x | as long as short |
| BingX KAT-USDT | +0.0360% | 4h | 0.004892 | +0.287% | — | $1.7M | — | as long as short |
BloFin KAT-USDT
Binance KATUSDT
OKX KAT-USDT-SWAP
Gate KAT_USDT
KuCoin KATUSDTM
Bitget KATUSDT
SunX KAT-USDT
Extended KAT-USD
Katana Perps KAT-USD
MEXC KAT_USDT
Bybit KATUSDT
Aster KATUSDT
BingX KAT-USDT