Funding you earn now, next payment 00:00 UTC−0.0209%/8h= −22.9% APRnext payment −$1.04 per $10,000 · paid last 24h −0.044%
Price spread now: Binance against Bybit0.000%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$341as in the Funding arb table
Net, price: spread back to 7d avg − costs−$305as in the Price arb table
costs, in and out, $10k−$3103.096% of the position
Funding, last 7 days−0.319%−$32 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now 0.000%, 7d avg −0.048%
=The price spread pays, funding is against you. Binance is 0.048% dearer against Bybit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.048%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KATUSDT | 0.004893 | 0.0325 | pay 0.0162% / 4h | 1h 43m | $816K | $310K | 25x |
| Short | Binance KATUSDT | 0.004893 | 0.0116 | get 0.0058% / 4h | 1h 43m | $2.3M | $3.2M | 25x |
Bybit KATUSDT
Binance KATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$43.89
- Price spread: 0.000% → −0.048%
- $4.79
- Slippage, 4 orders
- −$288.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$348.7
- Costs to cover
- 3.096%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 36 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 Bybit live order book, 36 min ago | 7.18 bp | 128.0 bp −$128 | 1001.1 bp −$10.0K | 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 | 0.004888 | −0.102% | $842K | $1.4M | 20x | as long as short |
| Gate KAT_USDT | +0.0100% | 4h | 0.004880 | −0.266% | $216K | $119K | 50x | as long as short |
| KuCoin KATUSDTM | +0.0100% | 4h | 0.004888 | −0.102% | $206K | $58K | 10x | as long as short |
| Bitget KATUSDT | +0.0100% | 4h | 0.004890 | −0.061% | $517K | $208K | 20x | as long as short |
| SunX KAT-USDT | +0.0100% | 4h | 0.004890 | −0.061% | $1K | $1.0M | 20x | as long as short |
| Extended KAT-USD | +0.0112% | 1h | 0.004891 | −0.038% | $5K | $157K | 5x | as long as short |
| MEXC KAT_USDT | +0.0112% | 4h | 0.004892 | −0.020% | $269K | $115K | 20x | as long as short |
| Katana Perps KAT-USD | +0.0113% | 8h | 0.004896 | +0.061% | $1K | $2K | 5x | as long as short |
| Binance KATUSDTshort | +0.0116% | 4h | 0.004893 | 0.000% | $2.3M | $3.2M | 25x | |
| BloFin KAT-USDT | +0.0159% | 4h | 0.004878 | −0.307% | $127K | $17K | 50x | as long as short |
OKX KAT-USDT-SWAP
Gate KAT_USDT
KuCoin KATUSDTM
Bitget KATUSDT
SunX KAT-USDT
Extended KAT-USD
MEXC KAT_USDT
Katana Perps KAT-USD
BloFin KAT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit KATUSDTlong | +0.0325% | 4h | 0.004893 | long leg | $816K | $310K | 25x | |
| Aster KATUSDT | +0.0332% | 4h | 0.004893 | 0.000% | $24K | $31K | 5x | as long as short |
| BingX KAT-USDT | +0.0360% | 4h | 0.004891 | −0.041% | — | $1.7M | — | as long as short |
Aster KATUSDT
BingX KAT-USDT