Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.001%
Price spread now: BingX against Bybit−0.102%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$238as in the Funding arb table
Net, price: spread back to 7d avg − costs−$248as in the Price arb table
costs, in and out, $10k−$2422.418% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now −0.102%, 7d avg −0.039%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.063% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KATUSDT | 0.004879 | 0.0794 | pay 0.0397% / 4h | 52m 42s | $816K | $343K | 25x |
| Short | BingX KAT-USDT | 0.004874 | 0.0764 | get 0.0382% / 4h | 52m 42s | — | $1.6M | — |
Bybit KATUSDT
BingX KAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$6.39
- Price spread: −0.102% → −0.039%
- −$6.33
- Slippage, 4 orders
- −$220.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$254.52
- Costs to cover
- 2.418%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 9 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, 2 min ago | 7.16 bp | 109.7 bp −$110 | 1758.7 bp −$17.6K | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 5.13 bp | 22.7 bp −$23 | 81.5 bp −$815 | 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 | 0.004871 | −0.164% | $838K | $1.3M | 20x | as long as short |
| Gate KAT_USDT | +0.0100% | 4h | 0.004870 | −0.184% | $213K | $112K | 50x | as long as short |
| KuCoin KATUSDTM | +0.0100% | 4h | 0.004878 | −0.020% | $202K | $55K | 10x | as long as short |
| Bitget KATUSDT | +0.0100% | 4h | 0.004882 | +0.061% | $533K | $221K | 20x | as long as short |
| SunX KAT-USDT | +0.0100% | 4h | 0.004860 | −0.389% | $2K | $1.1M | 20x | as long as short |
| Katana Perps KAT-USD | +0.0126% | 8h | 0.004876 | −0.061% | $1K | $15K | 5x | as long as short |
| BloFin KAT-USDT | +0.0346% | 4h | 0.004884 | +0.102% | $129K | $14K | 50x | as long as short |
| Binance KATUSDT | +0.0375% | 4h | 0.004875 | −0.087% | $2.3M | $3.4M | 25x | as long as short |
| MEXC KAT_USDT | +0.0382% | 4h | 0.004875 | −0.082% | $251K | $114K | 20x | as long as short |
| Extended KAT-USD | +0.0384% | 1h | 0.004875 | −0.078% | $7K | $102K | 5x | as long as short |
OKX KAT-USDT-SWAP
Gate KAT_USDT
KuCoin KATUSDTM
Bitget KATUSDT
SunX KAT-USDT
Katana Perps KAT-USD
BloFin KAT-USDT
Binance KATUSDT
MEXC KAT_USDT
Extended KAT-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KATUSDT | +0.0594% | 4h | 0.004878 | −0.012% | $24K | $33K | 5x | as long as short |
| BingX KAT-USDTshort | +0.0764% | 4h | 0.004874 | −0.102% | — | $1.6M | — | |
| Bybit KATUSDTlong | +0.0794% | 4h | 0.004879 | long leg | $816K | $343K | 25x |
Aster KATUSDT