Funding you earn now, next payment 04:00 UTC−0.0531%/8h= −58.1% APRnext payment −$2.65 per $10,000 · paid last 24h −0.039%
Price spread now: BloFin against Bybit−0.122%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$303as in the Funding arb table
Net, price: spread back to 7d avg − costs−$280as in the Price arb table
costs, in and out, $10k−$2712.708% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.122%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and BloFin is 0.087% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.321% in total (about -16.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.65 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KATUSDT | 0.004920 | 0.0673 | pay 0.0336% / 4h | 3h 14m | $826K | $323K | 25x |
| Short | BloFin KAT-USDT | 0.004914 | 0.0142 | get 0.0071% / 4h | 3h 14m | $128K | $16K | 50x |
Bybit KATUSDT
BloFin KAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$111.45
- Price spread: −0.122% → −0.035%
- −$8.72
- Slippage, 4 orders
- −$247.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$391.01
- Costs to cover
- 2.708%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 55 min ago; BloFin: live order book, 41 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, 55 min ago | 6.12 bp | 131.3 bp −$131 | 1821.8 bp −$18.2K | doesn't fit | doesn't fit |
| Sell BloFin live order book, 41 min ago | 2.04 bp | 13.8 bp −$14 | 58.2 bp −$582 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KATUSDT | +0.0100% | 4h | 0.004921 | +0.020% | $2.3M | $3.3M | 25x | as long as short |
| OKX KAT-USDT-SWAP | +0.0100% | 4h | 0.004916 | −0.081% | $850K | $1.3M | 20x | as long as short |
| Gate KAT_USDT | +0.0100% | 4h | 0.004900 | −0.407% | $216K | $115K | 50x | as long as short |
| MEXC KAT_USDT | +0.0100% | 4h | 0.004921 | +0.020% | $266K | $118K | 20x | as long as short |
| KuCoin KATUSDTM | +0.0100% | 4h | 0.004907 | −0.264% | $203K | $57K | 10x | as long as short |
| Bitget KATUSDT | +0.0100% | 4h | 0.004922 | +0.041% | $541K | $222K | 20x | as long as short |
| SunX KAT-USDT | +0.0100% | 4h | 0.004910 | −0.203% | $1K | $1.1M | 20x | as long as short |
| Extended KAT-USD | +0.0104% | 1h | 0.004920 | −0.001% | $5K | $105K | 5x | as long as short |
| Katana Perps KAT-USD | +0.0114% | 8h | 0.004892 | −0.569% | $1K | $2K | 5x | as long as short |
| BloFin KAT-USDTshort | +0.0142% | 4h | 0.004914 | −0.122% | $128K | $16K | 50x |
Binance KATUSDT
OKX KAT-USDT-SWAP
Gate KAT_USDT
MEXC KAT_USDT
KuCoin KATUSDTM
Bitget KATUSDT
SunX KAT-USDT
Extended KAT-USD
Katana Perps KAT-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KATUSDT | +0.0214% | 4h | 0.004908 | −0.246% | $24K | $33K | 5x | as long as short |
| BingX KAT-USDT | +0.0604% | 4h | 0.004920 | 0.000% | — | $1.7M | — | as long as short |
| Bybit KATUSDTlong | +0.0673% | 4h | 0.004920 | long leg | $826K | $323K | 25x |
Aster KATUSDT
BingX KAT-USDT