Funding you earn now, next payment 04:00 UTC−0.0407%/8h= −44.6% APRnext payment −$2.04 per $10,000 · paid last 24h −0.042%
Price spread now: MEXC against Bybit−0.082%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs−$231as in the Price arb table
costs, in and out, $10k−$2292.290% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 4 days (all we have)−0.222%−$22 · spread now −0.082%, 7d avg −0.061%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and MEXC is 0.021% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KATUSDT | 0.004891 | 0.0663 | pay 0.0332% / 4h | 1h 40m | $821K | $336K | 25x |
| Short | MEXC KAT_USDT | 0.004887 | 0.0256 | get 0.0128% / 4h | 1h 40m | $252K | $115K | 20x |
Bybit KATUSDT
MEXC KAT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$85.53
- Price spread: −0.082% → −0.061%
- −$2.05
- Slippage, 4 orders
- −$209.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$316.54
- Costs to cover
- 2.290%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 19 min ago; MEXC: live order book, 4 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, 19 min ago | 6.12 bp | 115.4 bp −$115 | 1821.5 bp −$18.2K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.05 bp | 10.8 bp −$11 | 36.2 bp −$362 | 198.8 bp −$19.9K | 759.6 bp −$379.8K |
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 | −0.061% | $838K | $1.3M | 20x | as long as short |
| Gate KAT_USDT | +0.0100% | 4h | 0.004880 | −0.225% | $213K | $114K | 50x | as long as short |
| KuCoin KATUSDTM | +0.0100% | 4h | 0.004883 | −0.164% | $202K | $55K | 10x | as long as short |
| Bitget KATUSDT | +0.0100% | 4h | 0.004889 | −0.041% | $534K | $222K | 20x | as long as short |
| SunX KAT-USDT | +0.0100% | 4h | 0.004870 | −0.429% | $1K | $1.1M | 20x | as long as short |
| Katana Perps KAT-USD | +0.0135% | 8h | 0.004887 | −0.082% | $1K | $2K | 5x | as long as short |
| BloFin KAT-USDT | +0.0239% | 4h | 0.004899 | +0.164% | $128K | $14K | 50x | as long as short |
| MEXC KAT_USDTshort | +0.0256% | 4h | 0.004887 | −0.082% | $252K | $115K | 20x | |
| Extended KAT-USD | +0.0264% | 1h | 0.004884 | −0.135% | $5K | $103K | 5x | as long as short |
| Binance KATUSDT | +0.0265% | 4h | 0.004888 | −0.054% | $2.3M | $3.4M | 25x | 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
Extended KAT-USD
Binance KATUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KATUSDT | +0.0510% | 4h | 0.004891 | −0.007% | $24K | $33K | 5x | as long as short |
| BingX KAT-USDT | +0.0634% | 4h | 0.004890 | −0.020% | — | $1.7M | — | as long as short |
| Bybit KATUSDTlong | +0.0663% | 4h | 0.004891 | long leg | $821K | $336K | 25x |
Aster KATUSDT
BingX KAT-USDT