Funding arb · Price arb /

KAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.039%

Price spread now: Bybit against Extended+0.041%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$3163.163% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.312%+$31 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now +0.041%, 7d avg +0.082%

Together, before fees+0.464%+ Points / potential airdropExtended: Active · farm board+$46 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.041% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KAT-USD	0.004916	0.0104	pay 0.0013% / 1h	58m 46s	$5K	$157K	5x
Short	Bybit KATUSDT	0.004918	0.0100	get 0.0050% / 4h	58m 46s	$824K	$312K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee BybitbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$0.84
Price spread: +0.041% → +0.082%: −$4.07
Slippage, 4 orders: −$300.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$321.25
Costs to cover: 3.163%
Break-even: never at this rate

Slippage from Extended: live order book, 17 min ago; Bybit: live order book, 16 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 Extended live order book, 17 min ago	3.07 bp	50.7 bp −$51	521.6 bp −$5,216	doesn't fit	doesn't fit
Sell Bybit live order book, 16 min ago	3.07 bp	94.2 bp −$94	doesn't fit	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
BloFin KAT-USDT	+0.0077%	4h	0.004914	−0.040%	$127K	$17K	50x	as long as short
Binance KATUSDT	+0.0100%	4h	0.004917	+0.021%	$2.3M	$3.2M	25x	as long as short
Bybit KATUSDTshort	+0.0100%	4h	0.004918	+0.041%	$824K	$312K	25x
OKX KAT-USDT-SWAP	+0.0100%	4h	0.004910	−0.122%	$851K	$1.4M	20x	as long as short
Gate KAT_USDT	+0.0100%	4h	0.004900	−0.325%	$217K	$117K	50x	as long as short
MEXC KAT_USDT	+0.0100%	4h	0.004917	+0.021%	$271K	$114K	20x	as long as short
KuCoin KATUSDTM	+0.0100%	4h	0.004917	+0.021%	$204K	$57K	10x	as long as short
Bitget KATUSDT	+0.0100%	4h	0.004915	−0.020%	$542K	$221K	20x	as long as short
BingX KAT-USDT	+0.0100%	4h	0.004914	−0.040%	—	$1.7M	—	as long as short
SunX KAT-USDT	+0.0100%	4h	0.004900	−0.325%	$2K	$1.0M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KAT-USDlong	+0.0104%	1h	0.004916	long leg	$5K	$157K	5x
Katana Perps KAT-USD	+0.0112%	8h	0.004914	−0.040%	$1K	$2K	5x	as long as short
Aster KATUSDT	+0.0253%	4h	0.004908	−0.159%	$24K	$31K	5x	as long as short