Funding arb · Price arb /

KAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.6% APRpaid last 24h −0.007%

Price spread now: Katana Perps against Extended−0.195%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Katana Perps is 0.195% cheaper against Extended than usual: you would sell low and buy high (spread −0.195% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 28 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KAT-USD	0.004955	0.0104	pay 0.0013% / 1h	0m 18s	$6K	$194K	5x
Short	Katana Perps KAT-USD	0.004945	0.0127	get 0.0127% / 8h	0m 18s	$1K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Katana PerpsbpOrdersPrice spread, now −0.195%Rate

Funding earned: $4.92
Price spread: −0.195% → 0.000%: −$19.48
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$23.36
Costs to cover: 0.088%
Break-even: 40.2 days

Slippage unknown: Extended: live order book, 58 min ago; Katana Perps: no order-book sample. Net counts fees only.

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, 58 min ago	3.05 bp	52.9 bp −$53	496.8 bp −$4,968	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0057%	4h	0.004960	+0.108%	$129K	$17K	50x	as long as short
Binance KATUSDT	+0.0100%	4h	0.004954	−0.013%	$2.4M	$4.0M	25x	as long as short
Bybit KATUSDT	+0.0100%	4h	0.004958	+0.068%	$810K	$413K	25x	as long as short
OKX KAT-USDT-SWAP	+0.0100%	4h	0.004951	−0.074%	$832K	$1.5M	20x	as long as short
Gate KAT_USDT	+0.0100%	4h	0.004940	−0.296%	$213K	$126K	50x	as long as short
MEXC KAT_USDT	+0.0100%	4h	0.004954	−0.013%	$245K	$123K	20x	as long as short
KuCoin KATUSDTM	+0.0100%	4h	0.004949	−0.114%	$203K	$43K	10x	as long as short
Bitget KATUSDT	+0.0100%	4h	0.004952	−0.053%	$528K	$229K	20x	as long as short
BingX KAT-USDT	+0.0100%	4h	0.004954	−0.013%	—	$1.7M	—	as long as short
SunX KAT-USDT	+0.0100%	4h	0.004950	−0.094%	$1K	$1.3M	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	0.004955	long leg	$6K	$194K	5x
Katana Perps KAT-USDshort	+0.0127%	8h	0.004945	−0.195%	$1K	$16K	5x
Aster KATUSDT	+0.0134%	4h	0.004957	+0.057%	$24K	$34K	5x	as long as short