Funding arb · Price arb /

KAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.012%

Price spread now: SunX against Extended−0.258%7-day average −0.167% · you buy dearer than you sell

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

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.258%, 7d avg −0.167%

Together, before fees+0.165%+ Points / potential airdropExtended: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.091% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.167%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KAT-USD	0.004883	0.0192	pay 0.0024% / 1h	10m 50s	$6K	$97K	5x
Short	SunX KAT-USDT	0.004870	0.0100	get 0.0050% / 4h	3h 10m	$1K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.258%Rate

Funding earned: −$19.32
Price spread: −0.258% → −0.167%: −$9.13
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$41.45
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: no order-book sample; SunX: live order book, 2 min ago. 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 no order-book sample	—	—	—	—	—
Sell SunX live order book, 2 min ago	512.29 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Extended: 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
OKX KAT-USDT-SWAP	+0.0100%	4h	0.004877	−0.115%	$835K	$1.3M	20x	as long as short
Gate KAT_USDT	+0.0100%	4h	0.004870	−0.258%	$212K	$117K	50x	as long as short
KuCoin KATUSDTM	+0.0100%	4h	0.004878	−0.094%	$201K	$54K	10x	as long as short
Bitget KATUSDT	+0.0100%	4h	0.004881	−0.033%	$532K	$220K	20x	as long as short
SunX KAT-USDTshort	+0.0100%	4h	0.004870	−0.258%	$1K	$1.1M	20x
Bybit KATUSDT	+0.0110%	4h	0.004884	+0.029%	$814K	$338K	25x	as long as short
Katana Perps KAT-USD	+0.0132%	8h	0.004884	+0.029%	$1K	$15K	5x	as long as short
BloFin KAT-USDT	+0.0172%	4h	0.004885	+0.049%	$126K	$15K	50x	as long as short
Extended KAT-USDlong	+0.0192%	1h	0.004883	long leg	$6K	$97K	5x
MEXC KAT_USDT	+0.0194%	4h	0.004883	+0.008%	$243K	$117K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance KATUSDT	+0.0194%	4h	0.004882	−0.012%	$2.3M	$3.4M	25x	as long as short
BingX KAT-USDT	+0.0214%	4h	0.004884	+0.029%	—	$1.7M	—	as long as short
Aster KATUSDT	+0.0406%	4h	0.004885	+0.054%	$24K	$32K	5x	as long as short