Funding you earn now, next payment 04:00 UTC+0.0158%/8h= +17.3% APRnext payment +$0.79 per $10,000 · paid last 24h +0.042%
Price spread now: BingX against Gate+0.184%7-day average +0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1821.824% of the position
Funding, last 7 days+0.236%+$24 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.184%, 7d avg +0.159%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BingX is 0.025% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.159%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate KAT_USDT | 0.004890 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $215K | $115K | 50x |
| Short | BingX KAT-USDT | 0.004899 | 0.0258 | get 0.0129% / 4h | 3h 44m | — | $1.7M | — |
Gate KAT_USDT
BingX KAT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $33.18
- Price spread: +0.184% → +0.159%
- $2.48
- Slippage, 4 orders
- −$157.4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$146.74
- Costs to cover
- 1.824%
- Break-even
- 38.0 days
Slippage from Gate: live order book, 22 min ago; BingX: live order book, 8 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 Gate live order book, 22 min ago | 20.41 bp | 75.9 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 5.11 bp | 22.6 bp −$23 | 82.7 bp −$827 | 1053.9 bp −$105.4K | 1327.4 bp −$663.7K |
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 | +0.0048% | 4h | 0.004905 | +0.307% | $128K | $17K | 50x | as long as short |
| Binance KATUSDT | +0.0100% | 4h | 0.004902 | +0.237% | $2.3M | $3.3M | 25x | as long as short |
| OKX KAT-USDT-SWAP | +0.0100% | 4h | 0.004895 | +0.102% | $853K | $1.3M | 20x | as long as short |
| Gate KAT_USDTlong | +0.0100% | 4h | 0.004890 | long leg | $215K | $115K | 50x | |
| MEXC KAT_USDT | +0.0100% | 4h | 0.004901 | +0.225% | $270K | $115K | 20x | as long as short |
| KuCoin KATUSDTM | +0.0100% | 4h | 0.004908 | +0.368% | $203K | $57K | 10x | as long as short |
| Bitget KATUSDT | +0.0100% | 4h | 0.004901 | +0.225% | $540K | $223K | 20x | as long as short |
| SunX KAT-USDT | +0.0100% | 4h | 0.004890 | 0.000% | $2K | $1.1M | 20x | as long as short |
| Extended KAT-USD | +0.0104% | 1h | 0.004901 | +0.222% | $8K | $158K | 5x | as long as short |
| Katana Perps KAT-USD | +0.0128% | 8h | 0.004901 | +0.225% | $1K | $2K | 5x | as long as short |
BloFin KAT-USDT
Binance KATUSDT
OKX KAT-USDT-SWAP
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 | +0.0153% | 4h | 0.004910 | +0.403% | $24K | $33K | 5x | as long as short |
| BingX KAT-USDTshort | +0.0258% | 4h | 0.004899 | +0.184% | — | $1.7M | — | |
| Bybit KATUSDT | +0.0808% | 4h | 0.004904 | +0.286% | $821K | $320K | 25x | as long as short |
Aster KATUSDT
Bybit KATUSDT