Funding you earn now, next payment 08:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.26 per $10,000 · paid last 24h +0.073%
Price spread now: Bybit against Gate+0.244%7-day average +0.204% · you sell dearer than you buy
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$339as in the Price arb table
costs, in and out, $10k−$3433.431% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.244%, 7d avg +0.204%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.040% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.204%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate KAT_USDT | 0.004910 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $213K | $118K | 50x |
| Short | Bybit KATUSDT | 0.004922 | 0.0151 | get 0.0076% / 4h | 1h 08m | $825K | $358K | 25x |
Gate KAT_USDT
Bybit KATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $10.81
- Price spread: +0.244% → +0.204%
- $3.99
- Slippage, 4 orders
- −$317.1
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$328.3
- Costs to cover
- 3.431%
- Break-even
- 219.7 days
Slippage from Gate: live order book, 27 min ago; Bybit: live order book, 31 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, 27 min ago | 10.17 bp | 75.9 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 31 min ago | 3.06 bp | 102.1 bp −$102 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KATUSDT | +0.0100% | 4h | 0.004921 | +0.234% | $2.3M | $3.6M | 25x | as long as short |
| OKX KAT-USDT-SWAP | +0.0100% | 4h | 0.004914 | +0.081% | $842K | $1.3M | 20x | as long as short |
| Gate KAT_USDTlong | +0.0100% | 4h | 0.004910 | long leg | $213K | $118K | 50x | |
| MEXC KAT_USDT | +0.0100% | 4h | 0.004920 | +0.204% | $243K | $118K | 20x | as long as short |
| KuCoin KATUSDTM | +0.0100% | 4h | 0.004918 | +0.163% | $202K | $44K | 10x | as long as short |
| Bitget KATUSDT | +0.0100% | 4h | 0.004919 | +0.183% | $534K | $220K | 20x | as long as short |
| SunX KAT-USDT | +0.0100% | 4h | 0.004910 | 0.000% | $1K | $1.2M | 20x | as long as short |
| Extended KAT-USD | +0.0104% | 1h | 0.004920 | +0.196% | $5K | $196K | 5x | as long as short |
| BloFin KAT-USDT | +0.0111% | 4h | 0.004922 | +0.244% | $125K | $17K | 50x | as long as short |
| Katana Perps KAT-USD | +0.0130% | 8h | 0.004918 | +0.163% | $1K | $15K | 5x | as long as short |
Binance KATUSDT
OKX KAT-USDT-SWAP
MEXC KAT_USDT
KuCoin KATUSDTM
Bitget KATUSDT
SunX KAT-USDT
Extended KAT-USD
BloFin KAT-USDT
Katana Perps KAT-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit KATUSDTshort | +0.0151% | 4h | 0.004922 | +0.244% | $825K | $358K | 25x | |
| BingX KAT-USDT | +0.0166% | 4h | 0.004919 | +0.183% | — | $1.7M | — | as long as short |
| Aster KATUSDT | +0.0268% | 4h | 0.004922 | +0.244% | $24K | $32K | 5x | as long as short |
BingX KAT-USDT
Aster KATUSDT