Funding arb · Price arb /

KAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.004%

Price spread now: Extended against Gate+0.163%7-day average +0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$289as in the Funding arb table

Net, price: spread back to 7d avg − costs−$273as in the Price arb table

costs, in and out, $10k−$2782.775% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.163%, 7d avg +0.121%

Together, before fees−0.174%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.042% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.121%. Mind the row above: over the last 7 days funding on this pair cost −0.114%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KAT_USDT	0.004870	0.0100	pay 0.0050% / 4h	1h 49m	$215K	$119K	50x
Short	Extended KAT-USD	0.004878	0.0136	get 0.0017% / 1h	49m 48s	$5K	$157K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now +0.163%Rate

Funding earned: $7.56
Price spread: +0.163% → +0.121%: $4.18
Slippage, 4 orders: −$257.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$265.79
Costs to cover: 2.775%
Break-even: 253.1 days

Slippage from Gate: live order book, 26 min ago; Extended: 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, 26 min ago	10.28 bp	84.6 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 31 min ago	3.08 bp	71.9 bp −$72	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
OKX KAT-USDT-SWAP	+0.0100%	4h	0.004876	+0.123%	$842K	$1.4M	20x	as long as short
Gate KAT_USDTlong	+0.0100%	4h	0.004870	long leg	$215K	$119K	50x
KuCoin KATUSDTM	+0.0100%	4h	0.004877	+0.144%	$206K	$58K	10x	as long as short
Bitget KATUSDT	+0.0100%	4h	0.004879	+0.185%	$516K	$208K	20x	as long as short
SunX KAT-USDT	+0.0100%	4h	0.004870	0.000%	$1K	$1.0M	20x	as long as short
Katana Perps KAT-USD	+0.0114%	8h	0.004881	+0.226%	$1K	$2K	5x	as long as short
Binance KATUSDT	+0.0134%	4h	0.004879	+0.185%	$2.3M	$3.2M	25x	as long as short
Extended KAT-USDshort	+0.0136%	1h	0.004878	+0.163%	$5K	$157K	5x
MEXC KAT_USDT	+0.0140%	4h	0.004879	+0.185%	$269K	$115K	20x	as long as short
BloFin KAT-USDT	+0.0182%	4h	0.004896	+0.534%	$127K	$17K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KATUSDT	+0.0358%	4h	0.004879	+0.190%	$24K	$31K	5x	as long as short
Bybit KATUSDT	+0.0380%	4h	0.004880	+0.205%	$814K	$308K	25x	as long as short
BingX KAT-USDT	+0.0472%	4h	0.004877	+0.144%	—	$1.7M	—	as long as short