Funding arb · Price arb /

KAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h −0.007%

Price spread now: Bitget against Katana Perps−0.082%7-day average — · you buy dearer than you sell

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

Long on Katana Perps Short on Bitget

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—needs both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bitget is 0.082% cheaper against Katana Perps than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps KAT-USD	0.004885	0.0114	pay 0.0114% / 8h	1h 52m	$1K	$2K	5x
Short	Bitget KATUSDT	0.004881	0.0100	get 0.0050% / 4h	1h 52m	$517K	$208K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Katana Perps. 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 Katana PerpsbpFee BitgetbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$2.93
Price spread: −0.082% → 0.000%: −$8.19
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$26.92
Costs to cover: 0.158%
Break-even: never at this rate

Slippage unknown: Katana Perps: no order-book sample; Bitget: live order book, 27 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 Katana Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 27 min ago	10.26 bp	30.8 bp −$31	181.6 bp −$1,816	doesn't fit	doesn't fit

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
OKX KAT-USDT-SWAP	+0.0100%	4h	0.004874	−0.225%	$842K	$1.4M	20x	as long as short
Gate KAT_USDT	+0.0100%	4h	0.004880	−0.102%	$216K	$119K	50x	as long as short
KuCoin KATUSDTM	+0.0100%	4h	0.004885	0.000%	$206K	$58K	10x	as long as short
Bitget KATUSDTshort	+0.0100%	4h	0.004881	−0.082%	$517K	$208K	20x
SunX KAT-USDT	+0.0100%	4h	0.004880	−0.102%	$1K	$1.0M	20x	as long as short
Katana Perps KAT-USDlong	+0.0114%	8h	0.004885	long leg	$1K	$2K	5x
BloFin KAT-USDT	+0.0121%	4h	0.004896	+0.225%	$128K	$17K	50x	as long as short
Binance KATUSDT	+0.0150%	4h	0.004879	−0.122%	$2.3M	$3.2M	25x	as long as short
Extended KAT-USD	+0.0152%	1h	0.004879	−0.124%	$5K	$157K	5x	as long as short
MEXC KAT_USDT	+0.0152%	4h	0.004880	−0.102%	$265K	$115K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KATUSDT	+0.0376%	4h	0.004888	+0.064%	$24K	$31K	5x	as long as short
BingX KAT-USDT	+0.0386%	4h	0.004878	−0.143%	—	$1.7M	—	as long as short
Bybit KATUSDT	+0.0473%	4h	0.004883	−0.041%	$815K	$308K	25x	as long as short