Funding arb · Price arb /

KAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.5% APRpaid last 24h −0.007%

Price spread now: Gate against Katana Perps−0.287%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 Gate

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 −$1 a day on $10k at the current rate, and Gate is 0.287% cheaper against Katana Perps than usual: you would sell low and buy high (−$29 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	0.004884	0.0122	pay 0.0122% / 8h	4h 28m	$1K	$15K	5x
Short	Gate KAT_USDT	0.004870	0.0100	get 0.0050% / 4h	28m 15s	$213K	$115K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.287%Rate

Funding earned: −$4.72
Price spread: −0.287% → 0.000%: −$28.67
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.18
Costs to cover: 0.188%
Break-even: never at this rate

Slippage unknown: Katana Perps: no order-book sample; Gate: live order book, 23 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 Gate live order book, 23 min ago	20.53 bp	52.4 bp −$52	doesn't fit	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	0.004876	−0.164%	$837K	$1.3M	20x	as long as short
Gate KAT_USDTshort	+0.0100%	4h	0.004870	−0.287%	$213K	$115K	50x
KuCoin KATUSDTM	+0.0100%	4h	0.004879	−0.102%	$202K	$55K	10x	as long as short
Bitget KATUSDT	+0.0100%	4h	0.004881	−0.061%	$532K	$223K	20x	as long as short
SunX KAT-USDT	+0.0100%	4h	0.004870	−0.287%	$2K	$1.1M	20x	as long as short
Katana Perps KAT-USDlong	+0.0122%	8h	0.004884	long leg	$1K	$15K	5x
BloFin KAT-USDT	+0.0303%	4h	0.004890	+0.123%	$127K	$14K	50x	as long as short
MEXC KAT_USDT	+0.0352%	4h	0.004881	−0.061%	$244K	$117K	20x	as long as short
Extended KAT-USD	+0.0360%	1h	0.004883	−0.012%	$7K	$100K	5x	as long as short
Binance KATUSDT	+0.0362%	4h	0.004883	−0.020%	$2.3M	$3.4M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KATUSDT	+0.0592%	4h	0.004879	−0.104%	$24K	$32K	5x	as long as short
BingX KAT-USDT	+0.0748%	4h	0.004881	−0.061%	—	$1.7M	—	as long as short
Bybit KATUSDT	+0.0860%	4h	0.004891	+0.143%	$812K	$348K	25x	as long as short