Funding arb · Price arb /

KAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.007%

Price spread now: SunX against Katana Perps−0.183%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 SunX

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 SunX is 0.183% cheaper against Katana Perps than usual: you would sell low and buy high (−$18 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	0.004929	0.0119	pay 0.0119% / 8h	7h 06m	$1K	$2K	5x
Short	SunX KAT-USDT	0.004920	0.0100	get 0.0050% / 4h	3h 06m	$2K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.183%Rate

Funding earned: −$3.95
Price spread: −0.183% → 0.000%: −$18.26
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$34.01
Costs to cover: 0.118%
Break-even: never at this rate

Slippage unknown: Katana Perps: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago	508.13 bp	doesn't fit	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
Binance KATUSDT	+0.0100%	4h	0.004927	−0.041%	$2.3M	$3.3M	25x	as long as short
OKX KAT-USDT-SWAP	+0.0100%	4h	0.004921	−0.162%	$851K	$1.3M	20x	as long as short
Gate KAT_USDT	+0.0100%	4h	0.004910	−0.385%	$216K	$115K	50x	as long as short
MEXC KAT_USDT	+0.0100%	4h	0.004929	0.000%	$266K	$118K	20x	as long as short
KuCoin KATUSDTM	+0.0100%	4h	0.004929	0.000%	$204K	$57K	10x	as long as short
Bitget KATUSDT	+0.0100%	4h	0.004930	+0.020%	$541K	$222K	20x	as long as short
SunX KAT-USDTshort	+0.0100%	4h	0.004920	−0.183%	$2K	$1.1M	20x
Extended KAT-USD	+0.0104%	1h	0.004929	−0.007%	$5K	$105K	5x	as long as short
Katana Perps KAT-USDlong	+0.0119%	8h	0.004929	long leg	$1K	$2K	5x
BloFin KAT-USDT	+0.0160%	4h	0.004932	+0.061%	$128K	$16K	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	+0.0311%	4h	0.004920	−0.186%	$24K	$33K	5x	as long as short
BingX KAT-USDT	+0.0918%	4h	0.004929	0.000%	—	$1.7M	—	as long as short
Bybit KATUSDT	+0.0949%	4h	0.004930	+0.020%	$828K	$323K	25x	as long as short