Funding arb · Price arb /

KAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.007%

Price spread now: Katana Perps against KuCoin+0.205%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Katana Perps

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Katana Perps is 0.205% dearer against KuCoin than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KATUSDTM	0.004889	0.0100	pay 0.0050% / 4h	2h 51m	$202K	$54K	10x
Short	Katana Perps KAT-USD	0.004899	0.0131	get 0.0131% / 8h	2h 51m	$1K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against KuCoin. 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 KuCoinbpFee Katana PerpsbpOrdersPrice spread, now +0.205%Rate

Funding earned: $6.53
Price spread: +0.205% → 0.000%: $20.45
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $11.19
Costs to cover: 0.158%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 4 min ago; Katana Perps: no order-book sample. 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 KuCoin live order book, 4 min ago	43.92 bp	978.8 bp −$979	doesn't fit	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

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	0.004894	+0.102%	$838K	$1.3M	20x	as long as short
Gate KAT_USDT	+0.0100%	4h	0.004880	−0.184%	$213K	$116K	50x	as long as short
KuCoin KATUSDTMlong	+0.0100%	4h	0.004889	long leg	$202K	$54K	10x
Bitget KATUSDT	+0.0100%	4h	0.004895	+0.123%	$530K	$220K	20x	as long as short
SunX KAT-USDT	+0.0100%	4h	0.004890	+0.020%	$1K	$1.1M	20x	as long as short
Katana Perps KAT-USDshort	+0.0131%	8h	0.004899	+0.205%	$1K	$15K	5x
Binance KATUSDT	+0.0167%	4h	0.004901	+0.245%	$2.3M	$3.4M	25x	as long as short
Extended KAT-USD	+0.0168%	1h	0.004901	+0.236%	$5K	$202K	5x	as long as short
MEXC KAT_USDT	+0.0172%	4h	0.004901	+0.245%	$244K	$115K	20x	as long as short
BloFin KAT-USDT	+0.0187%	4h	0.004891	+0.041%	$125K	$15K	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	+0.0378%	4h	0.004889	+0.004%	$24K	$32K	5x	as long as short
BingX KAT-USDT	+0.0404%	4h	0.004902	+0.266%	—	$1.7M	—	as long as short
Bybit KATUSDT	+0.0416%	4h	0.004899	+0.205%	$816K	$341K	25x	as long as short