Funding arb · Price arb /

KAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0044%/8h= −4.9% APRpaid last 24h −0.005%

Price spread now: Katana Perps against MEXC−0.041%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Katana Perps is 0.041% cheaper against MEXC than usual: you would sell low and buy high (−$4 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	MEXC KAT_USDT	0.004875	0.0176	pay 0.0088% / 4h	3h 02m	$243K	$118K	20x
Short	Katana Perps KAT-USD	0.004873	0.0132	get 0.0132% / 8h	3h 02m	$1K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against MEXC. 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 MEXCbpFee Katana PerpsbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$9.34
Price spread: −0.041% → 0.000%: −$4.1
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$25.24
Costs to cover: 0.118%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 32 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 MEXC live order book, 32 min ago	1.02 bp	11.1 bp −$11	38.3 bp −$383	231.7 bp −$23.2K	664.8 bp −$332.4K
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	0.004866	−0.185%	$832K	$1.3M	20x	as long as short
Gate KAT_USDT	+0.0100%	4h	0.004870	−0.103%	$212K	$117K	50x	as long as short
KuCoin KATUSDTM	+0.0100%	4h	0.004878	+0.062%	$201K	$54K	10x	as long as short
Bitget KATUSDT	+0.0100%	4h	0.004874	−0.021%	$530K	$221K	20x	as long as short
SunX KAT-USDT	+0.0100%	4h	0.004860	−0.308%	$2K	$1.1M	20x	as long as short
Katana Perps KAT-USDshort	+0.0132%	8h	0.004873	−0.041%	$1K	$15K	5x
BloFin KAT-USDT	+0.0163%	4h	0.004874	−0.021%	$126K	$15K	50x	as long as short
Extended KAT-USD	+0.0168%	1h	0.004874	−0.025%	$5K	$169K	5x	as long as short
Binance KATUSDT	+0.0170%	4h	0.004875	0.000%	$2.3M	$3.4M	25x	as long as short
MEXC KAT_USDTlong	+0.0176%	4h	0.004875	long leg	$243K	$118K	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX KAT-USDT	+0.0176%	4h	0.004876	+0.021%	—	$1.7M	—	as long as short
Bybit KATUSDT	+0.0212%	4h	0.004875	0.000%	$812K	$340K	25x	as long as short
Aster KATUSDT	+0.0380%	4h	0.004878	+0.062%	$24K	$32K	5x	as long as short