Funding arb · Price arb /

KAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX+0.102%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1221.222% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.102%, 7d avg +0.045%

Together, before fees−0.328%−$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.058% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KAT-USDT-SWAP	0.004890	0.0100	pay 0.0050% / 4h	33m 23s	$852K	$1.4M	20x
Short	Bitget KATUSDT	0.004895	0.0100	get 0.0050% / 4h	33m 23s	$539K	$221K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → +0.045%: $5.75
Slippage, 4 orders: −$100.23
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$116.47
Costs to cover: 1.222%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 41 min ago.

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 OKX live order book, 3 min ago	1.02 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 41 min ago	3.07 bp	41.9 bp −$42	165.5 bp −$1,655	doesn't fit	doesn't fit

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
BloFin KAT-USDT	+0.0055%	4h	0.004897	+0.143%	$128K	$18K	50x	as long as short
Binance KATUSDT	+0.0100%	4h	0.004895	+0.110%	$2.3M	$3.3M	25x	as long as short
Bybit KATUSDT	+0.0100%	4h	0.004894	+0.082%	$821K	$319K	25x	as long as short
OKX KAT-USDT-SWAPlong	+0.0100%	4h	0.004890	long leg	$852K	$1.4M	20x
Gate KAT_USDT	+0.0100%	4h	0.004890	0.000%	$216K	$118K	50x	as long as short
MEXC KAT_USDT	+0.0100%	4h	0.004895	+0.102%	$271K	$116K	20x	as long as short
KuCoin KATUSDTM	+0.0100%	4h	0.004896	+0.123%	$203K	$57K	10x	as long as short
Bitget KATUSDTshort	+0.0100%	4h	0.004895	+0.102%	$539K	$221K	20x
BingX KAT-USDT	+0.0100%	4h	0.004895	+0.102%	—	$1.7M	—	as long as short
SunX KAT-USDT	+0.0100%	4h	0.004890	0.000%	$1K	$1.1M	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KAT-USD	+0.0104%	1h	0.004894	+0.091%	$5K	$157K	5x	as long as short
Katana Perps KAT-USD	+0.0112%	8h	0.004898	+0.164%	$1K	$2K	5x	as long as short
Aster KATUSDT	+0.0186%	4h	0.004897	+0.145%	$24K	$32K	5x	as long as short