Funding arb · Price arb /

KAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.007%

Price spread now: Katana Perps against OKX−0.099%7-day average — · you buy dearer than you sell

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

Long on OKX 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

Funding pays, the price is against you. Katana Perps is 0.099% cheaper against OKX than usual: you would sell low and buy high (spread −0.099% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 8.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KAT-USDT-SWAP	0.005048	0.0100	pay 0.0050% / 4h	3h 14m	$872K	$1.6M	20x
Short	Katana Perps KAT-USD	0.005043	0.0138	get 0.0138% / 8h	7h 14m	$1K	$15K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.099%Rate

Funding earned: $7.97
Price spread: −0.099% → 0.000%: −$9.9
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$15.73
Costs to cover: 0.138%
Break-even: 20.8 days

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	3.97 bp	24.9 bp −$25	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
BloFin KAT-USDT	+0.0086%	4h	0.005047	−0.020%	$130K	$18K	50x	as long as short
Aster KATUSDT	+0.0100%	4h	0.005055	+0.136%	$25K	$33K	5x	as long as short
Binance KATUSDT	+0.0100%	4h	0.005050	+0.040%	$2.4M	$4.0M	25x	as long as short
Bybit KATUSDT	+0.0100%	4h	0.005055	+0.139%	$817K	$428K	25x	as long as short
OKX KAT-USDT-SWAPlong	+0.0100%	4h	0.005048	long leg	$872K	$1.6M	20x
Gate KAT_USDT	+0.0100%	4h	0.005040	−0.158%	$216K	$100K	50x	as long as short
MEXC KAT_USDT	+0.0100%	4h	0.005052	+0.079%	$252K	$119K	20x	as long as short
KuCoin KATUSDTM	+0.0100%	4h	0.005041	−0.139%	$207K	$38K	10x	as long as short
Bitget KATUSDT	+0.0100%	4h	0.005050	+0.040%	$538K	$214K	20x	as long as short
BingX KAT-USDT	+0.0100%	4h	0.005050	+0.040%	—	$1.7M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX KAT-USDT	+0.0100%	4h	0.005040	−0.158%	$1K	$1.3M	20x	as long as short
Extended KAT-USD	+0.0104%	1h	0.005052	+0.073%	$5K	$203K	5x	as long as short
Katana Perps KAT-USDshort	+0.0138%	8h	0.005043	−0.099%	$1K	$15K	5x