Funding arb · Price arb /

CAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance+0.045%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1101.095% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now +0.045%, 7d avg −0.016%

Together, before fees+0.164%+$16 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: MEXC is 0.061% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000CATUSDT	0.000002207	0.0100	pay 0.0050% / 4h	1h 41m	$1.5M	$2.1M	20x
Short	MEXC CAT_USDT	0.000002208	0.0100	get 0.0050% / 4h	1h 41m	$529K	$151K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.016%: $6.13
Slippage, 4 orders: −$95.52
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$103.39
Costs to cover: 1.095%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; MEXC: live order book, 13 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 Binance live order book, 7 min ago	4.53 bp	36.7 bp −$37	235.5 bp −$2,355	doesn't fit	doesn't fit
Sell MEXC live order book, 13 min ago	4.52 bp	13.9 bp −$14	88.4 bp −$884	172.4 bp −$17.2K	378.5 bp −$189.3K

CAT on 7 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
Aster 1000CATUSDT	+0.0100%	4h	0.000002208	+0.045%	$19K	$36K	5x	as long as short
Binance 1000CATUSDTlong	+0.0100%	4h	0.000002207	long leg	$1.5M	$2.1M	20x
Bybit 1000CATUSDT	+0.0100%	4h	0.000002207	0.000%	$235K	$142K	25x	as long as short
MEXC CAT_USDTshort	+0.0100%	4h	0.000002208	+0.045%	$529K	$151K	100x
KuCoin 10000CATUSDTM	+0.0100%	4h	0.000002210	+0.136%	$132K	$79K	20x	as long as short
Bitget 1000CATUSDT	+0.0100%	4h	0.000002205	−0.091%	$184K	$315K	10x	as long as short
BingX 1000CAT-USDT	+0.0100%	4h	0.000002208	+0.045%	—	$1.3M	—	as long as short