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: Bybit against BingX+0.172%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$210as in the Price arb table

costs, in and out, $10k−$2252.253% of the position

Long on BingX Short on Bybit

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)−0.043%−$4 · spread now +0.172%, 7d avg +0.023%

Together, before fees−0.043%−$4 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: Bybit is 0.149% dearer against BingX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000CAT-USDT	0.000002215	0.0100	pay 0.0050% / 4h	1h 20m	—	$1.3M	—
Short	Bybit 1000CATUSDT	0.000002219	0.0100	get 0.0050% / 4h	1h 20m	$237K	$142K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now +0.172%Rate

Funding earned: $0
Price spread: +0.172% → +0.023%: $14.85
Slippage, 4 orders: −$204.34
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$210.49
Costs to cover: 2.253%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 25 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 BingX live order book, 11 min ago	6.77 bp	33.5 bp −$34	198.3 bp −$1,983	685.6 bp −$68.6K	doesn't fit
Sell Bybit live order book, 25 min ago	4.54 bp	67.2 bp −$67	280.6 bp −$2,806	doesn't fit	doesn't fit

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	0.000002219	+0.175%	$19K	$36K	5x	as long as short
Binance 1000CATUSDT	+0.0100%	4h	0.000002216	+0.024%	$1.5M	$2.1M	20x	as long as short
Bybit 1000CATUSDTshort	+0.0100%	4h	0.000002219	+0.172%	$237K	$142K	25x
MEXC CAT_USDT	+0.0100%	4h	0.000002217	+0.090%	$529K	$152K	100x	as long as short
KuCoin 10000CATUSDTM	+0.0100%	4h	0.000002220	+0.226%	$132K	$81K	20x	as long as short
Bitget 1000CATUSDT	+0.0100%	4h	0.000002218	+0.135%	$185K	$315K	10x	as long as short
BingX 1000CAT-USDTlong	+0.0100%	4h	0.000002215	long leg	—	$1.3M	—