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 Bitget+0.063%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$253as in the Funding arb table

Net, price: spread back to 7d avg − costs−$249as in the Price arb table

costs, in and out, $10k−$2532.534% of the position

Long on Bitget 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)+0.001%$0 · spread now +0.063%, 7d avg +0.022%

Together, before fees+0.001%$0 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 0.041% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000CATUSDT	0.000002212	0.0100	pay 0.0050% / 4h	2h 12m	$180K	$308K	10x
Short	Bybit 1000CATUSDT	0.000002213	0.0100	get 0.0050% / 4h	2h 12m	$235K	$138K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.022%: $4.11
Slippage, 4 orders: −$230.38
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$249.27
Costs to cover: 2.534%
Break-even: never at this rate

Slippage from Bitget: live order book, 48 min ago; Bybit: live order book, 38 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 Bitget live order book, 48 min ago	6.70 bp	59.6 bp −$60	662.7 bp −$6,627	doesn't fit	doesn't fit
Sell Bybit live order book, 38 min ago	4.48 bp	86.5 bp −$86	263.5 bp −$2,635	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	0.000002213	+0.045%	$19K	$36K	5x	as long as short
Binance 1000CATUSDT	+0.0100%	4h	0.000002212	0.000%	$1.5M	$2.1M	20x	as long as short
Bybit 1000CATUSDTshort	+0.0100%	4h	0.000002213	+0.063%	$235K	$138K	25x
MEXC CAT_USDT	+0.0100%	4h	0.000002211	−0.045%	$529K	$152K	100x	as long as short
KuCoin 10000CATUSDTM	+0.0100%	4h	0.000002215	+0.136%	$132K	$79K	20x	as long as short
Bitget 1000CATUSDTlong	+0.0100%	4h	0.000002212	long leg	$180K	$308K	10x
BingX 1000CAT-USDT	+0.0100%	4h	0.000002211	−0.045%	—	$1.3M	—	as long as short