Funding arb · Price arb /

CAT

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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: MEXC against Bitget0.000%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1181.180% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now 0.000%, 7d avg −0.038%

Together, before fees−0.101%−$10 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 0.038% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget 1000CATUSDT	0.000002224	0.0100	pay 0.0050% / 4h	31m 39s	$187K	$293K	10x
Short	MEXC CAT_USDT	0.000002224	0.0100	get 0.0050% / 4h	31m 39s	$518K	$145K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.038%: $3.76
Slippage, 4 orders: −$101.97
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$114.2
Costs to cover: 1.180%
Break-even: never at this rate

Slippage from Bitget: live order book, 38 min ago; MEXC: 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, 38 min ago	4.49 bp	49.9 bp −$50	568.6 bp −$5,686	doesn't fit	doesn't fit
Sell MEXC live order book, 38 min ago	2.24 bp	18.2 bp −$18	100.8 bp −$1,008	210.0 bp −$21.0K	402.0 bp −$201.0K

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	0.000002226	+0.105%	$20K	$35K	5x	as long as short
Binance 1000CATUSDT	+0.0100%	4h	0.000002225	+0.022%	$1.5M	$2.0M	20x	as long as short
Bybit 1000CATUSDT	+0.0100%	4h	0.000002224	−0.004%	$236K	$132K	25x	as long as short
MEXC CAT_USDTshort	+0.0100%	4h	0.000002224	0.000%	$518K	$145K	100x
KuCoin 10000CATUSDTM	+0.0100%	4h	0.000002229	+0.225%	$125K	$78K	20x	as long as short
Bitget 1000CATUSDTlong	+0.0100%	4h	0.000002224	long leg	$187K	$293K	10x
BingX 1000CAT-USDT	+0.0100%	4h	0.000002225	+0.045%	—	$1.3M	—	as long as short