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: Bitget against Bybit+0.045%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$223as in the Price arb table

costs, in and out, $10k−$2302.300% of the position

Long on Bybit Short on Bitget

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)−0.074%−$7 · spread now +0.045%, 7d avg −0.023%

Together, before fees−0.074%−$7 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: Bitget is 0.067% dearer against Bybit than usual: you sell high and buy low, +$7 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	Bybit 1000CATUSDT	0.000002247	0.0100	pay 0.0050% / 4h	3h 43m	$240K	$132K	25x
Short	Bitget 1000CATUSDT	0.000002248	0.0100	get 0.0050% / 4h	3h 43m	$186K	$295K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.023%: $6.72
Slippage, 4 orders: −$207.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$223.3
Costs to cover: 2.300%
Break-even: never at this rate

Slippage from Bybit: live order book, 11 min ago; Bitget: live order book, 21 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 Bybit live order book, 11 min ago	6.70 bp	76.0 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 21 min ago	6.72 bp	37.3 bp −$37	197.8 bp −$1,978	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	0.000002249	+0.073%	$20K	$35K	5x	as long as short
Binance 1000CATUSDT	+0.0100%	4h	0.000002249	+0.088%	$1.5M	$2.0M	20x	as long as short
Bybit 1000CATUSDTlong	+0.0100%	4h	0.000002247	long leg	$240K	$132K	25x
MEXC CAT_USDT	+0.0100%	4h	0.000002248	+0.045%	$547K	$150K	100x	as long as short
KuCoin 10000CATUSDTM	+0.0100%	4h	0.000002250	+0.134%	$127K	$78K	20x	as long as short
Bitget 1000CATUSDTshort	+0.0100%	4h	0.000002248	+0.045%	$186K	$295K	10x
BingX 1000CAT-USDT	+0.0100%	4h	0.000002245	−0.089%	—	$1.3M	—	as long as short