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 KuCoin−0.089%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$501as in the Funding arb table

Net, price: spread back to 7d avg − costs−$509as in the Price arb table

costs, in and out, $10k−$5035.026% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now −0.089%, 7d avg −0.022%

Together, before fees−0.016%−$2 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 0.067% cheaper against KuCoin than usual: you would sell low and buy high, −$7 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	KuCoin 10000CATUSDTM	0.000002246	0.0100	pay 0.0050% / 4h	3h 36m	$127K	$78K	20x
Short	MEXC CAT_USDT	0.000002244	0.0100	get 0.0050% / 4h	3h 36m	$546K	$150K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.022%: −$6.7
Slippage, 4 orders: −$486.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$509.25
Costs to cover: 5.026%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; MEXC: live order book, 28 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 KuCoin live order book, 7 min ago	17.77 bp	311.5 bp −$312	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 28 min ago	4.47 bp	17.0 bp −$17	95.8 bp −$958	217.1 bp −$21.7K	408.1 bp −$204.1K

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	0.000002246	−0.012%	$20K	$35K	5x	as long as short
Binance 1000CATUSDT	+0.0100%	4h	0.000002245	−0.045%	$1.5M	$2.0M	20x	as long as short
Bybit 1000CATUSDT	+0.0100%	4h	0.000002244	−0.107%	$239K	$133K	25x	as long as short
MEXC CAT_USDTshort	+0.0100%	4h	0.000002244	−0.089%	$546K	$150K	100x
KuCoin 10000CATUSDTMlong	+0.0100%	4h	0.000002246	long leg	$127K	$78K	20x
Bitget 1000CATUSDT	+0.0100%	4h	0.000002246	0.000%	$186K	$295K	10x	as long as short
BingX 1000CAT-USDT	+0.0100%	4h	0.000002243	−0.134%	—	$1.3M	—	as long as short