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: BingX against MEXC−0.180%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1041.038% of the position

Long on MEXC Short on BingX

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)+0.260%+$26 · spread now −0.180%, 7d avg +0.033%

Together, before fees+0.265%+$27 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: BingX is 0.214% cheaper against MEXC than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CAT_USDT	0.000002218	0.0100	pay 0.0050% / 4h	2h 05m	$531K	$153K	100x
Short	BingX 1000CAT-USDT	0.000002214	0.0100	get 0.0050% / 4h	2h 05m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.180%Rate

Funding earned: $0
Price spread: −0.180% → +0.033%: −$21.38
Slippage, 4 orders: −$89.81
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$125.19
Costs to cover: 1.038%
Break-even: never at this rate

Slippage from MEXC: live order book, 54 min ago; BingX: live order book, 8 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 MEXC live order book, 54 min ago	4.46 bp	14.6 bp −$15	99.9 bp −$999	190.9 bp −$19.1K	389.5 bp −$194.7K
Sell BingX live order book, 8 min ago	9.03 bp	41.4 bp −$41	146.2 bp −$1,462	699.5 bp −$70.0K	1077.6 bp −$538.8K

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	0.000002218	−0.022%	$19K	$36K	5x	as long as short
Binance 1000CATUSDT	+0.0100%	4h	0.000002218	0.000%	$1.5M	$2.1M	20x	as long as short
Bybit 1000CATUSDT	+0.0100%	4h	0.000002215	−0.131%	$235K	$138K	25x	as long as short
MEXC CAT_USDTlong	+0.0100%	4h	0.000002218	long leg	$531K	$153K	100x
KuCoin 10000CATUSDTM	+0.0100%	4h	0.000002217	−0.045%	$133K	$79K	20x	as long as short
Bitget 1000CATUSDT	+0.0100%	4h	0.000002219	+0.045%	$180K	$307K	10x	as long as short
BingX 1000CAT-USDTshort	+0.0100%	4h	0.000002214	−0.180%	—	$1.3M	—