Funding arb · Price arb /

CATI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against BingX−0.060%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1251.250% of the position

Long on BingX 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)+0.124%+$12 · spread now −0.060%, 7d avg +0.058%

Together, before fees+0.124%+$12 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 0.118% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CATI-USDT	0.06612	0.0100	pay 0.0050% / 4h	3h 05m	—	$6.6M	—
Short	Bitget CATIUSDT	0.06608	0.0100	get 0.0050% / 4h	3h 05m	$361K	$86K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → +0.058%: −$11.8
Slippage, 4 orders: −$103.04
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$136.85
Costs to cover: 1.250%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Bitget: live order book, 20 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 BingX live order book, 7 min ago	2.27 bp	29.8 bp −$30	186.1 bp −$1,861	677.3 bp −$67.7K	940.8 bp −$470.4K
Sell Bitget live order book, 20 min ago	6.83 bp	42.0 bp −$42	167.8 bp −$1,678	doesn't fit	doesn't fit

CATI on 10 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
Binance CATIUSDT	+0.0100%	4h	0.06617	+0.075%	$3.6M	$2.1M	50x	as long as short
Bybit CATIUSDT	+0.0100%	4h	0.06605	−0.106%	$988K	$365K	25x	as long as short
Gate CATI_USDT	+0.0100%	4h	0.06607	−0.076%	$69K	$64K	25x	as long as short
MEXC CATI_USDT	+0.0100%	4h	0.06616	+0.060%	$526K	$269K	100x	as long as short
KuCoin CATIUSDTM	+0.0100%	4h	0.06608	−0.060%	$226K	$34K	30x	as long as short
Bitget CATIUSDTshort	+0.0100%	4h	0.06608	−0.060%	$361K	$86K	50x
BingX CATI-USDTlong	+0.0100%	4h	0.06612	long leg	—	$6.6M	—
Variational Omni CATI	+0.0100%	4h	0.06605	−0.107%	$645	$3	—	as long as short
BloFin CATI-USDT	+0.0120%	4h	0.06617	+0.076%	$228K	$42K	50x	as long as short
Kraken Futures PF_CATIUSD	+0.0227%	1h	0.06609	−0.047%	$7K	$11K	10x	as long as short