Funding arb · Price arb /

CATI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget−0.104%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1291.292% of the position

Long on Bitget Short on BingX

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)+0.019%+$2 · spread now −0.104%, 7d avg −0.057%

Together, before fees+0.019%+$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: BingX is 0.047% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CATIUSDT	0.06717	0.0100	pay 0.0050% / 4h	3h 33m	$368K	$81K	50x
Short	BingX CATI-USDT	0.06710	0.0100	get 0.0050% / 4h	3h 33m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.057%: −$4.7
Slippage, 4 orders: −$107.22
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$133.92
Costs to cover: 1.292%
Break-even: never at this rate

Slippage from Bitget: live order book, 12 min ago; BingX: live order book, 2 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, 12 min ago	8.17 bp	41.4 bp −$41	223.0 bp −$2,230	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.23 bp	33.2 bp −$33	132.7 bp −$1,327	616.1 bp −$61.6K	827.5 bp −$413.8K

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
Kraken Futures PF_CATIUSD	−0.0448%	1h	0.06699	−0.264%	$8K	$10K	10x	as long as short
Binance CATIUSDT	+0.0100%	4h	0.06717	0.000%	$3.7M	$1.9M	50x	as long as short
Bybit CATIUSDT	+0.0100%	4h	0.06706	−0.164%	$1.0M	$305K	25x	as long as short
Gate CATI_USDT	+0.0100%	4h	0.06716	−0.015%	$72K	$62K	25x	as long as short
MEXC CATI_USDT	+0.0100%	4h	0.06718	+0.015%	$565K	$247K	100x	as long as short
KuCoin CATIUSDTM	+0.0100%	4h	0.06710	−0.104%	$231K	$29K	30x	as long as short
Bitget CATIUSDTlong	+0.0100%	4h	0.06717	long leg	$368K	$81K	50x
BingX CATI-USDTshort	+0.0100%	4h	0.06710	−0.104%	—	$6.5M	—
Variational Omni CATI	+0.0100%	4h	0.06701	−0.233%	$655	$3	—	as long as short
BloFin CATI-USDT	+0.0125%	4h	0.06719	+0.030%	$239K	$42K	50x	as long as short