Funding arb · Price arb /

CATI

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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: Binance against Bybit+0.060%7-day average +0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

costs, in and out, $10k−$2492.489% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.112%+$11 · spread now +0.060%, 7d avg +0.128%

Together, before fees+0.112%+$11 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: Binance is 0.068% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CATIUSDT	0.06673	0.0100	pay 0.0050% / 4h	28m 54s	$1.0M	$305K	25x
Short	Binance CATIUSDT	0.06677	0.0100	get 0.0050% / 4h	28m 54s	$3.6M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.128%: −$6.82
Slippage, 4 orders: −$227.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$255.7
Costs to cover: 2.489%
Break-even: never at this rate

Slippage from Bybit: live order book, 11 min ago; Binance: live order book, 7 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	3.76 bp	114.8 bp −$115	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	2.25 bp	38.2 bp −$38	239.0 bp −$2,390	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
Kraken Futures PF_CATIUSD	−0.0928%	1h	0.06658	−0.228%	$7K	$10K	10x	as long as short
Binance CATIUSDTshort	+0.0100%	4h	0.06677	+0.060%	$3.6M	$1.9M	50x
Bybit CATIUSDTlong	+0.0100%	4h	0.06673	long leg	$1.0M	$305K	25x
Gate CATI_USDT	+0.0100%	4h	0.06677	+0.060%	$71K	$61K	25x	as long as short
MEXC CATI_USDT	+0.0100%	4h	0.06677	+0.060%	$564K	$244K	100x	as long as short
KuCoin CATIUSDTM	+0.0100%	4h	0.06671	−0.030%	$229K	$29K	30x	as long as short
Bitget CATIUSDT	+0.0100%	4h	0.06682	+0.135%	$356K	$76K	50x	as long as short
BingX CATI-USDT	+0.0100%	4h	0.06675	+0.030%	—	$6.5M	—	as long as short
Variational Omni CATI	+0.0100%	4h	0.06671	−0.032%	$652	$3	—	as long as short
BloFin CATI-USDT	+0.0151%	4h	0.06683	+0.150%	$238K	$42K	50x	as long as short