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: BingX against Bybit+0.015%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$269as in the Funding arb table

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2692.688% of the position

Long on Bybit 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 7 days+0.071%+$7 · spread now +0.015%, 7d avg +0.071%

Together, before fees+0.071%+$7 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 0.056% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CATIUSDT	0.06604	0.0100	pay 0.0050% / 4h	3h 39m	$990K	$364K	25x
Short	BingX CATI-USDT	0.06605	0.0100	get 0.0050% / 4h	3h 39m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.071%: −$5.6
Slippage, 4 orders: −$247.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$274.41
Costs to cover: 2.688%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; BingX: live order book, 12 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, just now	3.79 bp	106.8 bp −$107	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	0.75 bp	18.9 bp −$19	124.5 bp −$1,245	622.7 bp −$62.3K	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
BloFin CATI-USDT	+0.0040%	4h	0.06607	+0.045%	$229K	$42K	50x	as long as short
Binance CATIUSDT	+0.0100%	4h	0.06617	+0.196%	$3.6M	$2.1M	50x	as long as short
Bybit CATIUSDTlong	+0.0100%	4h	0.06604	long leg	$990K	$364K	25x
Gate CATI_USDT	+0.0100%	4h	0.06609	+0.076%	$69K	$64K	25x	as long as short
MEXC CATI_USDT	+0.0100%	4h	0.06617	+0.197%	$527K	$267K	100x	as long as short
KuCoin CATIUSDTM	+0.0100%	4h	0.06612	+0.121%	$226K	$34K	30x	as long as short
Bitget CATIUSDT	+0.0100%	4h	0.06621	+0.257%	$363K	$86K	50x	as long as short
BingX CATI-USDTshort	+0.0100%	4h	0.06605	+0.015%	—	$6.6M	—
Variational Omni CATI	+0.0100%	4h	0.06601	−0.039%	$645	$3	—	as long as short
Kraken Futures PF_CATIUSD	+0.0227%	1h	0.06594	−0.149%	$7K	$11K	10x	as long as short