Funding arb · Price arb /

CATI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0149%/8h= −16.3% APRpaid last 24h −0.243%

Price spread now: Kraken Futures against Bybit−0.096%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+4.470%+$447 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.096% cheaper against Bybit than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +4.470%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CATIUSDT	0.06511	0.0100	pay 0.0050% / 4h	1h 30m	$970K	$338K	25x
Short	Kraken Futures PF_CATIUSD	0.06505	−0.0049	pay 0.0006% / 1h	30m 50s	$7K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$31.33
Price spread: −0.096% → 0.000%: −$9.57
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$61.89
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 13 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 13 min ago	3.82 bp	106.8 bp −$107	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CATI on 10 exchanges

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_CATIUSDshort	−0.0049%	1h	0.06505	−0.096%	$7K	$6K	10x
BloFin CATI-USDT	+0.0074%	4h	0.06514	+0.046%	$225K	$20K	50x	as long as short
Binance CATIUSDT	+0.0100%	4h	0.06522	+0.169%	$3.5M	$2.0M	50x	as long as short
Bybit CATIUSDTlong	+0.0100%	4h	0.06511	long leg	$970K	$338K	25x
Gate CATI_USDT	+0.0100%	4h	0.06532	+0.323%	$69K	$53K	25x	as long as short
MEXC CATI_USDT	+0.0100%	4h	0.06522	+0.169%	$495K	$269K	100x	as long as short
KuCoin CATIUSDTM	+0.0100%	4h	0.06523	+0.184%	$224K	$33K	30x	as long as short
Bitget CATIUSDT	+0.0100%	4h	0.06519	+0.123%	$357K	$84K	50x	as long as short
BingX CATI-USDT	+0.0100%	4h	0.06512	+0.015%	—	$6.6M	—	as long as short
Variational Omni CATI	+0.0100%	4h	0.06531	+0.305%	$639	$3	—	as long as short