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: MEXC against Bybit+0.179%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$253as in the Price arb table

costs, in and out, $10k−$2582.583% of the position

Long on Bybit Short on MEXC

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)−0.370%−$37 · spread now +0.179%, 7d avg +0.123%

Together, before fees−0.370%−$37 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: MEXC is 0.056% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CATIUSDT	0.06705	0.0100	pay 0.0050% / 4h	1h 14m	$1.0M	$302K	25x
Short	MEXC CATI_USDT	0.06717	0.0100	get 0.0050% / 4h	1h 14m	$567K	$244K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.179%Rate

Funding earned: $0
Price spread: +0.179% → +0.123%: $5.58
Slippage, 4 orders: −$243.29
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$252.71
Costs to cover: 2.583%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 41 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, 1 min ago	3.73 bp	117.1 bp −$117	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 41 min ago	2.99 bp	14.3 bp −$14	109.5 bp −$1,095	156.7 bp −$15.7K	391.1 bp −$195.6K

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	−0.1471%	1h	0.06713	+0.117%	$8K	$10K	10x	as long as short
Binance CATIUSDT	+0.0100%	4h	0.06717	+0.183%	$3.7M	$1.9M	50x	as long as short
Bybit CATIUSDTlong	+0.0100%	4h	0.06705	long leg	$1.0M	$302K	25x
Gate CATI_USDT	+0.0100%	4h	0.06708	+0.045%	$71K	$61K	25x	as long as short
MEXC CATI_USDTshort	+0.0100%	4h	0.06717	+0.179%	$567K	$244K	100x
KuCoin CATIUSDTM	+0.0100%	4h	0.06715	+0.149%	$231K	$29K	30x	as long as short
Bitget CATIUSDT	+0.0100%	4h	0.06716	+0.164%	$358K	$76K	50x	as long as short
BingX CATI-USDT	+0.0100%	4h	0.06718	+0.194%	—	$6.5M	—	as long as short
Variational Omni CATI	+0.0100%	4h	0.06710	+0.070%	$656	$3	—	as long as short
BloFin CATI-USDT	+0.0152%	4h	0.06728	+0.343%	$241K	$42K	50x	as long as short