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: Bitget against KuCoin+0.195%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$930as in the Funding arb table

Net, price: spread back to 7d avg − costs−$916as in the Price arb table

costs, in and out, $10k−$9309.296% of the position

Long on KuCoin Short on Bitget

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)−0.187%−$19 · spread now +0.195%, 7d avg +0.060%

Together, before fees−0.187%−$19 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: Bitget is 0.135% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CATIUSDTM	0.06666	0.0100	pay 0.0050% / 4h	26m 48s	$229K	$29K	30x
Short	Bitget CATIUSDT	0.06679	0.0100	get 0.0050% / 4h	26m 48s	$356K	$76K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.195%Rate

Funding earned: $0
Price spread: +0.195% → +0.060%: $13.49
Slippage, 4 orders: −$905.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$916.07
Costs to cover: 9.296%
Break-even: never at this rate

Slippage from KuCoin: live order book, 54 min ago; Bitget: live order book, 23 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 KuCoin live order book, 54 min ago	15.67 bp	596.2 bp −$596	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 23 min ago	9.75 bp	42.5 bp −$43	199.4 bp −$1,994	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	0.06659	−0.106%	$7K	$10K	10x	as long as short
Binance CATIUSDT	+0.0100%	4h	0.06673	+0.101%	$3.6M	$1.9M	50x	as long as short
Bybit CATIUSDT	+0.0100%	4h	0.06661	−0.075%	$999K	$305K	25x	as long as short
Gate CATI_USDT	+0.0100%	4h	0.06669	+0.045%	$71K	$61K	25x	as long as short
MEXC CATI_USDT	+0.0100%	4h	0.06672	+0.090%	$563K	$244K	100x	as long as short
KuCoin CATIUSDTMlong	+0.0100%	4h	0.06666	long leg	$229K	$29K	30x
Bitget CATIUSDTshort	+0.0100%	4h	0.06679	+0.195%	$356K	$76K	50x
BingX CATI-USDT	+0.0100%	4h	0.06669	+0.045%	—	$6.5M	—	as long as short
Variational Omni CATI	+0.0100%	4h	0.06671	+0.072%	$652	$3	—	as long as short
BloFin CATI-USDT	+0.0129%	4h	0.06673	+0.105%	$238K	$42K	50x	as long as short