Funding arb · Price arb /

CATI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin0.000%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,041as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,035as in the Price arb table

costs, in and out, $10k−$1,04110.411% of the position

Long on KuCoin Short on Bybit

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)−0.024%−$2 · spread now 0.000%, 7d avg −0.064%

Together, before fees−0.024%−$2 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: Bybit is 0.064% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CATIUSDTM	0.06662	0.0100	pay 0.0050% / 4h	2h 37m	$229K	$29K	30x
Short	Bybit CATIUSDT	0.06662	0.0100	get 0.0050% / 4h	2h 37m	$997K	$305K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.064%: $6.41
Slippage, 4 orders: −$1,018.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,034.72
Costs to cover: 10.411%
Break-even: never at this rate

Slippage from KuCoin: live order book, 19 min ago; Bybit: live order book, 3 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, 19 min ago	9.72 bp	595.1 bp −$595	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.76 bp	96.1 bp −$96	doesn't fit	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	−0.1367%	1h	0.06645	−0.260%	$7K	$10K	10x	as long as short
BloFin CATI-USDT	+0.0045%	4h	0.06659	−0.045%	$238K	$42K	50x	as long as short
Binance CATIUSDT	+0.0100%	4h	0.06668	+0.090%	$3.6M	$1.9M	50x	as long as short
Bybit CATIUSDTshort	+0.0100%	4h	0.06662	0.000%	$997K	$305K	25x
Gate CATI_USDT	+0.0100%	4h	0.06666	+0.060%	$73K	$66K	25x	as long as short
MEXC CATI_USDT	+0.0100%	4h	0.06670	+0.120%	$561K	$255K	100x	as long as short
KuCoin CATIUSDTMlong	+0.0100%	4h	0.06662	long leg	$229K	$29K	30x
Bitget CATIUSDT	+0.0100%	4h	0.06676	+0.210%	$365K	$81K	50x	as long as short
BingX CATI-USDT	+0.0100%	4h	0.06663	+0.015%	—	$6.5M	—	as long as short
Variational Omni CATI	+0.0100%	4h	0.06654	−0.121%	$652	$3	—	as long as short