Funding you earn now, next payment 08:00 UTC−0.0174%/8h= −19.1% APRnext payment −$1.74 per $10,000 · paid last 24h −0.035%
Price spread now: Bitget against Binance+0.055%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1611.606% of the position
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 2 days (all we have)+0.078%+$8 · spread now +0.055%, 7d avg −0.009%
=The price spread pays, funding is against you. Bitget is 0.064% dearer against Binance than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.009%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance CATUSDT | 819.52 | 0.0174 | pay 0.0174% / 8h | 4h 51m | $446K | $423K | 25x |
| Short | Bitget CATUSDT | 819.97 | 0 | get 0.0000% / 8h | 4h 51m | $488K | $142K | 20x |
Binance CATUSDT
Bitget CATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$36.63
- Price spread: +0.055% → −0.009%
- $6.39
- Slippage, 4 orders
- −$138.61
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$190.86
- Costs to cover
- 1.606%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bitget: live order book, 65 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 Binance live order book, 10 min ago | 5.00 bp | 46.0 bp −$46 | 169.3 bp −$1,693 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 65 min ago | 10.75 bp | 16.9 bp −$17 | 38.9 bp −$389 | doesn't fit | doesn't fit |
CAT on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CAT_USDT | 0.0000% | 8h | 820.00 | +0.059% | $176K | $23K | 20x | as long as short |
| Bitget CATUSDTshort | 0.0000% | 8h | 819.97 | +0.055% | $488K | $142K | 20x | |
| Variational Omni CAT | 0.0000% | 8h | 819.65 | +0.016% | $84K | $38K | — | as long as short |
| QFEX CAT-USD | +0.0051% | 1h | 819.83 | +0.038% | $1.1M | $4.8M | 10x | as long as short |
| Binance CATUSDTlong | +0.0174% | 8h | 819.52 | long leg | $446K | $423K | 25x |
Gate CAT_USDT
Variational Omni CAT
QFEX CAT-USD