Funding you earn now, next payment 08:00 UTC+0.0291%/8h= +31.8% APRnext payment +$2.91 per $10,000 · paid last 24h +0.035%
Price spread now: Binance against Bitget+0.106%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1321.318% of the position
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 2 days (all we have)−0.272%−$27 · spread now +0.106%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Binance is 0.095% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CATUSDT | 818.71 | 0 | get 0.0000% / 8h | 6h 28m | $487K | $159K | 20x |
| Short | Binance CATUSDT | 819.58 | 0.0291 | get 0.0291% / 8h | 6h 28m | $448K | $501K | 25x |
Bitget CATUSDT
Binance CATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $61.01
- Price spread: +0.106% → +0.012%
- $9.46
- Slippage, 4 orders
- −$109.76
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$61.29
- Costs to cover
- 1.318%
- Break-even
- 14.0 days
Slippage from Bitget: live order book, 32 min ago; Binance: live order book, 63 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 Bitget live order book, 32 min ago | 6.87 bp | 16.8 bp −$17 | 39.4 bp −$394 | doesn't fit | doesn't fit |
| Sell Binance live order book, 63 min ago | 0.85 bp | 33.6 bp −$34 | 149.9 bp −$1,499 | 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 | 819.50 | +0.096% | $176K | $24K | 20x | as long as short |
| Bitget CATUSDTlong | 0.0000% | 8h | 818.71 | long leg | $487K | $159K | 20x | |
| QFEX CAT-USD | +0.0160% | 1h | 819.03 | +0.039% | $1.1M | $5.5M | 10x | as long as short |
| Variational Omni CAT | +0.0161% | 8h | 819.26 | +0.068% | $84K | $79K | — | as long as short |
| Binance CATUSDTshort | +0.0291% | 8h | 819.58 | +0.106% | $448K | $501K | 25x |
Gate CAT_USDT
QFEX CAT-USD
Variational Omni CAT