CATI arbitrage explained
Right now Catizen (CATI) trades on 8 venues we scan: 7 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $0.0685 and the highest bid on MEXC perp at $0.0688.
The widest CATI perpetual spread is between Variational and Bitget: long CATI on Variational at $0.0685 and short on Bitget at $0.0688 for +0.34% gross, or +0.18% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CATI route is to buy spot on OKX and short the perpetual on Bitget: +0.17% gross, -0.03% net, with +0.030% a day of funding on the short leg.
Spot–spot CATI arbitrage (buy on OKX, withdraw, deposit and sell on Bitget) shows +0.09% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small CATI gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: CATI funding rates · CATI spread charts · Catizen price · arbitrage scanner for all coins.