Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.225%

Price spread now: Gate against Arcus−0.188%7-day average −0.212% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$396as in the Price arb table

costs, in and out, $10k−$3993.989% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.418%−$42 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now −0.188%, 7d avg −0.212%

Together, before fees−0.525%−$52 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: Gate is 0.024% dearer against Arcus than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.212%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CASHCAT-USD	0.1747	0.0100	pay 0.0013% / 1h	36m 40s	$102K	$197K	5x
Short	Gate CASHCAT_USDT	0.1744	0.0100	get 0.0050% / 4h	1h 36m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now −0.188%Rate

Funding earned: $0
Price spread: −0.188% → −0.212%: $2.42
Slippage, 4 orders: −$379.38
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$396.47
Costs to cover: 3.989%
Break-even: never at this rate

Slippage from Arcus: live order book, 46 min ago; Gate: live order book, 1 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 Arcus live order book, 46 min ago	42.02 bp	130.2 bp −$130	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	6.02 bp	53.1 bp −$53	391.7 bp −$3,917	doesn't fit	doesn't fit

CASHCAT on 22 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
Lighter CASHCAT	+0.0096%	1h	0.1746	−0.022%	$1.3M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1746	−0.062%	$49.4M	$18.7M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1749	+0.098%	$13.1M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1747	+0.006%	$1.1M	$10.9M	20x	as long as short
Arcus CASHCAT-USDlong	+0.0100%	1h	0.1747	long leg	$102K	$197K	5x
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1744	−0.188%	$1.5M	$2.0M	20x
MEXC CASHCAT_USDT	+0.0100%	4h	0.1748	+0.086%	$8.7M	$466K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1745	−0.114%	$590K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1747	+0.006%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1754	+0.430%	$1.5M	$1.7M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1751	+0.252%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1749	+0.097%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1748	+0.081%	$524	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1759	+0.667%	$19K	$407K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1752	+0.293%	$50K	$506K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1746	−0.073%	$96K	$469K	5x	as long as short
Lighter RH CASHCAT	+0.0504%	1h	0.1747	+0.006%	$338K	$792K	3x	as long as short
Nado CASHCAT-PERP	+0.0533%	1h	0.1745	−0.108%	$246K	$157K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0649%	1h	0.1750	+0.161%	$66K	$1.3M	3x	as long as short
edgeX CASHCATUSDC	+0.0809%	4h	0.1752	+0.272%	$52K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.2408%	1h	0.1747	+0.006%	$571K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1835	+5.044%	$12K	$9K	5.5x	as long as short