Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.2290%/8h= −250.8% APRpaid last 24h −0.193%

Price spread now: KuCoin against Arcus+0.178%7-day average −0.207% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$288as in the Price arb table

costs, in and out, $10k−$3263.262% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.569%−$57 on $10k

Price spread, last 4 days (all we have)−0.543%−$54 · spread now +0.178%, 7d avg −0.207%

Together, before fees−1.113%−$111 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.385% dearer against Arcus than usual: you sell high and buy low (spread +0.178% now, against its 7-day average of −0.207%): +$39 on $10k if it goes back. Holding the pair costs −$69 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 4 days (−0.569% in total) that is about 2.5 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.569% in total (about -57.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CASHCAT-USD	0.1574	0.2390	pay 0.0299% / 1h	30m 54s	$97K	$270K	5x
Short	KuCoin CASHCATUSDTM	0.1577	0.0100	get 0.0050% / 4h	2h 30m	$557K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now +0.178%Rate

Funding earned: −$480.93
Price spread: +0.178% → −0.207%: $38.53
Slippage, 4 orders: −$309.73
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$768.63
Costs to cover: 3.262%
Break-even: never at this rate

Slippage from Arcus: live order book, 17 min ago; KuCoin: live order book, 11 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, 17 min ago	18.97 bp	123.8 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	6.42 bp	53.9 bp −$54	doesn't fit	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	−0.0912%	1h	0.1576	+0.083%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1578	+0.229%	$331K	$935K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1578	+0.223%	$43.1M	$20.0M	3x	as long as short
Aster CASHCATUSDT	+0.0100%	1h	0.1576	+0.095%	$529K	$1.1M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1575	+0.032%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTMshort	+0.0100%	4h	0.1577	+0.178%	$557K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1580	+0.373%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1572	−0.177%	$71K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1577	+0.163%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1577	+0.153%	$473	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1576	+0.096%	$19K	$306K	10x	as long as short
MEXC CASHCAT_USDT	+0.0200%	4h	0.1580	+0.388%	$7.8M	$517K	20x	as long as short
Nado CASHCAT-PERP	+0.0202%	1h	0.1574	−0.028%	$201K	$191K	5x	as long as short
Bybit CASHCATUSDT	+0.0214%	4h	0.1583	+0.560%	$11.8M	$19.0M	10x	as long as short
edgeX CASHCATUSDC	+0.0233%	4h	0.1573	−0.097%	$48K	$169K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1580	+0.370%	$98K	$745K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0612%	1h	0.1577	+0.172%	$67K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0966%	4h	0.1581	+0.426%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1038%	4h	0.1581	+0.426%	$1.4M	$11.4M	20x	as long as short
BloFin CASHCAT-USDT	+0.1332%	4h	0.1577	+0.172%	$53K	$524K	20x	as long as short
Arcus CASHCAT-USDlong	+0.2390%	1h	0.1574	long leg	$97K	$270K	5x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1591	+1.061%	$8K	$18K	5.5x	as long as short