Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0402%/8h= −44.0% APRpaid last 24h −0.193%

Price spread now: MEXC against Arcus−0.238%7-day average −0.080% · 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−$275as in the Price arb table

costs, in and out, $10k−$2592.592% of the position

Long on Arcus Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.478%−$48 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.238%, 7d avg −0.080%

Together, before fees−0.534%−$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and MEXC is 0.157% cheaper against Arcus than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.080%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CASHCAT-USD	0.1637	0.0990	pay 0.0124% / 1h	57m 20s	$101K	$280K	5x
Short	MEXC CASHCAT_USDT	0.1633	0.0588	get 0.0294% / 4h	1h 57m	$8.2M	$523K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.238%Rate

Funding earned: −$84.32
Price spread: −0.238% → −0.080%: −$15.72
Slippage, 4 orders: −$234.68
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee MEXC: 10 bp × 2 orders: −$20
Net: −$359.23
Costs to cover: 2.592%
Break-even: never at this rate

Slippage from Arcus: live order book, 51 min ago; MEXC: live order book, just now.

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, 51 min ago	18.97 bp	123.8 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, just now	2.45 bp	27.2 bp −$27	315.9 bp −$3,159	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	+0.0072%	1h	0.1631	−0.360%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1631	−0.329%	$351K	$939K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1631	−0.382%	$44.6M	$20.2M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1628	−0.513%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1630	−0.403%	$571K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1641	+0.257%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1643	+0.343%	$74K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1633	−0.257%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1637	−0.001%	$19K	$298K	10x	as long as short
SoDEX CASHCAT-USD	+0.0174%	1h	0.1631	−0.335%	$489	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0480%	1h	0.1628	−0.513%	$104K	$751K	5x	as long as short
Bybit CASHCATUSDT	+0.0583%	4h	0.1632	−0.287%	$12.3M	$19.1M	10x	as long as short
MEXC CASHCAT_USDTshort	+0.0588%	4h	0.1633	−0.238%	$8.2M	$523K	20x
Nado CASHCAT-PERP	+0.0687%	1h	0.1627	−0.577%	$208K	$192K	5x	as long as short
edgeX CASHCATUSDC	+0.0780%	4h	0.1634	−0.191%	$49K	$168K	5x	as long as short
Arcus CASHCAT-USDlong	+0.0990%	1h	0.1637	long leg	$101K	$280K	5x
BingX CASHCAT-USDT	+0.1084%	4h	0.1632	−0.299%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1128%	4h	0.1632	−0.299%	$1.5M	$12.1M	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.1157%	1h	0.1631	−0.372%	$63K	$1.3M	3x	as long as short
BloFin CASHCAT-USDT	+0.1449%	4h	0.1629	−0.482%	$52K	$558K	20x	as long as short
Aster CASHCATUSDT	+0.1670%	1h	0.1634	−0.204%	$548K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1659	+1.351%	$8K	$19K	5.5x	as long as short