Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.3284%/8h= −359.6% APRpaid last 24h −0.155%

Price spread now: Variational Omni against Arcus+0.463%7-day average +0.259% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.352%−$35 on $10k

Price spread, last 4 days (all we have)+0.379%+$38 · spread now +0.463%, 7d avg +0.259%

Together, before fees+0.027%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.204% dearer against Arcus than usual: you sell high and buy low (spread +0.463% now, against its 7-day average of +0.259%): +$20 on $10k if it goes back. Holding the pair costs −$99 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 3 days (−0.352% in total) that is about 47 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.352% in total (about -38.2% 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	0.1691	0.3384	pay 0.0423% / 1h	12m 19s	$116K	$220K	5x
Short	Variational Omni CASHCAT	0.1699	0.0100	get 0.0050% / 4h	3h 12m	$1.4M	$1.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.463%Rate

Funding earned: −$689.71
Price spread: +0.463% → +0.259%: $20.45
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$673.76
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Arcus: live order book, 61 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 61 min ago	13.22 bp	148.3 bp −$148	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	5.89 bp	doesn't fit	129.5 bp −$1,295	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 RH CASHCAT	+0.0096%	1h	0.1688	−0.177%	$328K	$848K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1684	−0.384%	$252K	$191K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1686	−0.305%	$46.2M	$20.7M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1685	−0.367%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1686	−0.325%	$597K	$2.4M	10x	as long as short
Variational Omni CASHCATshort	+0.0100%	4h	0.1699	+0.463%	$1.4M	$1.5M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1697	+0.378%	$77K	$67K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1686	−0.308%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1683	−0.449%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1684	−0.432%	$505	$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	0.1685	−0.355%	$18K	$373K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1685	−0.338%	$118K	$479K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0340%	4h	0.1688	−0.177%	$1.3M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0578%	4h	0.1691	0.000%	$50K	$506K	20x	as long as short
BingX CASHCAT-USDT	+0.0698%	4h	0.1688	−0.177%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDT	+0.0834%	4h	0.1688	−0.171%	$8.4M	$496K	20x	as long as short
Bybit CASHCATUSDT	+0.0869%	4h	0.1686	−0.278%	$12.9M	$18.6M	10x	as long as short
Lighter CASHCAT	+0.0960%	1h	0.1688	−0.177%	$1.2M	$1.9M	3x	as long as short
edgeX CASHCATUSDC	+0.1624%	4h	0.1704	+0.775%	$51K	$172K	5x	as long as short
Aster CASHCATUSDT	+0.2125%	1h	0.1686	−0.271%	$558K	$1.1M	10x	as long as short
Arcus CASHCAT-USDlong	+0.3384%	1h	0.1691	long leg	$116K	$220K	5x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1722	+1.833%	$9K	$12K	5.5x	as long as short