Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.3046%/8h= +333.5% APRpaid last 24h +0.091%

Price spread now: Arcus against BloFin−0.097%7-day average +0.033% · 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−$229as in the Price arb table

costs, in and out, $10k−$2162.160% of the position

Long on BloFin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.265%+$26 on $10k

Price spread, last 4 days (all we have)+0.627%+$63 · spread now −0.097%, 7d avg +0.033%

Together, before fees+0.892%+$89 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.131% cheaper against BloFin than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of +0.033%). If the spread goes back, that is −$13 on $10k: about 3 hours of funding at the current rate (+$91 a day). At the pace of the last 4 days (+0.265% in total) that is about 45 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.265% in total (about 25.7% 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	BloFin CASHCAT-USDT	0.1683	0.0803	pay 0.0402% / 4h	3h 44m	$52K	$594K	20x
Short	Arcus CASHCAT-USD	0.1681	0.3849	get 0.0481% / 1h	44m 54s	$104K	$313K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BloFin. 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 BloFinbpFee ArcusbpOrdersPrice spread, now −0.097%Rate

Funding earned: $639.63
Price spread: −0.097% → +0.033%: −$13.07
Slippage, 4 orders: −$199.46
Fee BloFin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $410.6
Costs to cover: 2.160%
Break-even: 2.5 days

Slippage from BloFin: live order book, 31 min ago; Arcus: live order book, 54 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 BloFin live order book, 31 min ago	8.95 bp	28.6 bp −$29	60.2 bp −$602	doesn't fit	doesn't fit
Sell Arcus live order book, 54 min ago	35.16 bp	41.6 bp −$42	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	+0.0096%	1h	0.1683	+0.018%	$1.1M	$1.7M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1684	+0.048%	$360K	$931K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1686	+0.208%	$46.4M	$20.5M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1682	−0.048%	$1.5M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1684	+0.036%	$606K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1686	+0.197%	$1.1M	$1.8M	—	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1681	−0.149%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1685	+0.105%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1684	+0.077%	$505	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1690	+0.390%	$23K	$254K	10x	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	+0.0251%	1h	0.1688	+0.267%	$76K	$60K	50x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1686	+0.197%	$242K	$884K	5x	as long as short
Bybit CASHCATUSDT	+0.0484%	4h	0.1688	+0.273%	$12.7M	$19.2M	10x	as long as short
BingX CASHCAT-USDT	+0.0518%	4h	0.1687	+0.238%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0559%	4h	0.1685	+0.119%	$1.4M	$12.8M	20x	as long as short
MEXC CASHCAT_USDT	+0.0632%	4h	0.1687	+0.255%	$8.6M	$531K	20x	as long as short
BloFin CASHCAT-USDTlong	+0.0803%	4h	0.1683	long leg	$52K	$594K	20x
edgeX CASHCATUSDC	+0.1015%	4h	0.1682	−0.031%	$51K	$168K	5x	as long as short
Nado CASHCAT-PERP	+0.1604%	1h	0.1680	−0.149%	$250K	$204K	5x	as long as short
Arcus CASHCAT-USDshort	+0.3849%	1h	0.1681	−0.097%	$104K	$313K	5x
Aster CASHCATUSDT	+0.4130%	1h	0.1684	+0.083%	$547K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+1.188%	$8K	$18K	5.5x	as long as short