Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.2742%/8h= +300.2% APRpaid last 24h +0.196%

Price spread now: Arcus against Gate+0.431%7-day average +0.204% · 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−$300as in the Price arb table

costs, in and out, $10k−$3233.227% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.479%+$48 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.431%, 7d avg +0.204%

Together, before fees+0.456%+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$82 a day on $10k at the current rate, and Arcus is 0.228% dearer against Gate than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.204%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.479% in total (about 50.2% 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	Gate CASHCAT_USDT	0.1672	0.0100	pay 0.0050% / 4h	2h 26m	$1.4M	$1.9M	20x
Short	Arcus CASHCAT-USD	0.1679	0.2842	get 0.0355% / 1h	26m 47s	$116K	$225K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now +0.431%Rate

Funding earned: $575.76
Price spread: +0.431% → +0.204%: $22.77
Slippage, 4 orders: −$303.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $275.84
Costs to cover: 3.227%
Break-even: 3.6 days

Slippage from Gate: live order book, 1 min ago; Arcus: live order book, 41 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 Gate live order book, 1 min ago	8.97 bp	88.9 bp −$89	983.6 bp −$9,836	doesn't fit	doesn't fit
Sell Arcus live order book, 41 min ago	34.90 bp	45.6 bp −$46	doesn't fit	doesn't fit	doesn't fit

CASHCAT on 21 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
Nado CASHCAT-PERP	+0.0100%	1h	0.1671	−0.036%	$250K	$190K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1671	−0.043%	$45.8M	$20.4M	3x	as long as short
Gate CASHCAT_USDTlong	+0.0100%	4h	0.1672	long leg	$1.4M	$1.9M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1674	+0.162%	$592K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1686	+0.837%	$1.4M	$1.4M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1671	−0.030%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1673	+0.084%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1671	−0.045%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1671	−0.024%	$501	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1673	+0.077%	$18K	$362K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1671	−0.053%	$117K	$478K	5x	as long as short
Lighter RH CASHCAT	+0.0376%	1h	0.1675	+0.185%	$326K	$813K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0429%	4h	0.1676	+0.263%	$1.3M	$10.8M	20x	as long as short
Lighter CASHCAT	+0.0552%	1h	0.1675	+0.203%	$1.2M	$1.7M	3x	as long as short
BingX CASHCAT-USDT	+0.1152%	4h	0.1675	+0.203%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDT	+0.1170%	4h	0.1675	+0.203%	$8.3M	$498K	20x	as long as short
Bybit CASHCATUSDT	+0.1171%	4h	0.1674	+0.156%	$12.7M	$18.4M	10x	as long as short
edgeX CASHCATUSDC	+0.1278%	4h	0.1677	+0.335%	$50K	$170K	5x	as long as short
Aster CASHCATUSDT	+0.1379%	1h	0.1675	+0.209%	$553K	$1.1M	10x	as long as short
Arcus CASHCAT-USDshort	+0.2842%	1h	0.1679	+0.431%	$116K	$225K	5x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+1.878%	$8K	$12K	5.5x	as long as short