Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against HTX−0.438%7-day average −0.163% · you buy dearer than you sell

Net, funding: paid 7d − costs−$856as in the Funding arb table

Net, price: spread back to 7d avg − costs−$888as in the Price arb table

costs, in and out, $10k−$8608.602% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.438%, 7d avg −0.163%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.275% cheaper against HTX than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.163%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CASHCAT-USDT	0.1756	0.0100	pay 0.0013% / 1h	22m 38s	$19K	$390K	10x
Short	KuCoin CASHCATUSDTM	0.1748	0.0100	get 0.0050% / 4h	22m 38s	$591K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now −0.438%Rate

Funding earned: $0
Price spread: −0.438% → −0.163%: −$27.49
Slippage, 4 orders: −$836.15
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$887.64
Costs to cover: 8.602%
Break-even: never at this rate

Slippage from HTX: live order book, 56 min ago; KuCoin: live order book, 4 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 HTX live order book, 56 min ago	237.52 bp	366.8 bp −$367	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	6.86 bp	58.1 bp −$58	633.9 bp −$6,339	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
Hyperliquid CASHCAT	+0.0100%	1h	0.1748	−0.461%	$49.4M	$18.4M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1753	−0.159%	$13.1M	$18.1M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1752	−0.227%	$1.1M	$10.5M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1747	−0.523%	$1.5M	$1.9M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1750	−0.358%	$8.7M	$468K	20x	as long as short
KuCoin CASHCATUSDTMshort	+0.0100%	4h	0.1748	−0.438%	$591K	$2.3M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1754	−0.119%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1749	−0.398%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1750	−0.353%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1750	−0.364%	$525	$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-USDTlong	+0.0100%	1h	0.1756	long leg	$19K	$390K	10x
BingX CASHCAT-USDT	+0.0130%	4h	0.1749	−0.398%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.0264%	4h	0.1752	−0.252%	$52K	$171K	5x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1747	−0.512%	$50K	$491K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0390%	1h	0.1752	−0.244%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1750	−0.362%	$102K	$466K	5x	as long as short
Nado CASHCAT-PERP	+0.0558%	1h	0.1749	−0.398%	$247K	$155K	5x	as long as short
Lighter RH CASHCAT	+0.0640%	1h	0.1749	−0.387%	$333K	$824K	3x	as long as short
Lighter CASHCAT	+0.1464%	1h	0.1752	−0.244%	$1.3M	$1.9M	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1752	−0.202%	$121K	$216K	5x	as long as short
Aster CASHCATUSDT	+0.3488%	1h	0.1749	−0.387%	$574K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1855	+5.638%	$12K	$9K	5.5x	as long as short