Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2386%/8h= +261.3% APRpaid last 24h +0.212%

Price spread now: Arcus against KuCoin+0.385%7-day average +0.205% · 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−$288as in the Price arb table

costs, in and out, $10k−$3063.057% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.538%+$54 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.385%, 7d avg +0.205%

Together, before fees+0.445%+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$72 a day on $10k at the current rate, and Arcus is 0.180% dearer against KuCoin than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.205%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.538% in total (about 54.7% 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	KuCoin CASHCATUSDTM	0.1604	0.0100	pay 0.0050% / 4h	3h 49m	$574K	$2.4M	10x
Short	Arcus CASHCAT-USD	0.1610	0.2486	get 0.0311% / 1h	49m 01s	$97K	$264K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now +0.385%Rate

Funding earned: $501.04
Price spread: +0.385% → +0.205%: $18.04
Slippage, 4 orders: −$289.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $213.42
Costs to cover: 3.057%
Break-even: 4.0 days

Slippage from KuCoin: live order book, 3 min ago; Arcus: 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 KuCoin live order book, 3 min ago	5.91 bp	73.4 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 4 min ago	24.30 bp	70.5 bp −$70	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	0.1603	−0.037%	$1.1M	$1.8M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1604	+0.012%	$12.0M	$18.8M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1604	−0.006%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1604	+0.019%	$8.0M	$518K	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1604	long leg	$574K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1609	+0.328%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1608	+0.218%	$73K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1608	+0.218%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1604	+0.012%	$481	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1606	+0.134%	$18K	$323K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CASHCAT	+0.0176%	1h	0.1605	+0.037%	$43.9M	$19.9M	3x	as long as short
Polymarket Perps CASHCAT-USD	+0.0460%	1h	0.1607	+0.193%	$66K	$1.3M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1605	+0.082%	$169K	$675K	5x	as long as short
Nado CASHCAT-PERP	+0.0645%	1h	0.1604	+0.009%	$217K	$188K	5x	as long as short
Lighter RH CASHCAT	+0.0744%	1h	0.1605	+0.081%	$299K	$868K	3x	as long as short
edgeX CASHCATUSDC	+0.0797%	4h	0.1604	−0.021%	$49K	$170K	5x	as long as short
BingX CASHCAT-USDT	+0.0972%	4h	0.1605	+0.056%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1005%	4h	0.1605	+0.056%	$1.5M	$11.1M	20x	as long as short
BloFin CASHCAT-USDT	+0.1301%	4h	0.1611	+0.430%	$52K	$501K	20x	as long as short
Arcus CASHCAT-USDshort	+0.2486%	1h	0.1610	+0.385%	$97K	$264K	5x
Aster CASHCATUSDT	+0.2896%	1h	0.1607	+0.187%	$537K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1631	+1.677%	$8K	$18K	5.5x	as long as short