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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin−0.194%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$279as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$2752.749% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days−0.073%−$7 · spread now −0.194%, 7d avg −0.081%

Together, before fees−0.110%−$11 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: Gate is 0.113% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CASHCATUSDTM	0.1756	0.0100	pay 0.0050% / 4h	27m 07s	$594K	$2.3M	10x
Short	Gate CASHCAT_USDT	0.1752	0.0100	get 0.0050% / 4h	27m 07s	$1.5M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.194%Rate

Funding earned: $0
Price spread: −0.194% → −0.081%: −$11.25
Slippage, 4 orders: −$247.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$286.17
Costs to cover: 2.749%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 1 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, 5 min ago	5.96 bp	70.1 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	8.56 bp	64.0 bp −$64	416.8 bp −$4,168	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	0.1754	−0.120%	$49.5M	$18.4M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1753	−0.154%	$1.1M	$10.5M	20x	as long as short
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1752	−0.194%	$1.5M	$1.9M	20x
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1756	long leg	$594K	$2.3M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1762	+0.356%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1763	+0.399%	$80K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1754	−0.084%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1754	−0.120%	$526	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1762	+0.336%	$19K	$391K	10x	as long as short
Bybit CASHCATUSDT	+0.0110%	4h	0.1755	−0.023%	$13.1M	$18.1M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CASHCAT_USDT	+0.0120%	4h	0.1755	−0.046%	$8.7M	$467K	20x	as long as short
BingX CASHCAT-USDT	+0.0168%	4h	0.1754	−0.097%	—	$1.0M	—	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1754	−0.097%	$50K	$493K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0360%	1h	0.1754	−0.080%	$66K	$1.2M	3x	as long as short
Nado CASHCAT-PERP	+0.0431%	1h	0.1752	−0.234%	$247K	$155K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1754	−0.097%	$102K	$466K	5x	as long as short
Lighter RH CASHCAT	+0.0776%	1h	0.1755	−0.017%	$335K	$823K	3x	as long as short
edgeX CASHCATUSDC	+0.0923%	4h	0.1766	+0.606%	$53K	$171K	5x	as long as short
Lighter CASHCAT	+0.1768%	1h	0.1757	+0.074%	$1.3M	$1.9M	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1759	+0.210%	$121K	$216K	5x	as long as short
Aster CASHCATUSDT	+0.3560%	1h	0.1753	−0.142%	$575K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1855	+5.656%	$12K	$9K	5.5x	as long as short