Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against KuCoin+0.003%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$708as in the Funding arb table

Net, price: spread back to 7d avg − costs−$719as in the Price arb table

costs, in and out, $10k−$7047.039% of the position

Long on KuCoin Short on HTX

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)+0.235%+$23 · spread now +0.003%, 7d avg +0.159%

Together, before fees+0.194%+$19 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: HTX is 0.156% cheaper against KuCoin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CASHCATUSDTM	0.1660	0.0100	pay 0.0050% / 4h	2h 38m	$586K	$2.4M	10x
Short	HTX CASHCAT-USDT	0.1660	0.0100	get 0.0013% / 1h	38m 51s	$18K	$369K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → +0.159%: −$15.64
Slippage, 4 orders: −$679.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$719.49
Costs to cover: 7.039%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; HTX: live order book, 29 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	5.70 bp	83.5 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 29 min ago	19.89 bp	264.0 bp −$264	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1660	+0.003%	$248K	$189K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1658	−0.120%	$45.4M	$20.4M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1659	−0.072%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1660	long leg	$586K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1667	+0.424%	$1.4M	$1.4M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1673	+0.801%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1660	+0.012%	$67K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1660	+0.022%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1661	+0.060%	$498	$1K	3x	as long as short
HTX CASHCAT-USDTshort	+0.0100%	1h	0.1660	+0.003%	$18K	$369K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1660	+0.033%	$116K	$479K	5x	as long as short
Lighter RH CASHCAT	+0.0248%	1h	0.1661	+0.060%	$323K	$810K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0409%	4h	0.1661	+0.072%	$1.3M	$10.7M	20x	as long as short
Lighter CASHCAT	+0.0512%	1h	0.1660	−0.012%	$1.2M	$1.7M	3x	as long as short
BloFin CASHCAT-USDT	+0.0642%	4h	0.1672	+0.735%	$51K	$490K	20x	as long as short
Bybit CASHCATUSDT	+0.1239%	4h	0.1660	0.000%	$12.6M	$18.6M	10x	as long as short
MEXC CASHCAT_USDT	+0.1264%	4h	0.1660	0.000%	$8.3M	$496K	20x	as long as short
BingX CASHCAT-USDT	+0.1280%	4h	0.1660	+0.012%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.1542%	4h	0.1674	+0.880%	$50K	$170K	5x	as long as short
Aster CASHCATUSDT	+0.1585%	1h	0.1660	+0.006%	$549K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1663	+0.217%	$115K	$224K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1693	+2.000%	$8K	$12K	5.5x	as long as short