Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.167%

Price spread now: Nado against KuCoin−0.104%51s7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2602.600% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.299%+$30 on $10k

Price spread, last 4 days (all we have)+0.414%+$41 · spread now −0.104%, 7d avg +0.046%

Together, before fees+0.713%+ Points / potential airdropNado: Active · farm board+$71 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: Nado is 0.149% cheaper against KuCoin than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.046%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CASHCATUSDTM	0.1641	0.0100	pay 0.0050% / 4h	2h 01m	$578K	$2.4M	10x
Short	Nado CASHCAT-PERP	0.1640	0.0100	get 0.0012% / 1h	1m 43s	$210K	$192K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → +0.046%: −$14.95
Slippage, 4 orders: −$248.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 0 bp × 2 orders: $0
Net: −$274.99
Costs to cover: 2.600%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Nado: live order book, 46 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	7.72 bp	75.9 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 46 min ago	14.65 bp	54.1 bp −$54	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	+0.0016%	1h	0.1641	−0.018%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1642	+0.006%	$353K	$956K	3x	as long as short
Nado CASHCAT-PERPshort	+0.0100%	1h	0.1640	−0.104%	$210K	$192K	5x
Hyperliquid CASHCAT	+0.0100%	1h	0.1643	+0.122%	$44.9M	$20.1M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1641	−0.012%	$1.5M	$2.1M	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1641	long leg	$578K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1622	−1.187%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1618	−1.456%	$73K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1641	−0.056%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1642	+0.049%	$493	$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-USDT	+0.0100%	1h	0.1644	+0.134%	$19K	$299K	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1642	+0.014%	$104K	$750K	5x	as long as short
MEXC CASHCAT_USDT	+0.0636%	4h	0.1641	−0.049%	$8.2M	$533K	20x	as long as short
Bybit CASHCATUSDT	+0.0636%	4h	0.1640	−0.079%	$12.3M	$19.1M	10x	as long as short
Polymarket Perps CASHCAT-USD	+0.0721%	1h	0.1644	+0.140%	$63K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.1078%	4h	0.1644	+0.152%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1139%	4h	0.1640	−0.091%	$1.5M	$12.1M	20x	as long as short
edgeX CASHCATUSDC	+0.1427%	4h	0.1622	−1.206%	$49K	$169K	5x	as long as short
BloFin CASHCAT-USDT	+0.1479%	4h	0.1627	−0.883%	$52K	$557K	20x	as long as short
Aster CASHCATUSDT	+0.1556%	1h	0.1638	−0.208%	$550K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2390%	1h	0.1648	+0.383%	$102K	$280K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1635	−0.396%	$8K	$19K	5.5x	as long as short