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: SunX against KuCoin+0.069%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$395as in the Funding arb table

Net, price: spread back to 7d avg − costs−$399as in the Price arb table

costs, in and out, $10k−$3933.931% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 3 days (all we have)+0.412%+$41 · spread now +0.069%, 7d avg +0.123%

Together, before fees+0.393%+$39 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: SunX is 0.054% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CASHCATUSDTM	0.1755	0.0100	pay 0.0050% / 4h	17m 12s	$592K	$2.3M	10x
Short	SunX CASHCAT-USDT	0.1756	0.0100	get 0.0013% / 1h	17m 12s	—	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.123%: −$5.44
Slippage, 4 orders: −$373.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$398.5
Costs to cover: 3.931%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; SunX: live order book, 10 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, 4 min ago	6.00 bp	71.9 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	81.49 bp	124.3 bp −$124	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
Hyperliquid CASHCAT	+0.0100%	1h	0.1756	+0.097%	$49.6M	$18.4M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1758	+0.182%	$13.1M	$18.0M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1757	+0.137%	$1.1M	$10.5M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1754	−0.023%	$1.5M	$1.9M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1758	+0.194%	$8.7M	$468K	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1755	long leg	$592K	$2.3M	10x
BingX CASHCAT-USDT	+0.0100%	4h	0.1757	+0.137%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1753	−0.099%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1753	−0.091%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDTshort	+0.0100%	1h	0.1756	+0.069%	—	$2.6M	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CASHCAT-USD	+0.0100%	1h	0.1756	+0.068%	$527	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1763	+0.502%	$19K	$388K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1756	+0.080%	$50K	$490K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0396%	1h	0.1756	+0.091%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1755	+0.047%	$102K	$466K	5x	as long as short
Lighter RH CASHCAT	+0.0592%	1h	0.1758	+0.177%	$335K	$824K	3x	as long as short
Nado CASHCAT-PERP	+0.0625%	1h	0.1753	−0.100%	$247K	$155K	5x	as long as short
edgeX CASHCATUSDC	+0.0782%	4h	0.1757	+0.141%	$53K	$172K	5x	as long as short
Lighter CASHCAT	+0.1448%	1h	0.1758	+0.177%	$1.3M	$1.9M	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1756	+0.055%	$121K	$216K	5x	as long as short
Aster CASHCATUSDT	+0.3609%	1h	0.1755	+0.013%	$576K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1855	+5.722%	$12K	$9K	5.5x	as long as short