Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin+1.360%7-day average +0.255% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.014%+$1 on $10k

Price spread, last 7 days−1.432%−$143 · spread now +1.360%, 7d avg +0.255%

Together, before fees−1.419%+ Points / potential airdropVariational Omni: Active · farm board−$142 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: Variational Omni is 1.105% dearer against KuCoin than usual: you sell high and buy low, +$111 on $10k if it goes back to its 7-day average of +0.255%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CASHCATUSDTM	0.1684	0.0100	pay 0.0050% / 4h	2h 54m	$613K	$2.4M	10x
Short	Variational Omni CASHCAT	0.1707	0.0100	get 0.0050% / 4h	2h 54m	$1.1M	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +1.360%Rate

Funding earned: $0
Price spread: +1.360% → +0.255%: $110.53
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $98.53
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 2 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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, 2 min ago	7.61 bp	192.8 bp −$193	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	8.66 bp	doesn't fit	147.2 bp −$1,472	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	0.1686	+0.107%	$46.6M	$20.0M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1686	+0.107%	$1.5M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1684	long leg	$613K	$2.4M	10x
Variational Omni CASHCATshort	+0.0100%	4h	0.1707	+1.360%	$1.1M	$1.8M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1712	+1.650%	$83K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1691	+0.416%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1686	+0.112%	—	$2.0M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1686	+0.095%	$506	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1690	+0.344%	$20K	$227K	10x	as long as short
Lighter RH CASHCAT	+0.0120%	1h	0.1686	+0.113%	$351K	$887K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CASHCAT	+0.0168%	1h	0.1686	+0.059%	$1.1M	$1.6M	3x	as long as short
MEXC CASHCAT_USDT	+0.0398%	4h	0.1686	+0.113%	$8.7M	$553K	20x	as long as short
Bybit CASHCATUSDT	+0.0399%	4h	0.1688	+0.178%	$12.8M	$19.1M	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1685	+0.056%	$242K	$868K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0509%	4h	0.1690	+0.327%	$1.3M	$12.6M	20x	as long as short
BingX CASHCAT-USDT	+0.0528%	4h	0.1689	+0.267%	—	$1.1M	—	as long as short
edgeX CASHCATUSDC	+0.0690%	4h	0.1716	+1.841%	$52K	$167K	5x	as long as short
BloFin CASHCAT-USDT	+0.0758%	4h	0.1684	−0.030%	$51K	$600K	20x	as long as short
Nado CASHCAT-PERP	+0.1691%	1h	0.1687	+0.148%	$251K	$206K	5x	as long as short
Aster CASHCATUSDT	+0.3941%	1h	0.1693	+0.528%	$561K	$1.0M	10x	as long as short
Arcus CASHCAT-USD	+0.4530%	1h	0.1697	+0.719%	$105K	$316K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1735	+2.998%	$8K	$18K	5.5x	as long as short