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: KuCoin against MEXC−0.263%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$1871.874% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.368%+$37 · spread now −0.263%, 7d avg −0.071%

Together, before fees+0.332%+$33 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: KuCoin is 0.191% cheaper against MEXC than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CASHCAT_USDT	0.1750	0.0100	pay 0.0050% / 4h	1h 45m	$8.7M	$464K	20x
Short	KuCoin CASHCATUSDTM	0.1746	0.0100	get 0.0050% / 4h	1h 45m	$590K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now −0.263%Rate

Funding earned: $0
Price spread: −0.263% → −0.071%: −$19.15
Slippage, 4 orders: −$155.36
Fee MEXC: 10 bp × 2 orders: −$20
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$206.5
Costs to cover: 1.874%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: 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 MEXC live order book, 2 min ago	5.72 bp	20.2 bp −$20	285.7 bp −$2,857	1370.1 bp −$137.0K	doesn't fit
Sell KuCoin live order book, 1 min ago	7.16 bp	70.9 bp −$71	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	+0.0096%	1h	0.1747	−0.177%	$1.3M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1749	−0.103%	$49.5M	$18.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1750	0.000%	$13.1M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1749	−0.074%	$1.1M	$11.0M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1741	−0.531%	$102K	$192K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1744	−0.331%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDTlong	+0.0100%	4h	0.1750	long leg	$8.7M	$464K	20x
KuCoin CASHCATUSDTMshort	+0.0100%	4h	0.1746	−0.263%	$590K	$2.4M	10x
BingX CASHCAT-USDT	+0.0100%	4h	0.1748	−0.131%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1731	−1.114%	$1.4M	$1.7M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1743	−0.440%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1744	−0.351%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1745	−0.309%	$523	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1744	−0.374%	$19K	$409K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1743	−0.417%	$50K	$506K	20x	as long as short
edgeX CASHCATUSDC	+0.0363%	4h	0.1734	−0.917%	$52K	$171K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1746	−0.244%	$96K	$469K	5x	as long as short
Nado CASHCAT-PERP	+0.0573%	1h	0.1743	−0.417%	$246K	$159K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0713%	1h	0.1746	−0.257%	$66K	$1.3M	3x	as long as short
Lighter RH CASHCAT	+0.0928%	1h	0.1749	−0.074%	$339K	$791K	3x	as long as short
Aster CASHCATUSDT	+0.2006%	1h	0.1747	−0.165%	$571K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1756	+0.326%	$12K	$9K	5.5x	as long as short