Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h +0.178%

Price spread now: Arcus against OKX+0.282%7-day average +0.064% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$2142.137% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.526%+$53 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.282%, 7d avg +0.064%

Together, before fees+0.400%+$40 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: Arcus is 0.218% dearer against OKX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CASHCAT-USDT-SWAP	0.1648	0.0999	pay 0.0499% / 4h	1h 31m	$1.5M	$12.3M	20x
Short	Arcus CASHCAT-USD	0.1653	0.0990	get 0.0124% / 1h	31m 15s	$114K	$292K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now +0.282%Rate

Funding earned: −$1.89
Price spread: +0.282% → +0.064%: $21.76
Slippage, 4 orders: −$199.22
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$193.85
Costs to cover: 2.137%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Arcus: live order book, 12 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 OKX live order book, 2 min ago	6.07 bp	30.0 bp −$30	83.3 bp −$833	doesn't fit	doesn't fit
Sell Arcus live order book, 12 min ago	25.30 bp	36.2 bp −$36	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	−0.0360%	1h	0.1647	−0.073%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1650	+0.097%	$342K	$959K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1649	+0.036%	$45.1M	$20.3M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1647	−0.055%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1647	−0.036%	$579K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1636	−0.721%	$1.0M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1644	−0.255%	$75K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1648	+0.024%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1648	0.000%	$494	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1647	−0.082%	$20K	$291K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CASHCATUSDT	+0.0294%	4h	0.1650	+0.127%	$12.3M	$19.2M	10x	as long as short
Nado CASHCAT-PERP	+0.0308%	1h	0.1645	−0.164%	$207K	$194K	5x	as long as short
MEXC CASHCAT_USDT	+0.0310%	4h	0.1650	+0.097%	$8.2M	$527K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1648	+0.022%	$106K	$756K	5x	as long as short
edgeX CASHCATUSDC	+0.0529%	4h	0.1646	−0.100%	$50K	$169K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0734%	1h	0.1650	+0.091%	$65K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0952%	4h	0.1648	0.000%	—	$1.1M	—	as long as short
Arcus CASHCAT-USDshort	+0.0990%	1h	0.1653	+0.282%	$114K	$292K	5x
OKX CASHCAT-USDT-SWAPlong	+0.0999%	4h	0.1648	long leg	$1.5M	$12.3M	20x
BloFin CASHCAT-USDT	+0.1302%	4h	0.1652	+0.243%	$53K	$567K	20x	as long as short
Aster CASHCATUSDT	+0.1608%	1h	0.1645	−0.157%	$551K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1664	+0.971%	$8K	$19K	5.5x	as long as short