Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Variational Omni−0.114%7-day average −0.237% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 7 days+0.199%+$20 · spread now −0.114%, 7d avg −0.237%

Together, before fees+0.185%+ Points / potential airdropVariational Omni: Active · farm board+$19 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 0.122% dearer against Variational Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.237%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CASHCAT	0.1693	0.0100	pay 0.0050% / 4h	3h 35m	$1.4M	$1.5M	—
Short	KuCoin CASHCATUSDTM	0.1691	0.0100	get 0.0050% / 4h	3h 35m	$600K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → −0.237%: $12.21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $0.21
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; KuCoin: live order book, 11 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 Variational Omni RFQ quote, 3 min ago	8.87 bp	doesn't fit	168.5 bp −$1,685	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	5.94 bp	71.0 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 RH CASHCAT	+0.0096%	1h	0.1691	−0.067%	$329K	$844K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1690	−0.174%	$257K	$186K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1690	−0.138%	$46.6M	$20.5M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1690	−0.150%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTMshort	+0.0100%	4h	0.1691	−0.114%	$600K	$2.4M	10x
Variational Omni CASHCATlong	+0.0100%	4h	0.1693	long leg	$1.4M	$1.5M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1688	−0.280%	$76K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1690	−0.162%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1689	−0.227%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1689	−0.215%	$507	$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	0.1692	−0.026%	$18K	$382K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1691	−0.108%	$99K	$465K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0137%	4h	0.1695	+0.140%	$1.2M	$10.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.0369%	4h	0.1690	−0.156%	$50K	$510K	20x	as long as short
Lighter CASHCAT	+0.0776%	1h	0.1694	+0.057%	$1.2M	$1.9M	3x	as long as short
Aster CASHCATUSDT	+0.1705%	1h	0.1683	−0.546%	$556K	$1.1M	10x	as long as short
Bybit CASHCATUSDT	+0.1790%	4h	0.1694	+0.110%	$12.9M	$18.7M	10x	as long as short
MEXC CASHCAT_USDT	+0.1826%	4h	0.1693	−0.008%	$8.4M	$484K	20x	as long as short
BingX CASHCAT-USDT	+0.2362%	4h	0.1694	+0.080%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.2495%	4h	0.1691	−0.111%	$51K	$171K	5x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1690	−0.175%	$116K	$219K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+0.612%	$8K	$12K	5.5x	as long as short