Funding arb · Price arb /

CASHCAT

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Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1300%/8h= −142.3% APRpaid last 24h −0.172%

Price spread now: edgeX against Arcus+0.730%54s7-day average +0.115% · 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—prices read too far apart to compare

costs, in and out, $10k−$4474.470% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.352%−$35 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.730%, 7d avg +0.115%

Together, before fees−0.368%+ Points / potential airdropedgeX: Active · farm board−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.615% dearer against Arcus than usual: you sell high and buy low (spread +0.730% now, against its 7-day average of +0.115%): +$62 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 3 days (−0.352% in total) that is about 6.1 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.352% in total (about -37.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CASHCAT-USD	0.1662	0.2842	pay 0.0355% / 1h	38m 14s	$115K	$224K	5x
Short	edgeX CASHCATUSDC	0.1674	0.1542	get 0.0771% / 4h	2h 38m	$50K	$170K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now +0.730%Rate

Funding earned: −$272.91
Price spread: +0.730% → +0.115%: $61.51
Slippage, 4 orders: −$433.53
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$658.43
Costs to cover: 4.470%
Break-even: never at this rate

Slippage from Arcus: live order book, 30 min ago; edgeX: live order book, 28 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 Arcus live order book, 30 min ago	34.90 bp	111.9 bp −$112	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 28 min ago	6.49 bp	130.5 bp −$131	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1657	−0.288%	$248K	$189K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1657	−0.294%	$45.4M	$20.4M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1656	−0.360%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1659	−0.203%	$586K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1667	+0.274%	$1.4M	$1.4M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1673	+0.651%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1659	−0.215%	$67K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1654	−0.496%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1655	−0.450%	$496	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1667	+0.280%	$18K	$369K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1656	−0.380%	$116K	$479K	5x	as long as short
Lighter RH CASHCAT	+0.0288%	1h	0.1658	−0.288%	$322K	$810K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0403%	4h	0.1659	−0.197%	$1.3M	$10.7M	20x	as long as short
Lighter CASHCAT	+0.0480%	1h	0.1658	−0.288%	$1.2M	$1.7M	3x	as long as short
BloFin CASHCAT-USDT	+0.0642%	4h	0.1672	+0.585%	$51K	$490K	20x	as long as short
Bybit CASHCATUSDT	+0.1204%	4h	0.1658	−0.276%	$12.5M	$18.6M	10x	as long as short
MEXC CASHCAT_USDT	+0.1238%	4h	0.1659	−0.197%	$8.3M	$496K	20x	as long as short
BingX CASHCAT-USDT	+0.1280%	4h	0.1658	−0.257%	—	$1.0M	—	as long as short
edgeX CASHCATUSDCshort	+0.1542%	4h	0.1674	+0.730%	$50K	$170K	5x
Aster CASHCATUSDT	+0.1585%	1h	0.1660	−0.150%	$548K	$1.1M	10x	as long as short
Arcus CASHCAT-USDlong	+0.2842%	1h	0.1662	long leg	$115K	$224K	5x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1693	+1.848%	$8K	$12K	5.5x	as long as short