Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0890%/8h= −97.4% APRpaid last 24h −0.193%

Price spread now: Gate against Arcus−0.570%7-day average −0.206% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$373as in the Price arb table

costs, in and out, $10k−$3363.363% of the position

Long on Arcus Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.569%−$57 on $10k

Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.570%, 7d avg −0.206%

Together, before fees−0.349%−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Gate is 0.364% cheaper against Arcus than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.206%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CASHCAT-USD	0.1633	0.0990	pay 0.0124% / 1h	54m 03s	$101K	$280K	5x
Short	Gate CASHCAT_USDT	0.1624	0.0100	get 0.0050% / 4h	1h 54m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.570%Rate

Funding earned: −$186.8
Price spread: −0.570% → −0.206%: −$36.36
Slippage, 4 orders: −$316.82
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$559.49
Costs to cover: 3.363%
Break-even: never at this rate

Slippage from Arcus: live order book, 54 min ago; Gate: live order book, 4 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, 54 min ago	18.97 bp	123.8 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	9.51 bp	47.5 bp −$47	156.0 bp −$1,560	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	+0.0088%	1h	0.1625	−0.515%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1625	−0.509%	$349K	$939K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1625	−0.497%	$44.4M	$20.1M	3x	as long as short
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1624	−0.570%	$1.5M	$2.0M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1625	−0.515%	$569K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1627	−0.346%	$1.0M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1633	+0.006%	$74K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1627	−0.387%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1625	−0.509%	$487	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1627	−0.389%	$19K	$297K	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	+0.0480%	1h	0.1625	−0.489%	$103K	$751K	5x	as long as short
Bybit CASHCATUSDT	+0.0527%	4h	0.1626	−0.411%	$12.2M	$19.1M	10x	as long as short
MEXC CASHCAT_USDT	+0.0550%	4h	0.1626	−0.423%	$8.1M	$524K	20x	as long as short
Nado CASHCAT-PERP	+0.0678%	1h	0.1622	−0.702%	$207K	$192K	5x	as long as short
edgeX CASHCATUSDC	+0.0780%	4h	0.1634	+0.040%	$49K	$168K	5x	as long as short
Arcus CASHCAT-USDlong	+0.0990%	1h	0.1633	long leg	$101K	$280K	5x
Polymarket Perps CASHCAT-USD	+0.1012%	1h	0.1626	−0.441%	$63K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.1064%	4h	0.1625	−0.497%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1106%	4h	0.1625	−0.497%	$1.5M	$12.1M	20x	as long as short
BloFin CASHCAT-USDT	+0.1468%	4h	0.1631	−0.129%	$52K	$559K	20x	as long as short
Aster CASHCATUSDT	+0.1593%	1h	0.1629	−0.270%	$546K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1659	+1.585%	$8K	$19K	5.5x	as long as short