Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.2386%/8h= −261.3% APRpaid last 24h −0.212%

Price spread now: KuCoin against Arcus+0.061%7-day average −0.205% · 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−$285as in the Price arb table

costs, in and out, $10k−$3123.118% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.538%−$54 on $10k

Price spread, last 4 days (all we have)−0.354%−$35 · spread now +0.061%, 7d avg −0.205%

Together, before fees−0.892%−$89 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.266% dearer against Arcus than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of −0.205%): +$27 on $10k if it goes back. Holding the pair costs −$72 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 4 days (−0.538% in total) that is about 43 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.538% in total (about -54.6% 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	0.1608	0.2486	pay 0.0311% / 1h	39m 45s	$97K	$264K	5x
Short	KuCoin CASHCATUSDTM	0.1609	0.0100	get 0.0050% / 4h	3h 39m	$557K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$501.04
Price spread: +0.061% → −0.205%: $26.58
Slippage, 4 orders: −$295.31
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$786.28
Costs to cover: 3.118%
Break-even: never at this rate

Slippage from Arcus: live order book, 14 min ago; KuCoin: live order book, 2 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, 14 min ago	24.30 bp	99.9 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	4.05 bp	67.5 bp −$67	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	0.1614	+0.378%	$1.1M	$1.8M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1617	+0.559%	$44.2M	$19.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1615	+0.472%	$12.1M	$18.8M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1613	+0.328%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1612	+0.260%	$8.0M	$518K	20x	as long as short
KuCoin CASHCATUSDTMshort	+0.0100%	4h	0.1609	+0.061%	$557K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1607	−0.034%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1614	+0.397%	$73K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1610	+0.129%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1610	+0.148%	$483	$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	0.1608	+0.018%	$18K	$321K	10x	as long as short
edgeX CASHCATUSDC	+0.0125%	4h	0.1612	+0.288%	$49K	$169K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1611	+0.186%	$169K	$675K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0607%	1h	0.1610	+0.173%	$66K	$1.3M	3x	as long as short
Nado CASHCAT-PERP	+0.0653%	1h	0.1606	−0.070%	$217K	$180K	5x	as long as short
Lighter RH CASHCAT	+0.0672%	1h	0.1615	+0.465%	$308K	$876K	3x	as long as short
BingX CASHCAT-USDT	+0.0946%	4h	0.1616	+0.521%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0985%	4h	0.1618	+0.646%	$1.5M	$11.2M	20x	as long as short
BloFin CASHCAT-USDT	+0.1281%	4h	0.1612	+0.272%	$52K	$501K	20x	as long as short
Arcus CASHCAT-USDlong	+0.2486%	1h	0.1608	long leg	$97K	$264K	5x
Aster CASHCATUSDT	+0.3413%	1h	0.1611	+0.203%	$538K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1626	+1.143%	$8K	$18K	5.5x	as long as short