Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0561%/8h= +61.4% APRpaid last 24h −0.189%

Price spread now: OKX against Arcus−0.002%7-day average −0.062% · 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−$222as in the Price arb table

costs, in and out, $10k−$2282.279% of the position

Long on Arcus Short on OKX

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)−0.177%−$18 · spread now −0.002%, 7d avg −0.062%

Together, before fees−0.716%−$72 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and OKX is 0.060% dearer against Arcus than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.062%. Mind the row above: over the last 4 days funding on this pair cost −0.538%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CASHCAT-USD	0.1678	0.0100	pay 0.0013% / 1h	9m 44s	$104K	$316K	5x
Short	OKX CASHCAT-USDT-SWAP	0.1678	0.0661	get 0.0331% / 4h	9m 44s	$1.4M	$12.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Arcus. 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 ArcusbpFee OKXbpOrdersPrice spread, now −0.002%Rate

Funding earned: $117.85
Price spread: −0.002% → −0.062%: $6
Slippage, 4 orders: −$213.42
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$104.07
Costs to cover: 2.279%
Break-even: 13.2 days

Slippage from Arcus: live order book, 29 min ago; OKX: 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, 29 min ago	35.16 bp	130.5 bp −$130	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	5.97 bp	28.2 bp −$28	76.3 bp −$763	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	0.1679	+0.039%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1680	+0.141%	$350K	$974K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1680	+0.141%	$46.3M	$20.5M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1681	+0.159%	$12.5M	$19.2M	10x	as long as short
Arcus CASHCAT-USDlong	+0.0100%	1h	0.1678	long leg	$104K	$316K	5x
Gate CASHCAT_USDT	+0.0100%	4h	0.1679	+0.045%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1681	+0.182%	$8.5M	$540K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1677	−0.062%	$599K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1676	−0.092%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1677	−0.038%	$76K	$60K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CASHCAT-USDT	+0.0100%	1h	0.1684	+0.380%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1677	−0.035%	$22K	$260K	10x	as long as short
SoDEX CASHCAT-USD	+0.0276%	1h	0.1681	+0.206%	$504	$1K	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1680	+0.130%	$241K	$887K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0578%	1h	0.1679	+0.039%	$66K	$1.4M	3x	as long as short
BingX CASHCAT-USDT	+0.0630%	4h	0.1679	+0.057%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAPshort	+0.0661%	4h	0.1678	−0.002%	$1.4M	$12.8M	20x
edgeX CASHCATUSDC	+0.0790%	4h	0.1676	−0.137%	$51K	$169K	5x	as long as short
BloFin CASHCAT-USDT	+0.0903%	4h	0.1677	−0.062%	$52K	$584K	20x	as long as short
Nado CASHCAT-PERP	+0.1422%	1h	0.1680	+0.096%	$248K	$206K	5x	as long as short
Aster CASHCATUSDT	+0.3640%	1h	0.1677	−0.050%	$561K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1749	+4.229%	$9K	$18K	5.5x	as long as short