Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.212%

Price spread now: Arcus against BingX−0.221%7-day average +0.098% · 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−$370as in the Price arb table

costs, in and out, $10k−$3383.384% of the position

Long on BingX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.298%+$30 on $10k

Price spread, last 4 days (all we have)+0.480%+$48 · spread now −0.221%, 7d avg +0.098%

Together, before fees+0.778%+$78 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: Arcus is 0.319% cheaper against BingX than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CASHCAT-USDT	0.1744	0.0100	pay 0.0050% / 4h	1h 46m	—	$1.0M	—
Short	Arcus CASHCAT-USD	0.1740	0.0100	get 0.0013% / 1h	46m 59s	$102K	$191K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against BingX. 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 BingXbpFee ArcusbpOrdersPrice spread, now −0.221%Rate

Funding earned: $0
Price spread: −0.221% → +0.098%: −$31.89
Slippage, 4 orders: −$323.93
Fee BingX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$370.32
Costs to cover: 3.384%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Arcus: live order book, 36 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 BingX live order book, 8 min ago	11.57 bp	30.4 bp −$30	77.7 bp −$777	913.4 bp −$91.3K	1282.0 bp −$641.0K
Sell Arcus live order book, 36 min ago	42.02 bp	143.6 bp −$144	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	0.1744	+0.017%	$1.2M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1744	+0.021%	$49.4M	$18.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1746	+0.109%	$13.0M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1745	+0.057%	$1.1M	$11.0M	20x	as long as short
Arcus CASHCAT-USDshort	+0.0100%	1h	0.1740	−0.221%	$102K	$191K	5x
Gate CASHCAT_USDT	+0.0100%	4h	0.1745	+0.052%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1747	+0.166%	$8.7M	$464K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1745	+0.052%	$590K	$2.4M	10x	as long as short
BingX CASHCAT-USDTlong	+0.0100%	4h	0.1744	long leg	—	$1.0M	—
Variational Omni CASHCAT	+0.0100%	4h	0.1731	−0.757%	$1.4M	$1.7M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1743	−0.080%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1746	+0.133%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1744	+0.029%	$523	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1739	−0.312%	$19K	$409K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1743	−0.057%	$50K	$506K	20x	as long as short
edgeX CASHCATUSDC	+0.0363%	4h	0.1734	−0.559%	$52K	$171K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1745	+0.053%	$96K	$469K	5x	as long as short
Nado CASHCAT-PERP	+0.0589%	1h	0.1743	−0.069%	$246K	$159K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0731%	1h	0.1747	+0.161%	$66K	$1.3M	3x	as long as short
Lighter RH CASHCAT	+0.0920%	1h	0.1746	+0.132%	$338K	$791K	3x	as long as short
Aster CASHCATUSDT	+0.1938%	1h	0.1742	−0.138%	$570K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1756	+0.688%	$12K	$9K	5.5x	as long as short