Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0487%/8h= +53.3% APRpaid last 24h +0.222%

Price spread now: Arcus against Bybit+0.434%7-day average +0.037% · 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−$230as in the Price arb table

costs, in and out, $10k−$2702.700% of the position

Long on Bybit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.476%+$48 on $10k

Price spread, last 4 days (all we have)−0.483%−$48 · spread now +0.434%, 7d avg +0.037%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Arcus is 0.397% dearer against Bybit than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CASHCATUSDT	0.1623	0.0503	pay 0.0251% / 4h	1h 53m	$12.2M	$19.1M	10x
Short	Arcus CASHCAT-USD	0.1631	0.0990	get 0.0124% / 1h	53m 29s	$101K	$280K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bybit. 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 BybitbpFee ArcusbpOrdersPrice spread, now +0.434%Rate

Funding earned: $102.17
Price spread: +0.434% → +0.037%: $39.7
Slippage, 4 orders: −$254.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$128.17
Costs to cover: 2.700%
Break-even: 15.8 days

Slippage from Bybit: live order book, 5 min ago; Arcus: live order book, 55 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 Bybit live order book, 5 min ago	3.67 bp	32.7 bp −$33	109.0 bp −$1,090	doesn't fit	doesn't fit
Sell Arcus live order book, 55 min ago	18.97 bp	75.5 bp −$75	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	+0.0088%	1h	0.1623	−0.062%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1623	−0.037%	$349K	$939K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1623	0.000%	$44.4M	$20.1M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1621	−0.154%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1622	−0.074%	$567K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1627	+0.244%	$1.0M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1633	+0.597%	$74K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1627	+0.203%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1625	+0.080%	$487	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1627	+0.200%	$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	0.1622	−0.067%	$103K	$751K	5x	as long as short
Bybit CASHCATUSDTlong	+0.0503%	4h	0.1623	long leg	$12.2M	$19.1M	10x
MEXC CASHCAT_USDT	+0.0526%	4h	0.1624	+0.037%	$8.1M	$525K	20x	as long as short
Nado CASHCAT-PERP	+0.0678%	1h	0.1622	−0.114%	$207K	$192K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0979%	1h	0.1624	+0.049%	$63K	$1.3M	3x	as long as short
Arcus CASHCAT-USDshort	+0.0990%	1h	0.1631	+0.434%	$101K	$280K	5x
BingX CASHCAT-USDT	+0.1064%	4h	0.1623	−0.031%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1106%	4h	0.1623	−0.031%	$1.5M	$12.1M	20x	as long as short
edgeX CASHCATUSDC	+0.1194%	4h	0.1630	+0.398%	$49K	$168K	5x	as long as short
BloFin CASHCAT-USDT	+0.1468%	4h	0.1631	+0.462%	$52K	$559K	20x	as long as short
Aster CASHCATUSDT	+0.1582%	1h	0.1624	+0.052%	$545K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1659	+2.187%	$8K	$19K	5.5x	as long as short