Funding arb · Price arb /

CASHCAT

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Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.2088%/8h= +228.6% APRpaid last 24h +0.129%

Price spread now: Arcus against edgeX+0.085%54s7-day average −0.113% · 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—prices read too far apart to compare

costs, in and out, $10k−$5085.082% of the position

Long on edgeX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.432%+$43 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.085%, 7d avg −0.113%

Together, before fees+0.492%+ Points / potential airdropedgeX: Active · farm board+$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$63 a day on $10k at the current rate, and Arcus is 0.198% dearer against edgeX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.113%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.432% in total (about 43.3% 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	edgeX CASHCATUSDC	0.1572	0.0303	pay 0.0151% / 4h	2h 46m	$48K	$169K	5x
Short	Arcus CASHCAT-USD	0.1573	0.2390	get 0.0299% / 1h	46m 45s	$97K	$269K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against edgeX. 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 edgeXbpFee ArcusbpOrdersPrice spread, now +0.085%Rate

Funding earned: $438.38
Price spread: +0.085% → −0.113%: $19.8
Slippage, 4 orders: −$494.7
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$50.02
Costs to cover: 5.082%
Break-even: 7.8 days

Slippage from edgeX: live order book, 65 min ago; Arcus: 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 edgeX live order book, 65 min ago	4.66 bp	155.6 bp −$156	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 2 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	−0.0984%	1h	0.1565	−0.478%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1568	−0.287%	$319K	$919K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1565	−0.453%	$42.7M	$20.0M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1569	−0.211%	$11.7M	$19.0M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1566	−0.408%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1568	−0.243%	$7.8M	$512K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1567	−0.351%	$552K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1574	+0.144%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1570	−0.167%	$71K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1568	−0.247%	—	$2.4M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CASHCAT-USD	+0.0100%	1h	0.1567	−0.300%	$470	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1572	−0.022%	$18K	$310K	10x	as long as short
edgeX CASHCATUSDClong	+0.0303%	4h	0.1572	long leg	$48K	$169K	5x
Aster CASHCATUSDT	+0.0347%	1h	0.1568	−0.243%	$524K	$1.1M	10x	as long as short
Nado CASHCAT-PERP	+0.0383%	1h	0.1567	−0.338%	$212K	$182K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1565	−0.457%	$96K	$743K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0737%	1h	0.1570	−0.167%	$67K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0946%	4h	0.1569	−0.198%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0997%	4h	0.1569	−0.198%	$1.4M	$11.2M	20x	as long as short
BloFin CASHCAT-USDT	+0.1295%	4h	0.1573	+0.056%	$52K	$521K	20x	as long as short
Arcus CASHCAT-USDshort	+0.2390%	1h	0.1573	+0.085%	$97K	$269K	5x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1596	+1.519%	$8K	$18K	5.5x	as long as short