Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.186%

Price spread now: Arcus against Gate−0.124%7-day average +0.207% · 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−$363as in the Price arb table

costs, in and out, $10k−$3293.294% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.515%+$51 on $10k

Price spread, last 4 days (all we have)+0.752%+$75 · spread now −0.124%, 7d avg +0.207%

Together, before fees+1.267%+$127 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 0.332% cheaper against Gate than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.207%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CASHCAT_USDT	0.1644	0.0100	pay 0.0050% / 4h	1h 30m	$1.4M	$1.9M	20x
Short	Arcus CASHCAT-USD	0.1642	0.0100	get 0.0013% / 1h	30m 52s	$114K	$219K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → +0.207%: −$33.16
Slippage, 4 orders: −$309.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$362.61
Costs to cover: 3.294%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Arcus: live order book, 32 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 Gate live order book, 2 min ago	7.31 bp	71.6 bp −$72	1104.2 bp −$11.0K	doesn't fit	doesn't fit
Sell Arcus live order book, 32 min ago	19.00 bp	31.1 bp −$31	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1643	−0.052%	$246K	$185K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1646	+0.158%	$44.9M	$19.3M	3x	as long as short
Arcus CASHCAT-USDshort	+0.0100%	1h	0.1642	−0.124%	$114K	$219K	5x
Gate CASHCAT_USDTlong	+0.0100%	4h	0.1644	long leg	$1.4M	$1.9M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1644	+0.049%	$558K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1648	+0.241%	$1.2M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1641	−0.128%	$74K	$63K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1644	+0.015%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1645	+0.073%	$493	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1642	−0.113%	$18K	$346K	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	+0.0136%	1h	0.1646	+0.148%	$100K	$492K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0158%	1h	0.1645	+0.103%	$66K	$1.2M	3x	as long as short
Lighter RH CASHCAT	+0.0416%	1h	0.1647	+0.189%	$321K	$823K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0526%	4h	0.1650	+0.389%	$1.4M	$10.6M	20x	as long as short
Bybit CASHCATUSDT	+0.0577%	4h	0.1649	+0.329%	$12.3M	$17.9M	10x	as long as short
MEXC CASHCAT_USDT	+0.0598%	4h	0.1648	+0.243%	$8.2M	$498K	20x	as long as short
Aster CASHCATUSDT	+0.0662%	1h	0.1645	+0.104%	$550K	$1.0M	10x	as long as short
BingX CASHCAT-USDT	+0.0700%	4h	0.1651	+0.450%	—	$1.0M	—	as long as short
BloFin CASHCAT-USDT	+0.0758%	4h	0.1646	+0.146%	$52K	$470K	20x	as long as short
Lighter CASHCAT	+0.0840%	1h	0.1647	+0.207%	$1.2M	$1.7M	3x	as long as short
edgeX CASHCATUSDC	+0.1260%	4h	0.1644	+0.054%	$49K	$170K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1654	+0.633%	$8K	$18K	5.5x	as long as short