CASHCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0299%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.047%7-day average +0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$486as in the Funding arb table

Net, price: spread back to 7d avg − costs−$505as in the Price arb table

costs, in and out, $10k−$4894.894% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.047%, 7d avg +0.110%

Together, before fees+0.045%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.157% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.047% now, against its 7-day average of +0.110%). If the spread goes back, that is −$16 on $10k: about 42 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.039% in total) that is about 28 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.50 per $10,000. 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	KuCoin CASHCATUSDTM	0.1691	0.0100	pay 0.0050% / 4h	2h 55m	$616K	$2.4M	10x
Short	Bybit CASHCATUSDT	0.1690	0.0399	get 0.0200% / 4h	2h 55m	$12.9M	$19.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.047%Rate

Funding earned: $62.87
Price spread: −0.047% → +0.110%: −$15.73
Slippage, 4 orders: −$466.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$442.28
Costs to cover: 4.894%
Break-even: 56.2 days

Slippage from KuCoin: live order book, 1 min ago; Bybit: live order book, 3 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 KuCoin live order book, 1 min ago	7.61 bp	192.8 bp −$193	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.92 bp	41.7 bp −$42	153.8 bp −$1,538	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
Hyperliquid CASHCAT	+0.0100%	1h	0.1692	+0.065%	$46.7M	$20.3M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1690	−0.047%	$1.6M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1691	long leg	$616K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1707	+1.001%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1712	+1.290%	$83K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1691	+0.059%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1686	−0.244%	—	$2.0M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1686	−0.260%	$506	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1712	+1.263%	$20K	$227K	10x	as long as short
Lighter RH CASHCAT	+0.0128%	1h	0.1703	+0.728%	$354K	$881K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter CASHCAT	+0.0184%	1h	0.1704	+0.799%	$1.2M	$1.6M	3x	as long as short
Bybit CASHCATUSDTshort	+0.0399%	4h	0.1690	−0.047%	$12.9M	$19.1M	10x
MEXC CASHCAT_USDT	+0.0442%	4h	0.1692	+0.101%	$8.7M	$546K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1690	−0.050%	$243K	$868K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0509%	4h	0.1687	−0.207%	$1.3M	$12.6M	20x	as long as short
BingX CASHCAT-USDT	+0.0608%	4h	0.1689	−0.089%	—	$1.1M	—	as long as short
edgeX CASHCATUSDC	+0.0690%	4h	0.1716	+1.479%	$52K	$167K	5x	as long as short
BloFin CASHCAT-USDT	+0.0763%	4h	0.1713	+1.331%	$52K	$607K	20x	as long as short
Nado CASHCAT-PERP	+0.1691%	1h	0.1687	−0.207%	$251K	$206K	5x	as long as short
Aster CASHCATUSDT	+0.3982%	1h	0.1698	+0.458%	$563K	$1.0M	10x	as long as short
Arcus CASHCAT-USD	+0.4530%	1h	0.1709	+1.068%	$106K	$309K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1735	+2.632%	$8K	$18K	5.5x	as long as short