Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.181%

Price spread now: Nado against KuCoin−0.057%7-day average +0.052% · 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−$291as in the Price arb table

costs, in and out, $10k−$2812.805% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.293%+$29 on $10k

Price spread, last 4 days (all we have)+0.579%+$58 · spread now −0.057%, 7d avg +0.052%

Together, before fees+0.872%+ Points / potential airdropNado: Active · farm board+$87 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: Nado is 0.109% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CASHCATUSDTM	0.1572	0.0100	pay 0.0050% / 4h	34m 56s	$553K	$2.4M	10x
Short	Nado CASHCAT-PERP	0.1571	0.0100	get 0.0012% / 1h	34m 56s	$212K	$203K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.052%: −$10.88
Slippage, 4 orders: −$268.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 0 bp × 2 orders: $0
Net: −$291.4
Costs to cover: 2.805%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Nado: live order book, 23 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, 2 min ago	7.98 bp	80.9 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 23 min ago	16.38 bp	78.3 bp −$78	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	−0.0056%	1h	0.1570	−0.159%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1571	−0.083%	$308K	$842K	3x	as long as short
Nado CASHCAT-PERPshort	+0.0100%	1h	0.1571	−0.057%	$212K	$203K	5x
Hyperliquid CASHCAT	+0.0100%	1h	0.1575	+0.153%	$43.0M	$20.0M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1571	−0.095%	$1.3M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1572	long leg	$553K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1569	−0.234%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1571	−0.089%	$71K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1573	+0.071%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1573	+0.045%	$472	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1571	−0.086%	$17K	$335K	10x	as long as short
Bybit CASHCATUSDT	+0.0284%	4h	0.1576	+0.235%	$11.9M	$18.7M	10x	as long as short
MEXC CASHCAT_USDT	+0.0296%	4h	0.1572	−0.006%	$7.8M	$519K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1575	+0.176%	$96K	$614K	5x	as long as short
edgeX CASHCATUSDC	+0.0539%	4h	0.1572	+0.001%	$47K	$170K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0645%	1h	0.1575	+0.210%	$63K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0714%	4h	0.1577	+0.305%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0771%	4h	0.1577	+0.305%	$1.4M	$10.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.1003%	4h	0.1575	+0.178%	$52K	$485K	20x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1577	+0.311%	$98K	$255K	5x	as long as short
Aster CASHCATUSDT	+0.2254%	1h	0.1572	−0.035%	$522K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1617	+2.850%	$8K	$18K	5.5x	as long as short