Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against KuCoin+0.090%54s7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$369as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3673.673% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.458%+$46 · spread now +0.090%, 7d avg +0.118%

Together, before fees+0.439%+$44 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: SunX is 0.028% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.118%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CASHCATUSDTM	0.1616	0.0100	pay 0.0050% / 4h	3h 38m	$560K	$2.4M	10x
Short	SunX CASHCAT-USDT	0.1617	0.0100	get 0.0013% / 1h	38m 30s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.118%: −$2.84
Slippage, 4 orders: −$347.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$370.1
Costs to cover: 3.673%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; SunX: live order book, 8 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, 3 min ago	4.05 bp	74.0 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	81.36 bp	121.9 bp −$122	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	+0.0096%	1h	0.1614	−0.105%	$1.1M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1617	+0.087%	$44.2M	$19.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1619	+0.179%	$12.1M	$18.8M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1616	−0.025%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1617	+0.074%	$8.0M	$518K	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1616	long leg	$560K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1607	−0.553%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1614	−0.124%	$73K	$64K	50x	as long as short
SunX CASHCAT-USDTshort	+0.0100%	1h	0.1617	+0.090%	—	$2.4M	10x
SoDEX CASHCAT-USD	+0.0100%	1h	0.1616	−0.006%	$485	$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	0.1608	−0.501%	$18K	$321K	10x	as long as short
edgeX CASHCATUSDC	+0.0427%	4h	0.1607	−0.561%	$49K	$169K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1616	+0.023%	$169K	$675K	5x	as long as short
Nado CASHCAT-PERP	+0.0621%	1h	0.1615	−0.037%	$218K	$180K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0643%	1h	0.1616	+0.031%	$66K	$1.3M	3x	as long as short
Lighter RH CASHCAT	+0.0672%	1h	0.1618	+0.093%	$316K	$885K	3x	as long as short
BingX CASHCAT-USDT	+0.0946%	4h	0.1619	+0.186%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0980%	4h	0.1618	+0.124%	$1.5M	$11.2M	20x	as long as short
BloFin CASHCAT-USDT	+0.1280%	4h	0.1618	+0.124%	$52K	$502K	20x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1616	+0.017%	$97K	$265K	5x	as long as short
Aster CASHCATUSDT	+0.3549%	1h	0.1616	0.000%	$540K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1633	+1.052%	$8K	$18K	5.5x	as long as short