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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin−0.344%7-day average +0.242% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 7 days+0.265%+$27 · spread now −0.344%, 7d avg +0.242%

Together, before fees+0.279%+ Points / potential airdropVariational Omni: Active · farm board+$28 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: Variational Omni is 0.586% cheaper against KuCoin than usual: you would sell low and buy high, −$59 on $10k if it goes back to its 7-day average of +0.242%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CASHCATUSDTM	0.1673	0.0100	pay 0.0050% / 4h	2h 36m	$590K	$2.4M	10x
Short	Variational Omni CASHCAT	0.1667	0.0100	get 0.0050% / 4h	2h 36m	$1.4M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.344%Rate

Funding earned: $0
Price spread: −0.344% → +0.242%: −$58.64
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$70.64
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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, 5 min ago	5.70 bp	83.5 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	9.04 bp	doesn't fit	63.3 bp −$633	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	0.1665	−0.442%	$249K	$189K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1672	−0.029%	$45.8M	$20.4M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1671	−0.114%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1673	long leg	$590K	$2.4M	10x
Variational Omni CASHCATshort	+0.0100%	4h	0.1667	−0.344%	$1.4M	$1.4M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1669	−0.203%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1665	−0.430%	$67K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1666	−0.400%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1664	−0.526%	$499	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1667	−0.311%	$18K	$369K	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	+0.0104%	1h	0.1672	−0.064%	$117K	$479K	5x	as long as short
Lighter RH CASHCAT	+0.0336%	1h	0.1665	−0.466%	$324K	$811K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0424%	4h	0.1674	+0.084%	$1.3M	$10.8M	20x	as long as short
Lighter CASHCAT	+0.0488%	1h	0.1668	−0.269%	$1.2M	$1.7M	3x	as long as short
BloFin CASHCAT-USDT	+0.0642%	4h	0.1672	−0.036%	$51K	$490K	20x	as long as short
MEXC CASHCAT_USDT	+0.1262%	4h	0.1672	−0.060%	$8.3M	$497K	20x	as long as short
Bybit CASHCATUSDT	+0.1263%	4h	0.1675	+0.132%	$12.7M	$18.6M	10x	as long as short
BingX CASHCAT-USDT	+0.1280%	4h	0.1676	+0.203%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.1464%	4h	0.1662	−0.646%	$50K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.1497%	1h	0.1663	−0.568%	$550K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1668	−0.290%	$115K	$224K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1693	+1.220%	$8K	$12K	5.5x	as long as short