Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1104%/8h= +120.9% APRpaid last 24h +0.155%

Price spread now: Arcus against MEXC+0.233%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$2082.077% of the position

Long on MEXC Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.345%+$35 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.233%, 7d avg +0.080%

Together, before fees+0.431%+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Arcus is 0.153% dearer against MEXC than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.080%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.345% in total (about 36.8% a year). A funding rate is set anew for every payment. 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	MEXC CASHCAT_USDT	0.1681	0.2280	pay 0.1140% / 4h	3h 47m	$8.4M	$480K	20x
Short	Arcus CASHCAT-USD	0.1685	0.3384	get 0.0423% / 1h	47m 57s	$116K	$220K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against MEXC. 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 MEXCbpFee ArcusbpOrdersPrice spread, now +0.233%Rate

Funding earned: $231.91
Price spread: +0.233% → +0.080%: $15.3
Slippage, 4 orders: −$183.15
Fee MEXC: 10 bp × 2 orders: −$20
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $39.56
Costs to cover: 2.077%
Break-even: 5.8 days

Slippage from MEXC: live order book, 10 min ago; Arcus: live order book, 25 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 MEXC live order book, 10 min ago	1.49 bp	19.2 bp −$19	286.8 bp −$2,868	1265.1 bp −$126.5K	doesn't fit
Sell Arcus live order book, 25 min ago	13.22 bp	24.7 bp −$25	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	0.1679	−0.134%	$259K	$183K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1677	−0.244%	$46.4M	$20.6M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1681	+0.006%	$1.2M	$10.8M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1675	−0.375%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1675	−0.375%	$589K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1685	+0.264%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1685	+0.256%	$76K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1680	−0.054%	$67K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1682	+0.090%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1676	−0.292%	$503	$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	0.1691	+0.619%	$18K	$386K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1675	−0.352%	$98K	$466K	5x	as long as short
Lighter RH CASHCAT	+0.0272%	1h	0.1678	−0.196%	$326K	$842K	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1691	+0.601%	$51K	$508K	20x	as long as short
Lighter CASHCAT	+0.0936%	1h	0.1679	−0.119%	$1.2M	$1.9M	3x	as long as short
Aster CASHCATUSDT	+0.1830%	1h	0.1676	−0.303%	$552K	$1.1M	10x	as long as short
BingX CASHCAT-USDT	+0.2264%	4h	0.1681	+0.006%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDTlong	+0.2280%	4h	0.1681	long leg	$8.4M	$480K	20x
edgeX CASHCATUSDC	+0.2477%	4h	0.1679	−0.107%	$50K	$171K	5x	as long as short
Bybit CASHCATUSDT	+0.2594%	4h	0.1682	+0.077%	$12.8M	$18.7M	10x	as long as short
Arcus CASHCAT-USDshort	+0.3384%	1h	0.1685	+0.233%	$116K	$220K	5x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1699	+1.077%	$8K	$12K	5.5x	as long as short