Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC−0.031%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1861.859% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.069%+$7 · spread now −0.031%, 7d avg −0.081%

Together, before fees+0.033%+$3 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: KuCoin is 0.050% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CASHCAT_USDT	0.1615	0.0100	pay 0.0050% / 4h	3h 37m	$8.0M	$518K	20x
Short	KuCoin CASHCATUSDTM	0.1615	0.0100	get 0.0050% / 4h	3h 37m	$559K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.081%: $4.97
Slippage, 4 orders: −$153.9
Fee MEXC: 10 bp × 2 orders: −$20
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$180.92
Costs to cover: 1.859%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 4 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, 5 min ago	2.80 bp	22.6 bp −$23	309.1 bp −$3,091	1217.2 bp −$121.7K	doesn't fit
Sell KuCoin live order book, 4 min ago	4.05 bp	67.5 bp −$67	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	0.1613	−0.136%	$1.1M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1616	+0.043%	$44.2M	$19.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1617	+0.099%	$12.1M	$18.8M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1614	−0.068%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDTlong	+0.0100%	4h	0.1615	long leg	$8.0M	$518K	20x
KuCoin CASHCATUSDTMshort	+0.0100%	4h	0.1615	−0.031%	$559K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1607	−0.497%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1618	+0.155%	$73K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1616	+0.083%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1616	+0.068%	$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	0.1616	+0.053%	$18K	$321K	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1614	−0.074%	$169K	$675K	5x	as long as short
Nado CASHCAT-PERP	+0.0611%	1h	0.1613	−0.149%	$218K	$180K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0643%	1h	0.1616	+0.087%	$66K	$1.3M	3x	as long as short
Lighter RH CASHCAT	+0.0672%	1h	0.1616	+0.080%	$316K	$885K	3x	as long as short
edgeX CASHCATUSDC	+0.0704%	4h	0.1617	+0.094%	$49K	$169K	5x	as long as short
BingX CASHCAT-USDT	+0.0946%	4h	0.1615	−0.006%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0975%	4h	0.1618	+0.180%	$1.5M	$11.2M	20x	as long as short
BloFin CASHCAT-USDT	+0.1280%	4h	0.1618	+0.180%	$52K	$502K	20x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1616	+0.076%	$97K	$265K	5x	as long as short
Aster CASHCATUSDT	+0.3612%	1h	0.1616	+0.062%	$540K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1633	+1.108%	$8K	$18K	5.5x	as long as short