Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.3749%/8h= +410.5% APRpaid last 24h +0.233%

Price spread now: Arcus against Variational Omni−0.227%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 Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.523%+$52 on $10k

Price spread, last 4 days (all we have)−3.533%−$353 · spread now −0.227%, 7d avg −0.242%

Together, before fees−3.010%+ Points / potential airdropVariational Omni: Active · farm board−$301 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.242%, so right now this pair is about funding alone: +$112 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.523% in total (about 51.9% 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	Variational Omni CASHCAT	0.1686	0.0100	pay 0.0050% / 4h	3h 41m	$1.1M	$1.8M	—
Short	Arcus CASHCAT-USD	0.1683	0.3849	get 0.0481% / 1h	41m 05s	$104K	$313K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Variational Omni. 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 Variational OmnibpFee ArcusbpOrdersPrice spread, now −0.227%Rate

Funding earned: $787.32
Price spread: −0.227% → −0.242%: $1.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $784.35
Costs to cover: 0.045%
Break-even: 0.0 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Arcus: live order book, 57 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 Variational Omni RFQ quote, 3 min ago	11.86 bp	doesn't fit	118.6 bp −$1,186	doesn't fit	doesn't fit
Sell Arcus live order book, 57 min ago	35.16 bp	41.6 bp −$42	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 RH CASHCAT	+0.0096%	1h	0.1686	+0.005%	$361K	$932K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1694	+0.485%	$46.7M	$20.6M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1698	+0.669%	$12.8M	$19.2M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1689	+0.147%	$1.5M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1693	+0.390%	$608K	$2.4M	10x	as long as short
Variational Omni CASHCATlong	+0.0100%	4h	0.1686	long leg	$1.1M	$1.8M	—
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1681	−0.286%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1687	+0.031%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1690	+0.218%	$507	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1684	−0.148%	$22K	$253K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0144%	1h	0.1689	+0.147%	$77K	$60K	50x	as long as short
MEXC CASHCAT_USDT	+0.0172%	4h	0.1686	+0.011%	$8.5M	$532K	20x	as long as short
Lighter CASHCAT	+0.0368%	1h	0.1686	+0.005%	$1.1M	$1.7M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1686	−0.023%	$242K	$884K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0520%	4h	0.1700	+0.811%	$1.4M	$13.0M	20x	as long as short
BingX CASHCAT-USDT	+0.0522%	4h	0.1694	+0.455%	—	$1.1M	—	as long as short
BloFin CASHCAT-USDT	+0.0770%	4h	0.1684	−0.138%	$52K	$596K	20x	as long as short
edgeX CASHCATUSDC	+0.1519%	4h	0.1687	+0.012%	$51K	$169K	5x	as long as short
Nado CASHCAT-PERP	+0.1537%	1h	0.1683	−0.206%	$250K	$204K	5x	as long as short
Arcus CASHCAT-USDshort	+0.3849%	1h	0.1683	−0.227%	$104K	$313K	5x
Aster CASHCATUSDT	+0.4228%	1h	0.1688	+0.100%	$548K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+0.989%	$8K	$18K	5.5x	as long as short