Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h −0.186%

Price spread now: Bybit against Arcus+1.700%7-day average −0.041% · 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−$60as in the Price arb table

costs, in and out, $10k−$2352.345% of the position

Long on Arcus Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.421%−$42 on $10k

Price spread, last 4 days (all we have)−1.285%−$129 · spread now +1.700%, 7d avg −0.041%

Together, before fees−1.706%−$171 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 1.741% dearer against Arcus than usual: you sell high and buy low: +$174 more if the spread goes back to its 7-day average of −0.041%. Mind the row above: over the last 4 days funding on this pair cost −0.421%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CASHCAT-USD	0.1557	0.0100	pay 0.0013% / 1h	6m 28s	$108K	$236K	5x
Short	Bybit CASHCATUSDT	0.1583	0.0282	get 0.0141% / 4h	1h 06m	$12.1M	$18.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Arcus. 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 ArcusbpFee BybitbpOrdersPrice spread, now +1.700%Rate

Funding earned: $38.17
Price spread: +1.700% → −0.041%: $174.13
Slippage, 4 orders: −$219
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.2
Costs to cover: 2.345%
Break-even: 11.1 days

Slippage from Arcus: live order book, 57 min ago; Bybit: live order book, 2 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 Arcus live order book, 57 min ago	19.00 bp	151.6 bp −$152	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.37 bp	18.6 bp −$19	101.6 bp −$1,016	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	0.1564	+0.492%	$306K	$837K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1580	+1.533%	$43.3M	$19.8M	3x	as long as short
Arcus CASHCAT-USDlong	+0.0100%	1h	0.1557	long leg	$108K	$236K	5x
Gate CASHCAT_USDT	+0.0100%	4h	0.1562	+0.351%	$1.3M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1585	+1.803%	$540K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1651	+6.074%	$1.2M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1614	+3.685%	$73K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1575	+1.200%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1572	+0.968%	$471	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1569	+0.776%	$17K	$341K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado CASHCAT-PERP	+0.0106%	1h	0.1580	+1.530%	$218K	$200K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0217%	1h	0.1577	+1.282%	$64K	$1.2M	3x	as long as short
Bybit CASHCATUSDTshort	+0.0282%	4h	0.1583	+1.700%	$12.1M	$18.3M	10x
MEXC CASHCAT_USDT	+0.0296%	4h	0.1585	+1.809%	$7.9M	$522K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1565	+0.535%	$147K	$561K	5x	as long as short
BingX CASHCAT-USDT	+0.0542%	4h	0.1584	+1.764%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0595%	4h	0.1584	+1.764%	$1.3M	$10.5M	20x	as long as short
Lighter CASHCAT	+0.0648%	1h	0.1562	+0.351%	$1.1M	$1.7M	3x	as long as short
BloFin CASHCAT-USDT	+0.0811%	4h	0.1580	+1.507%	$49K	$463K	20x	as long as short
edgeX CASHCATUSDC	+0.1048%	4h	0.1626	+4.448%	$49K	$170K	5x	as long as short
Aster CASHCATUSDT	+0.1689%	1h	0.1572	+0.969%	$525K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1618	+3.949%	$8K	$18K	5.5x	as long as short