Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.2742%/8h= +300.2% APRpaid last 24h +0.196%

Price spread now: Arcus against Gate+0.142%7-day average +0.204% · 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−$328as in the Price arb table

costs, in and out, $10k−$3223.222% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.479%+$48 on $10k

Price spread, last 4 days (all we have)+0.266%+$27 · spread now +0.142%, 7d avg +0.204%

Together, before fees+0.745%+$75 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.061% cheaper against Gate than usual: you would sell low and buy high (spread +0.142% now, against its 7-day average of +0.204%). If the spread goes back, that is −$6 on $10k: about 2 hours of funding at the current rate (+$82 a day). At the pace of the last 3 days (+0.479% in total) that is about 11 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.479% in total (about 50.4% 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	Gate CASHCAT_USDT	0.1665	0.0100	pay 0.0050% / 4h	2h 40m	$1.4M	$1.9M	20x
Short	Arcus CASHCAT-USD	0.1667	0.2842	get 0.0355% / 1h	40m 42s	$115K	$224K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now +0.142%Rate

Funding earned: $575.76
Price spread: +0.142% → +0.204%: −$6.12
Slippage, 4 orders: −$302.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $247.45
Costs to cover: 3.222%
Break-even: 4.0 days

Slippage from Gate: live order book, 2 min ago; Arcus: live order book, 27 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 Gate live order book, 2 min ago	9.02 bp	99.0 bp −$99	1034.5 bp −$10.3K	doesn't fit	doesn't fit
Sell Arcus live order book, 27 min ago	34.90 bp	45.6 bp −$46	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	0.1666	+0.084%	$249K	$189K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1664	−0.006%	$45.6M	$20.6M	3x	as long as short
Gate CASHCAT_USDTlong	+0.0100%	4h	0.1665	long leg	$1.4M	$1.9M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1665	+0.012%	$588K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1667	+0.135%	$1.4M	$1.4M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1673	+0.511%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1668	+0.174%	$67K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1667	+0.124%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1665	+0.024%	$500	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1670	+0.347%	$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	0.1664	−0.015%	$117K	$479K	5x	as long as short
Lighter RH CASHCAT	+0.0288%	1h	0.1667	+0.126%	$324K	$810K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0390%	4h	0.1664	−0.036%	$1.3M	$10.8M	20x	as long as short
Lighter CASHCAT	+0.0456%	1h	0.1666	+0.114%	$1.2M	$1.7M	3x	as long as short
BloFin CASHCAT-USDT	+0.0642%	4h	0.1672	+0.445%	$51K	$490K	20x	as long as short
BingX CASHCAT-USDT	+0.1280%	4h	0.1666	+0.084%	—	$1.0M	—	as long as short
Bybit CASHCATUSDT	+0.1322%	4h	0.1664	−0.048%	$12.6M	$18.6M	10x	as long as short
MEXC CASHCAT_USDT	+0.1354%	4h	0.1667	+0.132%	$8.3M	$496K	20x	as long as short
edgeX CASHCATUSDC	+0.1542%	4h	0.1674	+0.589%	$50K	$170K	5x	as long as short
Aster CASHCATUSDT	+0.1667%	1h	0.1666	+0.099%	$551K	$1.1M	10x	as long as short
Arcus CASHCAT-USDshort	+0.2842%	1h	0.1667	+0.142%	$115K	$224K	5x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1693	+1.706%	$8K	$12K	5.5x	as long as short