Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0427%/8h= −46.8% APRpaid last 24h +0.186%

Price spread now: Arcus against OKX+0.115%7-day average +0.064% · 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−$235as in the Price arb table

costs, in and out, $10k−$2402.398% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.486%+$49 on $10k

Price spread, last 4 days (all we have)−0.394%−$39 · spread now +0.115%, 7d avg +0.064%

Together, before fees+0.091%+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.051% dearer against OKX than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of +0.064%): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 4 days funding on this pair paid +0.486%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CASHCAT-USDT-SWAP	0.1640	0.0527	pay 0.0263% / 4h	1h 27m	$1.4M	$10.5M	20x
Short	Arcus CASHCAT-USD	0.1642	0.0100	get 0.0013% / 1h	27m 16s	$114K	$219K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$89.66
Price spread: +0.115% → +0.064%: $5.07
Slippage, 4 orders: −$225.34
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$324.43
Costs to cover: 2.398%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Arcus: live order book, 36 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 OKX live order book, 6 min ago	6.08 bp	27.3 bp −$27	89.6 bp −$896	doesn't fit	doesn't fit
Sell Arcus live order book, 36 min ago	19.00 bp	31.1 bp −$31	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	0.1640	−0.006%	$245K	$185K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1643	+0.152%	$44.7M	$19.3M	3x	as long as short
Arcus CASHCAT-USDshort	+0.0100%	1h	0.1642	+0.115%	$114K	$219K	5x
Gate CASHCAT_USDT	+0.0100%	4h	0.1639	−0.049%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1643	+0.165%	$557K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1648	+0.461%	$1.2M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1650	+0.610%	$75K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1642	+0.125%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1639	−0.049%	$492	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1649	+0.552%	$18K	$345K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CASHCAT-USD	+0.0190%	1h	0.1642	+0.104%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0256%	1h	0.1641	+0.065%	$100K	$499K	5x	as long as short
Lighter RH CASHCAT	+0.0416%	1h	0.1640	−0.024%	$319K	$824K	3x	as long as short
Bybit CASHCATUSDT	+0.0501%	4h	0.1641	+0.037%	$12.2M	$17.9M	10x	as long as short
MEXC CASHCAT_USDT	+0.0520%	4h	0.1643	+0.189%	$8.2M	$503K	20x	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0527%	4h	0.1640	long leg	$1.4M	$10.5M	20x
BingX CASHCAT-USDT	+0.0608%	4h	0.1641	+0.061%	—	$1.0M	—	as long as short
BloFin CASHCAT-USDT	+0.0778%	4h	0.1642	+0.122%	$52K	$464K	20x	as long as short
Aster CASHCATUSDT	+0.0781%	1h	0.1642	+0.107%	$548K	$1.0M	10x	as long as short
edgeX CASHCATUSDC	+0.0869%	4h	0.1648	+0.466%	$49K	$169K	5x	as long as short
Lighter CASHCAT	+0.0912%	1h	0.1640	+0.012%	$1.2M	$1.7M	3x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1663	+1.402%	$8K	$18K	5.5x	as long as short