CASHCAT arbitrage explained
Right now Cash Cat (CASHCAT) trades on 9 venues we scan: 9 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.1326 and the highest bid on HTX perp at $0.1327.
The widest CASHCAT perpetual spread is between MEXC and HTX: long CASHCAT on MEXC at $0.1326 and short on HTX at $0.1327 for +0.10% gross, or -0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.011% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CASHCAT route is to buy spot on Gate and short the perpetual on HTX: -0.05% gross, -0.25% net, with +0.004% a day of funding on the short leg.
Spot–spot CASHCAT arbitrage (buy on KuCoin, withdraw, deposit and sell on Gate) shows -0.10% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small CASHCAT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: CASHCAT funding rates · CASHCAT spread charts · Cash Cat price · arbitrage scanner for all coins.