ArbTide

Reverse Cash and Carry Scanner

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Holding period
  • SAND
    3357.64%
    Est. APR 30d
    Long perpXT.COM@ 0.07937Sell spotBinance@ 0.07955

    Funding 3389.24% · Basis 0.226% · Fees 0.32% · covered at entry · −30.46% to borrow SAND

  • ENJ
    1164.67%
    Est. APR 30d
    Long perpBTSE@ 0.03583Sell spotBinance@ 0.03604

    Funding 1205.98% · Basis 0.583% · Fees 0.31% · covered at entry · −44.63% to borrow ENJ

  • 2Z
    1025.27%
    Est. APR 30d
    Long perpBybit@ 0.04485Sell spotOKX@ 0.04512

    Funding 1065.10% · Basis 0.598% · Fees 0.42% · covered at entry · −42.00% to borrow 2Z

  • BDX
    731.40%
    Est. APR 30d
    Long perpKuCoin@ 0.07082Sell spotMEXC@ 0.07325

    Funding 694.45% · Basis 3.317% · Fees 0.28% · covered at entry · borrow cost unknown

  • EACC
    636.60%
    Est. APR 30d
    Long perpGate@ 0.014448Sell spotMEXC@ 0.014891

    Funding 603.56% · Basis 2.975% · Fees 0.26% · covered at entry · borrow cost unknown

  • MANA
    532.40%
    Est. APR 30d
    Long perpBybit@ 0.10504Sell spotBinance@ 0.1053

    Funding 541.29% · Basis 0.247% · Fees 0.32% · covered at entry · −8.00% to borrow MANA

  • KII
    382.35%
    Est. APR 30d
    Long perpOKX@ 0.08598Sell spotMEXC@ 0.08671

    Funding 375.27% · Basis 0.842% · Fees 0.26% · covered at entry · borrow cost unknown

  • RAVE
    357.55%
    Est. APR 30d
    Long perpBybit@ 0.1961Sell spotBitget@ 0.19658

    Funding 358.47% · Basis 0.244% · Fees 0.32% · covered at entry · borrow cost unknown

  • ARK
    273.96%
    Est. APR 30d
    Long perpWEEX@ 0.207Sell spotBinance@ 0.2081

    Funding 358.45% · Basis 0.529% · Fees 0.36% · covered at entry · −86.54% to borrow ARK

  • ONE
    204.61%
    Est. APR 30d
    Long perpKuCoin@ 0.002086Sell spotBinance@ 0.00217

    Funding 177.83% · Basis 3.871% · Fees 0.32% · covered at entry · −16.42% to borrow ONE

  • PIPPIN
    167.71%
    Est. APR 30d
    Long perpBitget@ 0.01888Sell spotMEXC@ 0.018854

    Funding 172.79% · Basis -0.138% · Fees 0.28% · break-even 0.9 d · borrow cost unknown

  • USELESS
    165.20%
    Est. APR 30d
    Long perpGate@ 0.22179Sell spotMEXC@ 0.221782

    Funding 168.41% · Basis -0.004% · Fees 0.26% · break-even 0.6 d · borrow cost unknown

  • SAGA
    163.43%
    Est. APR 30d
    Long perpKraken@ 0.02269Sell spotMEXC@ 0.02267

    Funding 235.36% · Basis -0.088% · Fees 0.20% · break-even 0.6 d · ≈ −68.43% to borrow, est.

  • PEAQ
    161.85%
    Est. APR 30d
    Long perpMEXC@ 0.03975Sell spotMEXC@ 0.0399

    Funding 160.20% · Basis 0.376% · Fees 0.24% · covered at entry · borrow cost unknown

  • BTT
    139.18%
    Est. APR 30d
    Long perpWEEX@ 0.0000003789Sell spotHTX@ 0.0000003756

    Funding 162.61% · Basis -0.879% · Fees 0.56% · break-even 3.4 d · ≈ −5.93% to borrow, est.

  • NIGHT
    138.36%
    Est. APR 30d
    Long perpKraken@ 0.05021Sell spotBybit@ 0.05015

    Funding 152.98% · Basis -0.120% · Fees 0.30% · break-even 1.1 d · −9.52% to borrow NIGHT

  • MAGMA
    125.27%
    Est. APR 30d
    Long perpToobit@ 0.33124Sell spotMEXC@ 0.33049

    Funding 132.41% · Basis -0.227% · Fees 0.36% · break-even 1.6 d · borrow cost unknown

  • HOME
    124.31%
    Est. APR 30d
    Long perpBybit@ 0.005706Sell spotBybit@ 0.005695

    Funding 198.11% · Basis -0.193% · Fees 0.32% · break-even 1.4 d · −67.55% to borrow HOME

  • MOO
    115.69%
    Est. APR 30d
    Long perpGate@ 0.0076Sell spotMEXC@ 0.007571

    Funding 123.52% · Basis -0.383% · Fees 0.26% · break-even 1.9 d · borrow cost unknown

  • BLAST
    115.03%
    Est. APR 30d
    Long perpBybit@ 0.0002274Sell spotKuCoin@ 0.000228

    Funding 118.15% · Basis 0.263% · Fees 0.52% · break-even 0.8 d · borrow cost unknown

  • CT
    108.11%
    Est. APR 30d
    Long perpGate@ 0.5469Sell spotMEXC@ 0.5475

    Funding 109.94% · Basis 0.110% · Fees 0.26% · break-even 0.5 d · borrow cost unknown

  • XDP
    107.52%
    Est. APR 30d
    Long perpGate@ 0.019612Sell spotKuCoin@ 0.01965

    Funding 111.25% · Basis 0.193% · Fees 0.50% · break-even 1.0 d · borrow cost unknown

  • UP
    106.89%
    Est. APR 30d
    Long perpAster@ 0.222Sell spotGate@ 0.2224

    Funding 110.42% · Basis 0.180% · Fees 0.47% · break-even 1.0 d · borrow cost unknown

  • AXS
    95.07%
    Est. APR 30d
    Long perpKraken@ 1.2737Sell spotBybit@ 1.2702

    Funding 115.54% · Basis -0.276% · Fees 0.30% · break-even 2.1 d · −13.47% to borrow AXS

  • SCR
    91.56%
    Est. APR 30d
    Long perpGate@ 0.02697Sell spotBinance@ 0.02702

    Funding 152.42% · Basis 0.185% · Fees 0.30% · break-even 0.5 d · −59.46% to borrow SCR

  • CASHCAT
    88.00%
    Est. APR 30d
    Long perpToobit@ 0.1562Sell spotMEXC@ 0.15602

    Funding 93.78% · Basis -0.115% · Fees 0.36% · break-even 1.9 d · borrow cost unknown

  • LUNC
    86.31%
    Est. APR 30d
    Long perpMEXC@ 0.00005252Sell spotBinance@ 0.00005256

    Funding 88.80% · Basis 0.076% · Fees 0.20% · break-even 0.5 d · −0.99% to borrow LUNC

  • TRB
    85.33%
    Est. APR 30d
    Long perpGate@ 19.87Sell spotOKX@ 19.85

    Funding 100.52% · Basis -0.101% · Fees 0.40% · break-even 2.0 d · −9.10% to borrow TRB

  • S
    82.84%
    Est. APR 30d
    Long perpKuCoin@ 0.03795Sell spotBybit@ 0.03802

    Funding 95.27% · Basis 0.184% · Fees 0.32% · break-even 0.6 d · −10.77% to borrow S

  • KAS
    82.15%
    Est. APR 30d
    Long perpBybit@ 0.04238Sell spotMEXC@ 0.042421

    Funding 89.26% · Basis 0.097% · Fees 0.22% · break-even 0.5 d · ≈ −5.60% to borrow, est.

  • GTC
    77.01%
    Est. APR 30d
    Long perpKuCoin@ 0.125Sell spotKuCoin@ 0.1255

    Funding 151.66% · Basis 0.398% · Fees 0.32% · covered at entry · ≈ −75.61% to borrow, est.

  • SKY
    75.01%
    Est. APR 30d
    Long perpGate@ 0.0887Sell spotMEXC@ 0.0888

    Funding 80.37% · Basis 0.113% · Fees 0.20% · break-even 0.4 d · ≈ −4.30% to borrow, est.

  • SATS
    74.74%
    Est. APR 30d
    Long perpGate@ 0.0000000124Sell spotOKX@ 0.000000012436

    Funding 81.69% · Basis 0.289% · Fees 0.40% · break-even 0.5 d · −5.61% to borrow SATS

  • LAPTOP
    70.86%
    Est. APR 30d
    Long perpBingX@ 0.0737Sell spotGate@ 0.07306

    Funding 87.60% · Basis -0.876% · Fees 0.50% · break-even 5.7 d · borrow cost unknown

  • FLOCK
    70.82%
    Est. APR 30d
    Long perpOKX@ 0.06356Sell spotBitget@ 0.06374

    Funding 71.03% · Basis 0.282% · Fees 0.30% · covered at entry · borrow cost unknown

  • TRX
    70.10%
    Est. APR 30d
    Long perpKraken@ 0.33418Sell spotBinance@ 0.3342

    Funding 83.13% · Basis 0.006% · Fees 0.30% · break-even 1.5 d · −9.46% to borrow TRX

  • QNT
    69.73%
    Est. APR 30d
    Long perpWEEX@ 252.6Sell spotBinance@ 252.74

    Funding 85.36% · Basis 0.055% · Fees 0.36% · break-even 1.5 d · −11.92% to borrow QNT

  • JUP
    63.26%
    Est. APR 30d
    Long perpHTX@ 0.3142Sell spotBybit@ 0.3149

    Funding 74.54% · Basis 0.222% · Fees 0.30% · break-even 0.4 d · −10.34% to borrow JUP

  • XTZ
    62.91%
    Est. APR 30d
    Long perpBybit@ 0.318Sell spotBybit@ 0.3182

    Funding 82.51% · Basis 0.063% · Fees 0.32% · break-even 1.4 d · −16.48% to borrow XTZ

  • MINA
    61.26%
    Est. APR 30d
    Long perpBybit@ 0.16075Sell spotBybit@ 0.16058

    Funding 86.57% · Basis -0.106% · Fees 0.32% · break-even 2.3 d · −20.13% to borrow MINA

  • BTW
    58.83%
    Est. APR 30d
    Long perpXT.COM@ 1.400945Sell spotBitget@ 1.400549

    Funding 63.07% · Basis -0.028% · Fees 0.32% · break-even 2.0 d · borrow cost unknown

  • COMP
    58.46%
    Est. APR 30d
    Long perpKraken@ 24.619Sell spotMEXC@ 24.59

    Funding 71.14% · Basis -0.118% · Fees 0.26% · break-even 2.2 d · ≈ −8.08% to borrow, est.

  • COAI
    55.55%
    Est. APR 30d
    Long perpXT.COM@ 0.31Sell spotBitget@ 0.3093

    Funding 62.20% · Basis -0.226% · Fees 0.32% · break-even 3.2 d · borrow cost unknown

  • PEPE
    49.44%
    Est. APR 30d
    Long perpWEEX@ 0.0000042501Sell spotMEXC@ 0.000004249

    Funding 53.92% · Basis -0.026% · Fees 0.26% · break-even 2.0 d · ≈ −1.01% to borrow, est.

  • SPX
    48.56%
    Est. APR 30d
    Long perpKraken@ 0.4293Sell spotBybit@ 0.4284

    Funding 60.35% · Basis -0.210% · Fees 0.30% · break-even 3.4 d · −5.58% to borrow SPX

  • PENGU
    48.51%
    Est. APR 30d
    Long perpBackpack@ 0.008922Sell spotBybit@ 0.008923

    Funding 64.38% · Basis 0.011% · Fees 0.40% · break-even 2.7 d · −11.13% to borrow PENGU

  • O
    46.51%
    Est. APR 30d
    Long perpGate@ 0.5142Sell spotGate@ 0.51375

    Funding 53.65% · Basis -0.088% · Fees 0.50% · break-even 4.0 d · borrow cost unknown

  • HBAR
    46.22%
    Est. APR 30d
    Long perpBackpack@ 0.10096Sell spotMEXC@ 0.10091

    Funding 51.48% · Basis -0.050% · Fees 0.30% · break-even 2.5 d · ≈ −1.01% to borrow, est.

  • APE
    46.10%
    Est. APR 30d
    Long perpKraken@ 0.1672Sell spotBybit@ 0.16697

    Funding 54.87% · Basis -0.138% · Fees 0.30% · break-even 3.1 d · −3.44% to borrow APE

  • BERA
    45.71%
    Est. APR 30d
    Long perpBackpack@ 0.23205Sell spotBybit@ 0.2321

    Funding 64.41% · Basis 0.022% · Fees 0.40% · break-even 2.7 d · −14.09% to borrow BERA

Showing 50 of 143

Right now

As of 2026-10-03 04:13 UTC, ArbTide found 143 reverse cash-and-carry trades with a positive estimated 30-day return after fees. The best: sell SAND spot on Binance at 0.07955 and go long the perpetual on XT.COM at 0.07937, earning 3389.24% funding APR for an estimated 3357.64% APR over 30 days, before spot borrow interest.

A reverse cash-and-carry trade sells a coin on the spot market, usually with borrowed coins, and goes long the same amount in perpetual futures to collect funding while funding is negative. It is the mirror of cash and carry. The table on this page shows the best spot and perp pair per coin with negative funding. For the theory, read the reverse cash-and-carry guide.

How it works

  1. Find a coin with negative funding. When the perpetual trades below spot, shorts pay longs. See what is a funding rate.
  2. Borrow the coin through a margin account, unless you already hold it. Check the borrow rate and the amount available before you trade.
  3. Sell the borrowed coin on the spot market at the bid. This is a spot short; see short selling crypto.
  4. Go long the perpetual in equal size at the ask. You are now delta-neutral.
  5. Collect funding each interval while it stays negative, and pay borrow interest on the spot loan.
  6. Exit by closing the perp, buying the coin back on spot and repaying the loan.

Reading the scanner

The scanner covers exchanges where ArbTide collects spot prices, perpetual prices and funding rates together, so venues that publish only one of these are left out.

The columns match the cash and carry scanner, with the direction reversed. Choose a holding period (7, 30 or 90 days) above the table.

Shorting spot means borrowing the coin, so the scanner only uses spot legs on exchanges that offer margin borrowing, and it skips coins an exchange does not lend, including coins missing from the lending lists Binance, OKX and Bybit publish. Under the funding APR, each row shows the borrow rate for that coin. It is subtracted from the estimated APR and the break-even period. Binance, OKX and Bybit publish their rates. On other margin exchanges the row shows an estimate, marked "est.", taken from the median of the published rates for that coin; when no exchange publishes one, it reads "borrow cost unknown". Check the real rate on the exchange before you trade.

  • Route: the spot market you sell and the perp you buy.
  • Est. APR (holding period): the annualized return after basis and taker fees, if funding stays at its current rate. The line below is the net return over the period. Borrow interest is subtracted where a rate is known or estimated.
  • Funding APR: the perp's current funding annualized (rate ÷ interval hours × 8,760), with the raw rate per interval. Here it is negative, which is what the long leg receives.
  • Basis: the gap between the spot price you sell at and the perp price you buy at. A positive figure means you sell spot above the perp price, which adds to the return when the gap closes.
  • Fees: taker fees on both legs, entry and exit. The line below is the break-even period after borrow costs.
  • 24h volume: trading volume for the coin; markets under $100,000 are excluded.

To judge a row, subtract the borrow rate yourself. For example, assume Est. APR shows 25% and the exchange charges 18% a year to borrow the coin: the real estimate is closer to 7%, and the break-even period is much longer than the table shows. Also check how long funding has been negative on the coin's funding history. Deep negative funding often follows a sharp sell-off and can snap back to positive within hours.

Costs and risks the scanner does not include

  • Spot borrow interest: often the largest cost. Rates differ by exchange and coin, change over time, and can spike when many traders short the same coin.
  • Borrowable supply: the lending pool can run out, so you may not be able to open or add to the spot short. Some exchanges can also recall loans or restrict borrowing.
  • Margin liquidation on the spot short: if the price rises, the borrowed position needs more collateral and can be liquidated.
  • Funding changes: negative funding can flip positive, and then the long leg pays.
  • Cross-exchange routes: the spot short and the perp long may sit on different venues, so a gain on one cannot cover a margin call on the other.
  • Slippage and exchange risk on both legs. See arbitrage risks.

Formulas are on the methodology page.

When it works best

Reverse cash and carry pays when funding stays negative for days, usually during extended bearish periods or heavy hedging, and when borrowing the coin is cheap and plentiful. It is most practical on large, liquid coins that exchanges lend in size, and on same-exchange routes where the margin short and the perp long share one account. Short spikes of negative funding rarely cover the borrow cost and four taker fills.

Frequently asked questions

What is a reverse cash-and-carry trade?
A reverse cash-and-carry sells a coin on the spot market, usually by borrowing it through margin, and buys the same amount in perpetual futures. When funding is negative, shorts pay longs, so the long perp leg collects funding while the two legs offset each other on price.
Does the scanner include borrow interest?
No. Est. APR includes funding, the entry basis and taker fees, but not the interest charged for borrowing the spot coin. Borrow rates vary by exchange and coin and can be larger than the funding you collect.
Why can't I always borrow the coin?
Exchanges lend from a limited pool of each coin. When funding is deeply negative, many traders want to short at once, so the pool can run out, borrowing can be paused, or rates can jump.
Can I do a reverse cash and carry without borrowing?
Yes, if you already own the coin. Selling coins you hold and going long the perp gives the same hedged position, but you give up the coin until you buy it back, and you still pay fees on both legs.

Learn the theory

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