Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.073%

Price spread now: Variational Omni against ApeX Omni+0.169%73s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.169% dearer against ApeX Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CASHCATUSDT	0.1760	0.0100	pay 0.0013% / 1h	48m 09s	$79K	$72K	50x
Short	Variational Omni CASHCAT	0.1763	0.0100	get 0.0050% / 4h	48m 09s	$1.5M	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX Omni. 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → 0.000%: $16.93
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.93
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: no order-book sample; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	8.49 bp	doesn't fit	99.1 bp −$991	doesn't fit	doesn't fit

ApeX Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hyperliquid CASHCAT	+0.0100%	1h	0.1758	−0.131%	$49.6M	$18.5M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1756	−0.222%	$1.1M	$10.6M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1753	−0.375%	$1.5M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1752	−0.455%	$592K	$2.4M	10x	as long as short
Variational Omni CASHCATshort	+0.0100%	4h	0.1763	+0.169%	$1.5M	$1.6M	—
ApeX Omni CASHCATUSDTlong	+0.0100%	1h	0.1760	long leg	$79K	$72K	50x
SunX CASHCAT-USDT	+0.0100%	1h	0.1758	−0.115%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1754	−0.352%	$526	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1757	−0.177%	$19K	$395K	10x	as long as short
BingX CASHCAT-USDT	+0.0237%	4h	0.1757	−0.165%	—	$1.0M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CASHCAT_USDT	+0.0244%	4h	0.1758	−0.131%	$8.7M	$464K	20x	as long as short
Bybit CASHCATUSDT	+0.0246%	4h	0.1759	−0.045%	$13.2M	$18.1M	10x	as long as short
Nado CASHCAT-PERP	+0.0255%	1h	0.1749	−0.619%	$247K	$155K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0283%	1h	0.1753	−0.369%	$66K	$1.2M	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1761	+0.063%	$5K	$496K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1751	−0.482%	$96K	$463K	5x	as long as short
edgeX CASHCATUSDC	+0.0761%	4h	0.1763	+0.182%	$53K	$171K	5x	as long as short
Lighter RH CASHCAT	+0.0904%	1h	0.1758	−0.108%	$337K	$815K	3x	as long as short
Lighter CASHCAT	+0.1448%	1h	0.1758	−0.085%	$1.3M	$1.9M	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1759	−0.030%	$121K	$215K	5x	as long as short
Aster CASHCATUSDT	+0.3144%	1h	0.1756	−0.244%	$577K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1845	+4.836%	$12K	$9K	5.5x	as long as short