Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0565%/8h= −61.8% APRpaid last 24h −0.042%

Price spread now: HTX against BingX+0.092%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$582as in the Funding arb table

Net, price: spread back to 7d avg − costs−$556as in the Price arb table

costs, in and out, $10k−$5625.623% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.197%−$20 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.092%, 7d avg +0.028%

Together, before fees−0.207%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.065% dearer against BingX than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of +0.028%): +$6 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.197% in total) that is about 2.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.197% in total (about -10.3% 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	BingX CASHCAT-USDT	0.1665	0.0665	pay 0.0332% / 4h	21m 33s	—	$1.1M	—
Short	HTX CASHCAT-USDT	0.1667	0.0100	get 0.0013% / 1h	21m 33s	$22K	$273K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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 BingXbpFee HTXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$118.61
Price spread: +0.092% → +0.028%: $6.49
Slippage, 4 orders: −$540.29
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$674.4
Costs to cover: 5.623%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; HTX: live order book, 15 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 BingX live order book, 8 min ago	2.99 bp	23.5 bp −$23	72.6 bp −$726	403.9 bp −$40.4K	857.6 bp −$428.8K
Sell HTX live order book, 15 min ago	50.47 bp	236.7 bp −$237	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
Lighter CASHCAT	+0.0096%	1h	0.1663	−0.126%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1664	−0.030%	$349K	$970K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1666	+0.090%	$45.9M	$20.5M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1667	+0.132%	$12.4M	$19.2M	10x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1664	−0.087%	$106K	$312K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1664	−0.054%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1663	−0.102%	$8.4M	$538K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1665	+0.018%	$580K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1673	+0.468%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1663	−0.096%	$75K	$60K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CASHCAT-USDT	+0.0100%	1h	0.1666	+0.090%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDTshort	+0.0100%	1h	0.1667	+0.092%	$22K	$273K	10x
SoDEX CASHCAT-USD	+0.0134%	1h	0.1666	+0.066%	$500	$1K	3x	as long as short
edgeX CASHCATUSDC	+0.0353%	4h	0.1667	+0.095%	$50K	$168K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1666	+0.044%	$239K	$884K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0591%	1h	0.1665	+0.024%	$65K	$1.4M	3x	as long as short
BingX CASHCAT-USDTlong	+0.0665%	4h	0.1665	long leg	—	$1.1M	—
OKX CASHCAT-USDT-SWAP	+0.0665%	4h	0.1664	−0.060%	$1.4M	$12.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0934%	4h	0.1666	+0.060%	$52K	$581K	20x	as long as short
Nado CASHCAT-PERP	+0.1394%	1h	0.1663	−0.090%	$246K	$208K	5x	as long as short
Aster CASHCATUSDT	+0.2312%	1h	0.1667	+0.105%	$557K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1685	+1.201%	$8K	$18K	5.5x	as long as short