Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0420%/8h= +46.0% APRpaid last 24h +0.190%

Price spread now: Nado against BingX−0.029%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1791.785% of the position

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.160%+$16 on $10k

Price spread, last 3 days (all we have)+0.275%+$27 · spread now −0.029%, 7d avg −0.061%

Together, before fees+0.435%+ Points / potential airdropNado: Active · farm board+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Nado is 0.032% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CASHCAT-USDT	0.1727	0.0100	pay 0.0050% / 4h	1h 30m	—	$1.0M	—
Short	Nado CASHCAT-PERP	0.1726	0.0520	get 0.0065% / 1h	30m 01s	$244K	$157K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now −0.029%Rate

Funding earned: $88.28
Price spread: −0.029% → −0.061%: $3.17
Slippage, 4 orders: −$168.53
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 0 bp × 2 orders: $0
Net: −$87.08
Costs to cover: 1.785%
Break-even: 13.9 days

Slippage from BingX: live order book, 15 min ago; Nado: live order book, 53 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, 15 min ago	8.56 bp	42.2 bp −$42	83.4 bp −$834	726.7 bp −$72.7K	1181.6 bp −$590.8K
Sell Nado live order book, 53 min ago	21.53 bp	53.4 bp −$53	402.5 bp −$4,025	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	0.1731	+0.203%	$1.2M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1727	−0.023%	$48.8M	$18.8M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1729	+0.127%	$12.9M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1728	+0.058%	$1.1M	$10.8M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1736	+0.500%	$119K	$214K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1728	+0.035%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1732	+0.278%	$8.6M	$467K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1727	−0.012%	$584K	$2.4M	10x	as long as short
BingX CASHCAT-USDTlong	+0.0100%	4h	0.1727	long leg	—	$1.0M	—
Variational Omni CASHCAT	+0.0100%	4h	0.1731	+0.260%	$1.5M	$1.7M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1740	+0.747%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1730	+0.164%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1728	+0.052%	$518	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1729	+0.100%	$18K	$406K	10x	as long as short
Lighter RH CASHCAT	+0.0216%	1h	0.1730	+0.191%	$337K	$805K	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1733	+0.347%	$50K	$507K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1726	−0.040%	$94K	$466K	5x	as long as short
Nado CASHCAT-PERPshort	+0.0520%	1h	0.1726	−0.029%	$244K	$157K	5x
Polymarket Perps CASHCAT-USD	+0.0584%	1h	0.1729	+0.116%	$65K	$1.3M	3x	as long as short
edgeX CASHCATUSDC	+0.0850%	4h	0.1745	+1.060%	$52K	$172K	5x	as long as short
Aster CASHCATUSDT	+0.2442%	1h	0.1729	+0.131%	$565K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1834	+6.196%	$12K	$9K	5.5x	as long as short