Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.085%

Price spread now: Polymarket Perps against BingX−0.144%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$950.947% of the position

Long on BingX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.366%+$37 on $10k

Price spread, last 3 days (all we have)+0.763%+$76 · spread now −0.144%, 7d avg +0.063%

Together, before fees+1.129%+$113 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.207% cheaper against BingX than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of +0.063%). If the spread goes back, that is −$21 on $10k: about 18 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.366% in total) that is about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CASHCAT-USDT	0.1737	0.0100	pay 0.0050% / 4h	2h 27m	—	$1.0M	—
Short	Polymarket Perps CASHCAT-USD	0.1734	0.0138	get 0.0017% / 1h	27m 14s	$68K	$1.2M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.144%Rate

Funding earned: $8.03
Price spread: −0.144% → +0.063%: −$20.67
Slippage, 4 orders: −$76.74
Fee BingX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$107.38
Costs to cover: 0.947%
Break-even: 100.6 days

Slippage from BingX: live order book, 8 min ago; Polymarket Perps: live order book, 1 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	5.82 bp	28.5 bp −$29	82.5 bp −$825	1038.7 bp −$103.9K	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	3.18 bp	16.9 bp −$17	20.6 bp −$206	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	0.1736	−0.069%	$1.2M	$2.0M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1736	−0.075%	$337K	$804K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1736	−0.086%	$49.2M	$18.9M	3x	as long as short
Aster CASHCATUSDT	+0.0100%	1h	0.1728	−0.490%	$569K	$1.2M	10x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1739	+0.121%	$13.1M	$18.5M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1736	−0.058%	$1.1M	$10.8M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1725	−0.678%	$101K	$183K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1732	−0.276%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1736	−0.069%	$8.6M	$484K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1733	−0.219%	$583K	$2.4M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CASHCAT-USDTlong	+0.0100%	4h	0.1737	long leg	—	$1.0M	—
Variational Omni CASHCAT	+0.0100%	4h	0.1719	−1.018%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1720	−0.956%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1733	−0.237%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1734	−0.144%	$520	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1718	−1.123%	$18K	$418K	10x	as long as short
Polymarket Perps CASHCAT-USDshort	+0.0138%	1h	0.1734	−0.144%	$68K	$1.2M	3x
BloFin CASHCAT-USDT	+0.0340%	4h	0.1733	−0.230%	$51K	$489K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1735	−0.106%	$91K	$473K	5x	as long as short
Nado CASHCAT-PERP	+0.0617%	1h	0.1734	−0.173%	$244K	$158K	5x	as long as short
edgeX CASHCATUSDC	+0.0787%	4h	0.1722	−0.865%	$51K	$172K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1862	+7.196%	$12K	$9K	5.5x	as long as short