Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0670%/8h= −73.4% APRpaid last 24h 0.000%

Price spread now: SoDEX against BingX−0.456%7-day average — · you buy dearer than you sell

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

Long on BingX Short on SoDEX

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—needs both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and SoDEX is 0.456% cheaper against BingX than usual: you would sell low and buy high (−$46 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CASHCAT-USDT	0.1602	0.0770	pay 0.0385% / 4h	24m 45s	—	$1.0M	—
Short	SoDEX CASHCAT-USD	0.1595	0.0100	get 0.0013% / 1h	24m 45s	$478	$1K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.456%Rate

Funding earned: −$140.7
Price spread: −0.456% → 0.000%: −$45.57
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$204.27
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 min ago; SoDEX: no order-book sample. 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 BingX live order book, 5 min ago	9.40 bp	24.2 bp −$24	90.3 bp −$903	540.3 bp −$54.0K	992.5 bp −$496.3K
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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
Lighter CASHCAT	+0.0096%	1h	0.1598	−0.250%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1598	−0.225%	$313K	$846K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1592	−0.599%	$215K	$202K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1598	−0.218%	$43.7M	$20.0M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1594	−0.506%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1595	−0.431%	$560K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1594	−0.471%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1597	−0.293%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1595	−0.446%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USDshort	+0.0100%	1h	0.1595	−0.456%	$478	$1K	3x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1599	−0.174%	$18K	$332K	10x	as long as short
Bybit CASHCATUSDT	+0.0222%	4h	0.1599	−0.169%	$12.1M	$18.7M	10x	as long as short
MEXC CASHCAT_USDT	+0.0228%	4h	0.1597	−0.306%	$7.9M	$522K	20x	as long as short
edgeX CASHCATUSDC	+0.0418%	4h	0.1596	−0.370%	$48K	$169K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1595	−0.416%	$98K	$608K	5x	as long as short
BingX CASHCAT-USDTlong	+0.0770%	4h	0.1602	long leg	—	$1.0M	—
Polymarket Perps CASHCAT-USD	+0.0777%	1h	0.1596	−0.381%	$64K	$1.3M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0826%	4h	0.1603	+0.062%	$1.4M	$11.0M	20x	as long as short
BloFin CASHCAT-USDT	+0.1052%	4h	0.1602	0.000%	$52K	$504K	20x	as long as short
Aster CASHCATUSDT	+0.2021%	1h	0.1592	−0.637%	$529K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1594	−0.488%	$96K	$262K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1609	+0.437%	$8K	$18K	5.5x	as long as short