Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0594%/8h= −65.0% APRpaid last 24h −0.002%

Price spread now: SunX against BingX−0.112%7-day average −0.012% · you buy dearer than you sell

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

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)+0.645%+$65 · spread now −0.112%, 7d avg −0.012%

Together, before fees+0.509%+$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and SunX is 0.100% cheaper against BingX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.012%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% 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	0.1575	0.0694	pay 0.0347% / 4h	43m 45s	—	$1.0M	—
Short	SunX CASHCAT-USDT	0.1573	0.0100	get 0.0013% / 1h	43m 45s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$124.74
Price spread: −0.112% → −0.012%: −$9.95
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$152.69
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 1 min ago; SunX: live order book, 3 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 BingX live order book, 1 min ago	6.34 bp	27.9 bp −$28	77.2 bp −$772	530.5 bp −$53.0K	1031.2 bp −$515.6K
Sell SunX live order book, 3 min ago	121.92 bp	doesn't fit	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	0.0000%	1h	0.1571	−0.229%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1575	−0.013%	$305K	$837K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1572	−0.222%	$212K	$203K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1572	−0.178%	$42.9M	$20.0M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1573	−0.146%	$1.3M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1575	−0.025%	$547K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1575	+0.001%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1562	−0.813%	$71K	$64K	50x	as long as short
SunX CASHCAT-USDTshort	+0.0100%	1h	0.1573	−0.112%	—	$2.4M	10x
SoDEX CASHCAT-USD	+0.0100%	1h	0.1573	−0.102%	$472	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1577	+0.110%	$17K	$337K	10x	as long as short
MEXC CASHCAT_USDT	+0.0370%	4h	0.1574	−0.083%	$7.8M	$516K	20x	as long as short
Bybit CASHCATUSDT	+0.0379%	4h	0.1574	−0.038%	$11.9M	$18.7M	10x	as long as short
edgeX CASHCATUSDC	+0.0421%	4h	0.1563	−0.761%	$47K	$170K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1572	−0.180%	$96K	$614K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0519%	1h	0.1575	+0.006%	$64K	$1.3M	3x	as long as short
BingX CASHCAT-USDTlong	+0.0694%	4h	0.1575	long leg	—	$1.0M	—
OKX CASHCAT-USDT-SWAP	+0.0752%	4h	0.1576	+0.063%	$1.4M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0989%	4h	0.1575	0.000%	$52K	$485K	20x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1575	+0.012%	$95K	$252K	5x	as long as short
Aster CASHCATUSDT	+0.2802%	1h	0.1570	−0.349%	$520K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1617	+2.667%	$8K	$18K	5.5x	as long as short