Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0357%/8h= −39.1% APRpaid last 24h −0.066%

Price spread now: SoDEX against BloFin−0.176%56s7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$11 a day on $10k at the current rate, and SoDEX is 0.176% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CASHCAT-USDT	0.1700	0.0457	pay 0.0228% / 4h	3h 25m	$51K	$510K	20x
Short	SoDEX CASHCAT-USD	0.1697	0.0100	get 0.0013% / 1h	25m 28s	$509	$1K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against BloFin. 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 BloFinbpFee SoDEXbpOrdersPrice spread, now −0.176%Rate

Funding earned: −$74.97
Price spread: −0.176% → 0.000%: −$17.65
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$112.62
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 45 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 BloFin live order book, 45 min ago	2.89 bp	22.9 bp −$23	61.2 bp −$612	doesn't fit	doesn't fit
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 RH CASHCAT	+0.0096%	1h	0.1695	−0.306%	$330K	$845K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1693	−0.441%	$257K	$186K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1694	−0.371%	$46.6M	$20.7M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1694	−0.329%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1695	−0.306%	$600K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1700	+0.007%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1696	−0.206%	$77K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1695	−0.306%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1695	−0.299%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USDshort	+0.0100%	1h	0.1697	−0.176%	$509	$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	0.1707	+0.408%	$18K	$375K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1695	−0.313%	$101K	$465K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0232%	4h	0.1697	−0.176%	$1.2M	$10.8M	20x	as long as short
BloFin CASHCAT-USDTlong	+0.0457%	4h	0.1700	long leg	$51K	$510K	20x
Bybit CASHCATUSDT	+0.0986%	4h	0.1697	−0.159%	$12.9M	$18.6M	10x	as long as short
MEXC CASHCAT_USDT	+0.1044%	4h	0.1696	−0.247%	$8.5M	$489K	20x	as long as short
Lighter CASHCAT	+0.1048%	1h	0.1697	−0.200%	$1.2M	$1.9M	3x	as long as short
edgeX CASHCATUSDC	+0.1652%	4h	0.1699	−0.070%	$51K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.1730%	1h	0.1698	−0.121%	$561K	$1.1M	10x	as long as short
BingX CASHCAT-USDT	+0.1778%	4h	0.1697	−0.176%	—	$1.0M	—	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1696	−0.238%	$117K	$219K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1714	+0.824%	$8K	$12K	5.5x	as long as short