Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.103%

Price spread now: Extended against Bybit−0.033%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1671.670% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.542%+$54 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.033%, 7d avg −0.066%

Together, before fees+0.569%+ Points / potential airdropExtended: Active · farm board+$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Extended is 0.034% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CASHCATUSDT	0.1648	0.0319	pay 0.0159% / 4h	1h 33m	$12.3M	$19.2M	10x
Short	Extended CASHCAT-USD	0.1648	0.0480	get 0.0060% / 1h	33m 12s	$106K	$756K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.033%Rate

Funding earned: $33.82
Price spread: −0.033% → −0.066%: $3.35
Slippage, 4 orders: −$150.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$129.79
Costs to cover: 1.670%
Break-even: 33.9 days

Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 10 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 Bybit live order book, 5 min ago	5.50 bp	44.2 bp −$44	128.9 bp −$1,289	doesn't fit	doesn't fit
Sell Extended live order book, 10 min ago	18.11 bp	43.8 bp −$44	285.4 bp −$2,854	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	−0.0352%	1h	0.1643	−0.340%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1643	−0.328%	$340K	$955K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1648	+0.006%	$45.1M	$20.3M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1643	−0.358%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1644	−0.267%	$577K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1636	−0.745%	$1.0M	$1.8M	—	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1648	−0.028%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1648	−0.042%	$494	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1640	−0.532%	$20K	$292K	10x	as long as short
ApeX Omni CASHCATUSDT	+0.0120%	1h	0.1635	−0.831%	$74K	$59K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado CASHCAT-PERP	+0.0290%	1h	0.1645	−0.191%	$207K	$194K	5x	as long as short
Bybit CASHCATUSDTlong	+0.0319%	4h	0.1648	long leg	$12.3M	$19.2M	10x
MEXC CASHCAT_USDT	+0.0336%	4h	0.1643	−0.334%	$8.2M	$527K	20x	as long as short
Extended CASHCAT-USDshort	+0.0480%	1h	0.1648	−0.033%	$106K	$756K	5x
Polymarket Perps CASHCAT-USD	+0.0746%	1h	0.1648	−0.024%	$65K	$1.3M	3x	as long as short
edgeX CASHCATUSDC	+0.0769%	4h	0.1636	−0.767%	$50K	$169K	5x	as long as short
Arcus CASHCAT-USD	+0.0990%	1h	0.1646	−0.173%	$102K	$280K	5x	as long as short
BingX CASHCAT-USDT	+0.0992%	4h	0.1648	−0.024%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1014%	4h	0.1648	−0.024%	$1.5M	$12.3M	20x	as long as short
BloFin CASHCAT-USDT	+0.1303%	4h	0.1641	−0.449%	$53K	$563K	20x	as long as short
Aster CASHCATUSDT	+0.1640%	1h	0.1641	−0.478%	$550K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1659	+0.643%	$8K	$19K	5.5x	as long as short