Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Hyperliquid against Bybit−0.087%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1141.143% of the position

Long on Bybit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.333%+$33 on $10k

Price spread, last 7 days+0.035%+$4 · spread now −0.087%, 7d avg +0.001%

Together, before fees+0.368%+ Points / potential airdropHyperliquid: Season 2 · farm board+$37 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.088% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CASHCATUSDT	0.1725	0.0100	pay 0.0050% / 4h	2h 36m	$13.0M	$18.5M	10x
Short	Hyperliquid CASHCAT	0.1724	0.0100	get 0.0013% / 1h	36m 30s	$48.9M	$18.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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 BybitbpFee HyperliquidbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → +0.001%: −$8.75
Slippage, 4 orders: −$94.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$123
Costs to cover: 1.143%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 7 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, 2 min ago	0.87 bp	42.6 bp −$43	127.1 bp −$1,271	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	4.89 bp	15.6 bp −$16	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
Aster CASHCATUSDT	+0.0061%	1h	0.1721	−0.264%	$567K	$1.3M	10x	as long as short
Gate CASHCAT_USDT	+0.0092%	4h	0.1721	−0.249%	$1.5M	$2.0M	20x	as long as short
Lighter CASHCAT	+0.0096%	1h	0.1724	−0.104%	$1.2M	$2.0M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1722	−0.191%	$336K	$800K	3x	as long as short
Hyperliquid CASHCATshort	+0.0100%	1h	0.1724	−0.087%	$48.9M	$18.8M	3x
Bybit CASHCATUSDTlong	+0.0100%	4h	0.1725	long leg	$13.0M	$18.5M	10x
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1724	−0.075%	$1.0M	$10.7M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1720	−0.315%	$101K	$184K	5x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1725	−0.041%	$8.6M	$484K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1722	−0.162%	$579K	$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-USDT	+0.0100%	4h	0.1722	−0.191%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1727	+0.087%	$1.5M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1726	+0.064%	$78K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1722	−0.174%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1721	−0.243%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1724	−0.058%	$517	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1721	−0.243%	$18K	$420K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1728	+0.156%	$50K	$492K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1722	−0.187%	$90K	$472K	5x	as long as short
edgeX CASHCATUSDC	+0.0496%	4h	0.1725	+0.011%	$52K	$171K	5x	as long as short
Nado CASHCAT-PERP	+0.0610%	1h	0.1719	−0.336%	$242K	$157K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1862	+7.923%	$12K	$9K	5.5x	as long as short