Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0536%/8h= −58.7% APRpaid last 24h +0.085%

Price spread now: Polymarket Perps against Bybit−0.440%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$970.968% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.488%+$49 on $10k

Price spread, last 7 days+0.336%+$34 · spread now −0.440%, 7d avg −0.044%

Together, before fees+0.824%+$82 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Polymarket Perps is 0.396% cheaper against Bybit than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.044%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.488%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CASHCATUSDT	0.1681	0.0636	pay 0.0318% / 4h	3h 51m	$12.6M	$19.2M	10x
Short	Polymarket Perps CASHCAT-USD	0.1674	0.0100	get 0.0013% / 1h	51m 48s	$65K	$1.3M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.440%Rate

Funding earned: −$112.48
Price spread: −0.440% → −0.044%: −$39.61
Slippage, 4 orders: −$77.78
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$248.87
Costs to cover: 0.968%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Polymarket Perps: live order book, 12 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	2.99 bp	35.4 bp −$35	120.8 bp −$1,208	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 12 min ago	3.60 bp	9.9 bp −$10	18.1 bp −$181	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	+0.0096%	1h	0.1674	−0.387%	$1.1M	$1.7M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1676	−0.327%	$359K	$931K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1676	−0.327%	$46.1M	$20.5M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1675	−0.345%	$1.5M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1674	−0.387%	$603K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1668	−0.763%	$1.1M	$1.8M	—	as long as short
Polymarket Perps CASHCAT-USDshort	+0.0100%	1h	0.1674	−0.440%	$65K	$1.3M	3x
SunX CASHCAT-USDT	+0.0100%	1h	0.1676	−0.295%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1676	−0.327%	$503	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1675	−0.360%	$22K	$256K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0480%	1h	0.1675	−0.348%	$239K	$884K	5x	as long as short
ApeX Omni CASHCATUSDT	+0.0515%	1h	0.1669	−0.720%	$76K	$60K	50x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0554%	4h	0.1678	−0.178%	$1.4M	$12.8M	20x	as long as short
MEXC CASHCAT_USDT	+0.0588%	4h	0.1678	−0.202%	$8.5M	$526K	20x	as long as short
Bybit CASHCATUSDTlong	+0.0636%	4h	0.1681	long leg	$12.6M	$19.2M	10x
BloFin CASHCAT-USDT	+0.0811%	4h	0.1673	−0.476%	$52K	$585K	20x	as long as short
edgeX CASHCATUSDC	+0.1345%	4h	0.1672	−0.563%	$51K	$168K	5x	as long as short
BingX CASHCAT-USDT	+0.1488%	4h	0.1678	−0.178%	—	$1.1M	—	as long as short
Nado CASHCAT-PERP	+0.1504%	1h	0.1674	−0.387%	$249K	$204K	5x	as long as short
Arcus CASHCAT-USD	+0.3849%	1h	0.1674	−0.410%	$103K	$314K	5x	as long as short
Aster CASHCATUSDT	+0.3982%	1h	0.1674	−0.389%	$543K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1689	+0.476%	$8K	$18K	5.5x	as long as short