Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1338%/8h= −146.5% APRpaid last 24h +0.006%

Price spread now: SoDEX against Bybit−0.147%56s7-day average — · you buy dearer than you sell

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

Long on Bybit 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 −$40 a day on $10k at the current rate, and SoDEX is 0.147% cheaper against Bybit than usual: you would sell low and buy high (−$15 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	Bybit CASHCATUSDT	0.1696	0.1438	pay 0.0719% / 4h	3h 31m	$12.9M	$18.7M	10x
Short	SoDEX CASHCAT-USD	0.1693	0.0100	get 0.0013% / 1h	31m 22s	$508	$1K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.147%Rate

Funding earned: −$280.91
Price spread: −0.147% → 0.000%: −$14.74
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$314.66
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	1.77 bp	55.9 bp −$56	160.7 bp −$1,607	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	0.1698	+0.124%	$330K	$845K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1694	−0.059%	$258K	$186K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1694	−0.083%	$46.6M	$20.6M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1695	−0.041%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1695	−0.006%	$600K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1693	−0.169%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1699	+0.212%	$77K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1696	+0.006%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1692	−0.183%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USDshort	+0.0100%	1h	0.1693	−0.147%	$508	$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	0.1702	+0.366%	$18K	$381K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1696	+0.035%	$100K	$465K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0192%	4h	0.1697	+0.088%	$1.2M	$10.9M	20x	as long as short
BloFin CASHCAT-USDT	+0.0406%	4h	0.1698	+0.147%	$51K	$512K	20x	as long as short
Lighter CASHCAT	+0.0920%	1h	0.1699	+0.189%	$1.2M	$1.9M	3x	as long as short
Bybit CASHCATUSDTlong	+0.1438%	4h	0.1696	long leg	$12.9M	$18.7M	10x
MEXC CASHCAT_USDT	+0.1618%	4h	0.1697	+0.083%	$8.5M	$485K	20x	as long as short
Aster CASHCATUSDT	+0.1714%	1h	0.1696	+0.054%	$561K	$1.1M	10x	as long as short
BingX CASHCAT-USDT	+0.1850%	4h	0.1697	+0.088%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.2645%	4h	0.1693	−0.143%	$51K	$171K	5x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1694	−0.065%	$117K	$219K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1714	+1.091%	$8K	$12K	5.5x	as long as short