Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Bybit+0.089%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$321as in the Funding arb table

Net, price: spread back to 7d avg − costs−$302as in the Price arb table

costs, in and out, $10k−$3153.153% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.802%+$80 · spread now +0.089%, 7d avg −0.047%

Together, before fees+0.744%+$74 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: SunX is 0.136% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CASHCATUSDT	0.1688	0.0100	pay 0.0050% / 4h	3h 38m	$12.7M	$19.2M	10x
Short	SunX CASHCAT-USDT	0.1689	0.0100	get 0.0013% / 1h	38m 39s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.047%: $13.63
Slippage, 4 orders: −$296.31
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$301.68
Costs to cover: 3.153%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; SunX: live order book, 8 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	4.75 bp	44.9 bp −$45	121.2 bp −$1,212	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	80.14 bp	106.5 bp −$107	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
Lighter RH CASHCAT	+0.0096%	1h	0.1685	−0.148%	$349K	$944K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1687	−0.053%	$46.4M	$20.6M	3x	as long as short
Bybit CASHCATUSDTlong	+0.0100%	4h	0.1688	long leg	$12.7M	$19.2M	10x
Gate CASHCAT_USDT	+0.0100%	4h	0.1685	−0.166%	$1.5M	$1.8M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1687	−0.041%	$8.5M	$532K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1686	−0.077%	$599K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1686	−0.076%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1690	+0.119%	$77K	$60K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1686	−0.101%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDTshort	+0.0100%	1h	0.1689	+0.089%	—	$2.4M	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1725	+2.192%	$23K	$253K	10x	as long as short
SoDEX CASHCAT-USD	+0.0116%	1h	0.1689	+0.047%	$507	$1K	3x	as long as short
Lighter CASHCAT	+0.0408%	1h	0.1684	−0.190%	$1.1M	$1.7M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1686	−0.122%	$242K	$886K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0510%	4h	0.1688	+0.018%	$1.4M	$12.9M	20x	as long as short
BingX CASHCAT-USDT	+0.0522%	4h	0.1688	+0.018%	—	$1.1M	—	as long as short
BloFin CASHCAT-USDT	+0.0750%	4h	0.1689	+0.077%	$53K	$598K	20x	as long as short
edgeX CASHCATUSDC	+0.0929%	4h	0.1688	+0.037%	$51K	$168K	5x	as long as short
Nado CASHCAT-PERP	+0.1537%	1h	0.1685	−0.160%	$250K	$204K	5x	as long as short
Arcus CASHCAT-USD	+0.3849%	1h	0.1689	+0.066%	$104K	$313K	5x	as long as short
Aster CASHCATUSDT	+0.4184%	1h	0.1690	+0.115%	$548K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1712	+1.440%	$8K	$18K	5.5x	as long as short