Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0446%/8h= −48.9% APRpaid last 24h +0.046%

Price spread now: Hyperliquid against edgeX+0.020%7-day average −0.192% · you sell dearer than you buy

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

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.276%−$28 · spread now +0.020%, 7d avg −0.192%

Together, before fees−0.253%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.212% dearer against edgeX than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.192%): +$21 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 38 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CASHCATUSDC	0.1754	0.0546	pay 0.0273% / 4h	57m 01s	$52K	$171K	5x
Short	Hyperliquid CASHCAT	0.1754	0.0100	get 0.0013% / 1h	57m 01s	$49.6M	$18.5M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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 edgeXbpFee HyperliquidbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$93.74
Price spread: +0.020% → −0.192%: $21.19
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$90.55
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: edgeX: live order book, 20 min ago; Hyperliquid: live order book, 6 min ago. 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 edgeX live order book, 20 min ago	4.90 bp	150.4 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.57 bp	doesn't fit	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
Hyperliquid CASHCATshort	+0.0100%	1h	0.1754	+0.020%	$49.6M	$18.5M	3x
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1756	+0.122%	$1.1M	$10.7M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1754	−0.021%	$1.5M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1755	+0.076%	$594K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1750	−0.240%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1754	−0.015%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1754	+0.005%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1754	+0.008%	$526	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1746	−0.453%	$19K	$397K	10x	as long as short
Bybit CASHCATUSDT	+0.0208%	4h	0.1756	+0.116%	$13.1M	$18.2M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CASHCAT_USDT	+0.0208%	4h	0.1756	+0.099%	$8.7M	$460K	20x	as long as short
BingX CASHCAT-USDT	+0.0210%	4h	0.1756	+0.122%	—	$1.0M	—	as long as short
Nado CASHCAT-PERP	+0.0288%	1h	0.1752	−0.078%	$247K	$157K	5x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1754	+0.008%	$50K	$493K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0431%	1h	0.1756	+0.099%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1754	−0.020%	$96K	$464K	5x	as long as short
edgeX CASHCATUSDClong	+0.0546%	4h	0.1754	long leg	$52K	$171K	5x
Lighter CASHCAT	+0.0672%	1h	0.1756	+0.104%	$1.3M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.1288%	1h	0.1757	+0.156%	$340K	$812K	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1752	−0.091%	$120K	$213K	5x	as long as short
Aster CASHCATUSDT	+0.2949%	1h	0.1755	+0.046%	$576K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1838	+4.797%	$12K	$9K	5.5x	as long as short