Funding arb · Price arb /

CASHCAT

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Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0423%/8h= −46.3% APRpaid last 24h +0.142%

Price spread now: Nado against edgeX−0.002%62s7-day average −0.262% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$4134.135% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.158%+$16 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.002%, 7d avg −0.262%

Together, before fees+0.075%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.260% dearer against edgeX than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.262%): +$26 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 3 days funding on this pair paid +0.158%, so the current rate has only just turned against you. The two prices were read 62 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	edgeX CASHCATUSDC	0.1649	0.0523	pay 0.0261% / 4h	1h 12m	$50K	$170K	5x
Short	Nado CASHCAT-PERP	0.1649	0.0100	get 0.0012% / 1h	12m 10s	$247K	$185K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.002%Rate

Funding earned: −$88.73
Price spread: −0.002% → −0.262%: $26
Slippage, 4 orders: −$404.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 0 bp × 2 orders: $0
Net: −$476.23
Costs to cover: 4.135%
Break-even: never at this rate

Slippage from edgeX: live order book, 49 min ago; Nado: live order book, 50 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 edgeX live order book, 49 min ago	3.94 bp	142.0 bp −$142	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 50 min ago	32.46 bp	67.6 bp −$68	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
Nado CASHCAT-PERPshort	+0.0100%	1h	0.1649	−0.002%	$247K	$185K	5x
Hyperliquid CASHCAT	+0.0100%	1h	0.1648	−0.057%	$44.9M	$19.2M	3x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1650	+0.063%	$114K	$221K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1648	−0.014%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1648	−0.063%	$560K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1649	+0.003%	$1.2M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1646	−0.190%	$75K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1649	+0.032%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1648	−0.020%	$494	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1658	+0.540%	$18K	$342K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CASHCAT-USD	+0.0266%	1h	0.1651	+0.119%	$66K	$1.2M	3x	as long as short
MEXC CASHCAT_USDT	+0.0342%	4h	0.1650	+0.107%	$8.2M	$511K	20x	as long as short
Bybit CASHCATUSDT	+0.0346%	4h	0.1649	+0.034%	$12.3M	$17.9M	10x	as long as short
Lighter RH CASHCAT	+0.0384%	1h	0.1650	+0.083%	$321K	$828K	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1650	+0.056%	$100K	$500K	5x	as long as short
edgeX CASHCATUSDClong	+0.0523%	4h	0.1649	long leg	$50K	$170K	5x
BingX CASHCAT-USDT	+0.0542%	4h	0.1649	+0.022%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0570%	4h	0.1649	+0.022%	$1.3M	$10.6M	20x	as long as short
Lighter CASHCAT	+0.0768%	1h	0.1650	+0.059%	$1.2M	$1.7M	3x	as long as short
BloFin CASHCAT-USDT	+0.0806%	4h	0.1651	+0.143%	$52K	$466K	20x	as long as short
Aster CASHCATUSDT	+0.1491%	1h	0.1647	−0.087%	$550K	$1.0M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1676	+1.660%	$8K	$18K	5.5x	as long as short