Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1336%/8h= −146.3% APRpaid last 24h −0.024%

Price spread now: SunX against edgeX−1.302%7-day average −0.172% · you buy dearer than you sell

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

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.392%−$39 on $10k

Price spread, last 3 days (all we have)+1.508%+$151 · spread now −1.302%, 7d avg −0.172%

Together, before fees+1.116%+ Points / potential airdropedgeX: Active · farm board+$112 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and SunX is 1.130% cheaper against edgeX than usual: you would sell low and buy high (−$113 if the spread goes back to its 7-day average of −0.172%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.392% in total (about -20.4% 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	0.1668	0.1436	pay 0.0718% / 4h	2h 00m	$50K	$171K	5x
Short	SunX CASHCAT-USDT	0.1646	0.0100	get 0.0013% / 1h	0m 50s	—	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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 edgeXbpFee SunXbpOrdersPrice spread, now −1.302%Rate

Funding earned: −$280.64
Price spread: −1.302% → −0.172%: −$112.96
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$410.6
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 1 min ago; SunX: 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, 1 min ago	3.94 bp	142.0 bp −$142	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	79.83 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

CASHCAT on 21 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	0.1646	−1.340%	$321K	$818K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1644	−1.453%	$246K	$187K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1642	−1.573%	$44.9M	$19.1M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1643	−1.519%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1643	−1.507%	$580K	$2.3M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1649	−1.153%	$1.4M	$1.4M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1663	−0.266%	$75K	$63K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1646	−1.346%	$66K	$1.2M	3x	as long as short
SunX CASHCAT-USDTshort	+0.0100%	1h	0.1646	−1.302%	—	$2.5M	10x
SoDEX CASHCAT-USD	+0.0100%	1h	0.1645	−1.394%	$493	$1K	3x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1659	−0.554%	$18K	$354K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1642	−1.526%	$97K	$488K	5x	as long as short
Lighter CASHCAT	+0.0168%	1h	0.1644	−1.442%	$1.2M	$1.7M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0437%	4h	0.1647	−1.256%	$1.3M	$10.2M	20x	as long as short
Aster CASHCATUSDT	+0.0841%	1h	0.1646	−1.342%	$543K	$1.0M	10x	as long as short
MEXC CASHCAT_USDT	+0.0990%	4h	0.1645	−1.358%	$8.2M	$500K	20x	as long as short
Bybit CASHCATUSDT	+0.0990%	4h	0.1646	−1.316%	$12.5M	$17.6M	10x	as long as short
BingX CASHCAT-USDT	+0.1008%	4h	0.1645	−1.376%	—	$1.0M	—	as long as short
edgeX CASHCATUSDClong	+0.1436%	4h	0.1668	long leg	$50K	$171K	5x
Arcus CASHCAT-USD	+0.2842%	1h	0.1656	−0.746%	$115K	$217K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+2.102%	$8K	$12K	5.5x	as long as short