Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0795%/8h= +87.1% APRpaid last 24h −0.111%

Price spread now: Bybit against Extended+0.125%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1671.670% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.523%−$52 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.125%, 7d avg +0.056%

Together, before fees−0.642%+ Points / potential airdropExtended: Active · farm board−$64 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Bybit is 0.069% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 7 days funding on this pair cost −0.523%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.523% in total (about -27.3% 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	Extended CASHCAT-USD	0.1687	0.0104	pay 0.0013% / 1h	11m 25s	$118K	$479K	5x
Short	Bybit CASHCATUSDT	0.1689	0.0899	get 0.0450% / 4h	3h 11m	$12.9M	$18.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.125%Rate

Funding earned: $166.97
Price spread: +0.125% → +0.056%: $6.91
Slippage, 4 orders: −$151.04
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $6.84
Costs to cover: 1.670%
Break-even: 6.7 days

Slippage from Extended: live order book, 61 min ago; Bybit: live order book, 2 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 Extended live order book, 61 min ago	17.97 bp	45.8 bp −$46	292.2 bp −$2,922	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.37 bp	38.5 bp −$38	118.4 bp −$1,184	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	0.1688	+0.101%	$328K	$848K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1686	−0.012%	$252K	$191K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1688	+0.059%	$46.3M	$20.7M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1686	−0.041%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1686	−0.047%	$598K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1690	+0.182%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1697	+0.635%	$77K	$67K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1687	+0.042%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1683	−0.195%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1684	−0.178%	$505	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1685	−0.101%	$18K	$373K	10x	as long as short
Extended CASHCAT-USDlong	+0.0104%	1h	0.1687	long leg	$118K	$479K	5x
OKX CASHCAT-USDT-SWAP	+0.0351%	4h	0.1690	+0.196%	$1.3M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0578%	4h	0.1691	+0.255%	$50K	$506K	20x	as long as short
BingX CASHCAT-USDT	+0.0698%	4h	0.1690	+0.196%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDT	+0.0868%	4h	0.1690	+0.220%	$8.4M	$496K	20x	as long as short
Bybit CASHCATUSDTshort	+0.0899%	4h	0.1689	+0.125%	$12.9M	$18.6M	10x
Lighter CASHCAT	+0.0960%	1h	0.1689	+0.119%	$1.2M	$1.9M	3x	as long as short
edgeX CASHCATUSDC	+0.1624%	4h	0.1704	+1.032%	$51K	$172K	5x	as long as short
Aster CASHCATUSDT	+0.2188%	1h	0.1687	+0.015%	$558K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1691	+0.273%	$116K	$220K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1722	+2.093%	$9K	$12K	5.5x	as long as short