Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.010%

Price spread now: Hyperliquid against Gate+0.140%7-day average +0.180% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$195as in the Price arb table

costs, in and out, $10k−$1911.914% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.409%+$41 on $10k

Price spread, last 7 days+0.099%+$10 · spread now +0.140%, 7d avg +0.180%

Together, before fees+0.509%+ Points / potential airdropHyperliquid: Season 2 · farm board+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.040% cheaper against Gate than usual: you would sell low and buy high (spread +0.140% now, against its 7-day average of +0.180%). If the spread goes back, that is −$4 on $10k: about 8.4 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.409% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CASHCAT_USDT	0.1715	0.0084	pay 0.0042% / 4h	2h 40m	$1.5M	$2.0M	20x
Short	Hyperliquid CASHCAT	0.1717	0.0100	get 0.0013% / 1h	40m 11s	$48.7M	$18.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.140%Rate

Funding earned: $3.36
Price spread: +0.140% → +0.180%: −$4.03
Slippage, 4 orders: −$167.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$192.05
Costs to cover: 1.914%
Break-even: 407.1 days

Slippage from Gate: live order book, 2 min ago; Hyperliquid: live order book, 3 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 Gate live order book, 2 min ago	8.45 bp	72.9 bp −$73	803.7 bp −$8,037	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	4.89 bp	15.6 bp −$16	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
Aster CASHCATUSDT	−0.0062%	1h	0.1719	+0.278%	$566K	$1.3M	10x	as long as short
Gate CASHCAT_USDTlong	+0.0084%	4h	0.1715	long leg	$1.5M	$2.0M	20x
Lighter CASHCAT	+0.0096%	1h	0.1727	+0.711%	$1.2M	$2.0M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1727	+0.700%	$335K	$772K	3x	as long as short
Hyperliquid CASHCATshort	+0.0100%	1h	0.1717	+0.140%	$48.7M	$18.9M	3x
Bybit CASHCATUSDT	+0.0100%	4h	0.1718	+0.163%	$12.9M	$18.4M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1717	+0.134%	$1.0M	$10.7M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1724	+0.538%	$101K	$184K	5x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1721	+0.338%	$8.6M	$483K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1723	+0.467%	$579K	$2.4M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CASHCAT-USDT	+0.0100%	4h	0.1718	+0.192%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1727	+0.706%	$1.5M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1742	+1.610%	$79K	$71K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1726	+0.677%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1725	+0.624%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1725	+0.589%	$517	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1726	+0.634%	$18K	$421K	10x	as long as short
edgeX CASHCATUSDC	+0.0106%	4h	0.1738	+1.379%	$52K	$172K	5x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1723	+0.484%	$50K	$490K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1726	+0.652%	$90K	$474K	5x	as long as short
Nado CASHCAT-PERP	+0.0556%	1h	0.1723	+0.484%	$243K	$156K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1862	+8.590%	$12K	$9K	5.5x	as long as short