Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.4900%/8h= +536.5% APRpaid last 24h +1.362%

Price spread now: Injective against Gate+4.264%54s7-day average — · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$147 a day on $10k at the current rate, and Injective is 4.264% dearer against Gate than usual: you sell high and buy low: +$426 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 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	Gate CASHCAT_USDT	0.1569	0.0100	pay 0.0050% / 4h	3h 08m	$1.4M	$2.0M	20x
Short	Injective CASHCAT/USDC PERP	0.1636	0.5000	get 0.0625% / 1h	8m 24s	$8K	$18K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +4.264%Rate

Funding earned: $1,029
Price spread: +4.264% → 0.000%: $426.36
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,440.34
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 4 min ago; Injective: no order-book sample. 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 Gate live order book, 4 min ago	9.12 bp	67.9 bp −$68	1218.8 bp −$12.2K	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 CASHCAT	−0.0312%	1h	0.1560	−0.586%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1564	−0.344%	$318K	$919K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1567	−0.166%	$42.8M	$20.0M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1576	+0.465%	$11.7M	$19.0M	10x	as long as short
Gate CASHCAT_USDTlong	+0.0100%	4h	0.1569	long leg	$1.4M	$2.0M	20x
MEXC CASHCAT_USDT	+0.0100%	4h	0.1567	−0.147%	$7.8M	$523K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1564	−0.312%	$548K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1581	+0.753%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1593	+1.542%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1564	−0.337%	—	$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
SoDEX CASHCAT-USD	+0.0100%	1h	0.1572	+0.204%	$472	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1563	−0.372%	$18K	$315K	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1573	+0.252%	$164K	$675K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0606%	1h	0.1565	−0.261%	$66K	$1.3M	3x	as long as short
Nado CASHCAT-PERP	+0.0668%	1h	0.1562	−0.430%	$211K	$180K	5x	as long as short
BingX CASHCAT-USDT	+0.0848%	4h	0.1574	+0.312%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0880%	4h	0.1574	+0.312%	$1.4M	$11.2M	20x	as long as short
edgeX CASHCATUSDC	+0.0969%	4h	0.1595	+1.662%	$48K	$169K	5x	as long as short
BloFin CASHCAT-USDT	+0.1138%	4h	0.1570	+0.057%	$51K	$520K	20x	as long as short
Aster CASHCATUSDT	+0.2376%	1h	0.1572	+0.204%	$525K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1571	+0.103%	$95K	$267K	5x	as long as short
Injective CASHCAT/USDC PERPshort	+0.5000%	1h	0.1636	+4.264%	$8K	$18K	5.5x