Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0412%/8h= +45.1% APRpaid last 24h +0.203%

Price spread now: Nado against Gate−0.113%7-day average +0.055% · 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−$266as in the Price arb table

costs, in and out, $10k−$2492.495% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.280%+$28 on $10k

Price spread, last 3 days (all we have)+0.481%+$48 · spread now −0.113%, 7d avg +0.055%

Together, before fees+0.761%+ Points / potential airdropNado: Active · farm board+$76 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.168% cheaper against Gate than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of +0.055%). If the spread goes back, that is −$17 on $10k: about 33 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CASHCAT_USDT	0.1733	0.0100	pay 0.0050% / 4h	1h 32m	$1.5M	$2.0M	20x
Short	Nado CASHCAT-PERP	0.1731	0.0512	get 0.0064% / 1h	32m 02s	$244K	$157K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.113%Rate

Funding earned: $86.45
Price spread: −0.113% → +0.055%: −$16.77
Slippage, 4 orders: −$234.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 0 bp × 2 orders: $0
Net: −$179.78
Costs to cover: 2.495%
Break-even: 21.6 days

Slippage from Gate: live order book, 1 min ago; Nado: live order book, 51 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, 1 min ago	6.07 bp	73.1 bp −$73	767.2 bp −$7,672	doesn't fit	doesn't fit
Sell Nado live order book, 51 min ago	21.53 bp	53.4 bp −$53	402.5 bp −$4,025	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 CASHCAT	+0.0096%	1h	0.1736	+0.196%	$1.2M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1733	+0.023%	$49.0M	$18.8M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1736	+0.173%	$13.0M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1734	+0.058%	$1.1M	$10.9M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1743	+0.581%	$110K	$205K	5x	as long as short
Gate CASHCAT_USDTlong	+0.0100%	4h	0.1733	long leg	$1.5M	$2.0M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1734	+0.075%	$586K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1734	+0.058%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1749	+0.915%	$1.5M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1739	+0.340%	$78K	$72K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CASHCAT-USDT	+0.0100%	1h	0.1739	+0.323%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1735	+0.121%	$521	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1742	+0.497%	$18K	$406K	10x	as long as short
edgeX CASHCATUSDC	+0.0100%	4h	0.1740	+0.424%	$52K	$172K	5x	as long as short
MEXC CASHCAT_USDT	+0.0112%	4h	0.1735	+0.121%	$8.6M	$467K	20x	as long as short
Lighter RH CASHCAT	+0.0264%	1h	0.1736	+0.167%	$338K	$805K	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1739	+0.346%	$50K	$506K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1733	−0.027%	$95K	$467K	5x	as long as short
Nado CASHCAT-PERPshort	+0.0512%	1h	0.1731	−0.113%	$244K	$157K	5x
Polymarket Perps CASHCAT-USD	+0.0590%	1h	0.1735	+0.121%	$66K	$1.3M	3x	as long as short
Aster CASHCATUSDT	+0.2483%	1h	0.1733	+0.017%	$566K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1834	+5.828%	$12K	$9K	5.5x	as long as short