Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: OKX against Gate+0.040%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$198as in the Price arb table

costs, in and out, $10k−$1921.916% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 7 days+0.069%+$7 · spread now +0.040%, 7d avg +0.103%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.063% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CASHCAT_USDT	0.1753	0.0100	pay 0.0050% / 4h	48m 01s	$1.5M	$1.9M	20x
Short	OKX CASHCAT-USDT-SWAP	0.1754	0.0100	get 0.0050% / 4h	48m 01s	$1.1M	$10.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.103%: −$6.34
Slippage, 4 orders: −$166.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$197.94
Costs to cover: 1.916%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; OKX: live order book, 5 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, 4 min ago	8.82 bp	75.6 bp −$76	684.4 bp −$6,844	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	5.68 bp	23.4 bp −$23	84.5 bp −$845	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
Hyperliquid CASHCAT	+0.0100%	1h	0.1758	+0.245%	$49.6M	$18.5M	3x	as long as short
OKX CASHCAT-USDT-SWAPshort	+0.0100%	4h	0.1754	+0.040%	$1.1M	$10.6M	20x
Gate CASHCAT_USDTlong	+0.0100%	4h	0.1753	long leg	$1.5M	$1.9M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1752	−0.080%	$592K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1763	+0.546%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1760	+0.376%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1758	+0.261%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1754	+0.023%	$526	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1757	+0.198%	$19K	$395K	10x	as long as short
BingX CASHCAT-USDT	+0.0237%	4h	0.1757	+0.211%	—	$1.0M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CASHCAT_USDT	+0.0244%	4h	0.1758	+0.245%	$8.7M	$464K	20x	as long as short
Bybit CASHCATUSDT	+0.0246%	4h	0.1757	+0.194%	$13.1M	$18.1M	10x	as long as short
Nado CASHCAT-PERP	+0.0255%	1h	0.1749	−0.245%	$247K	$155K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0283%	1h	0.1753	+0.006%	$66K	$1.2M	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1761	+0.439%	$5K	$496K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1755	+0.087%	$96K	$463K	5x	as long as short
edgeX CASHCATUSDC	+0.0761%	4h	0.1763	+0.559%	$53K	$171K	5x	as long as short
Lighter RH CASHCAT	+0.0904%	1h	0.1758	+0.268%	$337K	$815K	3x	as long as short
Lighter CASHCAT	+0.1448%	1h	0.1758	+0.291%	$1.3M	$1.9M	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1759	+0.347%	$121K	$215K	5x	as long as short
Aster CASHCATUSDT	+0.3144%	1h	0.1756	+0.131%	$577K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1845	+5.230%	$12K	$9K	5.5x	as long as short