Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against HTX−0.566%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$556as in the Funding arb table

Net, price: spread back to 7d avg − costs−$618as in the Price arb table

costs, in and out, $10k−$5645.637% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 3 days (all we have)+0.393%+$39 · spread now −0.566%, 7d avg −0.018%

Together, before fees+0.473%+$47 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: Bybit is 0.547% cheaper against HTX than usual: you would sell low and buy high, −$55 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CASHCAT-USDT	0.1759	0.0100	pay 0.0013% / 1h	37m 32s	$19K	$407K	10x
Short	Bybit CASHCATUSDT	0.1749	0.0100	get 0.0050% / 4h	1h 37m	$13.1M	$18.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against HTX. 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 HTXbpFee BybitbpOrdersPrice spread, now −0.566%Rate

Funding earned: $0
Price spread: −0.566% → −0.018%: −$54.74
Slippage, 4 orders: −$540.74
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$618.48
Costs to cover: 5.637%
Break-even: never at this rate

Slippage from HTX: live order book, 46 min ago; Bybit: live order book, 1 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 HTX live order book, 46 min ago	45.51 bp	233.5 bp −$234	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.99 bp	34.9 bp −$35	118.1 bp −$1,181	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	0.1751	−0.441%	$1.3M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1747	−0.657%	$49.5M	$18.7M	3x	as long as short
Bybit CASHCATUSDTshort	+0.0100%	4h	0.1749	−0.566%	$13.1M	$18.6M	10x
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1748	−0.600%	$1.1M	$11.0M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1748	−0.613%	$102K	$197K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1748	−0.594%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1752	−0.355%	$8.7M	$466K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1746	−0.685%	$590K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1750	−0.486%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1754	−0.236%	$1.5M	$1.7M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1751	−0.412%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1747	−0.643%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1750	−0.509%	$525	$1K	3x	as long as short
HTX CASHCAT-USDTlong	+0.0100%	1h	0.1759	long leg	$19K	$407K	10x
BloFin CASHCAT-USDT	+0.0340%	4h	0.1747	−0.657%	$50K	$504K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1749	−0.547%	$96K	$469K	5x	as long as short
Nado CASHCAT-PERP	+0.0533%	1h	0.1745	−0.771%	$246K	$157K	5x	as long as short
Lighter RH CASHCAT	+0.0552%	1h	0.1751	−0.418%	$339K	$792K	3x	as long as short
Polymarket Perps CASHCAT-USD	+0.0649%	1h	0.1750	−0.503%	$66K	$1.3M	3x	as long as short
edgeX CASHCATUSDC	+0.0809%	4h	0.1752	−0.392%	$52K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.2335%	1h	0.1749	−0.524%	$571K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1835	+4.347%	$12K	$9K	5.5x	as long as short