Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Hyperliquid against HTX−0.369%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$530as in the Funding arb table

Net, price: spread back to 7d avg − costs−$602as in the Price arb table

costs, in and out, $10k−$5725.717% of the position

Long on HTX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.412%+$41 on $10k

Price spread, last 3 days (all we have)+0.126%+$13 · spread now −0.369%, 7d avg −0.064%

Together, before fees+0.538%+ Points / potential airdropHyperliquid: Season 2 · farm board+$54 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: Hyperliquid is 0.305% cheaper against HTX than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CASHCAT-USDT	0.1726	0.0100	pay 0.0013% / 1h	38m 36s	$18K	$421K	10x
Short	Hyperliquid CASHCAT	0.1719	0.0100	get 0.0013% / 1h	38m 36s	$48.7M	$18.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.369%Rate

Funding earned: $0
Price spread: −0.369% → −0.064%: −$30.48
Slippage, 4 orders: −$550.73
Fee HTX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$602.21
Costs to cover: 5.717%
Break-even: never at this rate

Slippage from HTX: live order book, 49 min ago; Hyperliquid: 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 HTX live order book, 49 min ago	41.59 bp	284.4 bp −$284	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 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	−0.0007%	1h	0.1722	−0.202%	$567K	$1.3M	10x	as long as short
Gate CASHCAT_USDT	+0.0092%	4h	0.1719	−0.387%	$1.5M	$2.0M	20x	as long as short
Lighter CASHCAT	+0.0096%	1h	0.1720	−0.305%	$1.2M	$2.0M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1719	−0.392%	$332K	$776K	3x	as long as short
Hyperliquid CASHCATshort	+0.0100%	1h	0.1719	−0.369%	$48.7M	$18.8M	3x
Bybit CASHCATUSDT	+0.0100%	4h	0.1719	−0.392%	$13.0M	$18.4M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1718	−0.439%	$1.0M	$10.7M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1719	−0.374%	$101K	$184K	5x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1722	−0.224%	$8.6M	$483K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1720	−0.346%	$578K	$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	0.1719	−0.381%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1727	+0.072%	$1.5M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1726	+0.048%	$78K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1723	−0.137%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1721	−0.269%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1722	−0.213%	$517	$1K	3x	as long as short
HTX CASHCAT-USDTlong	+0.0100%	1h	0.1726	long leg	$18K	$421K	10x
BloFin CASHCAT-USDT	+0.0340%	4h	0.1725	−0.033%	$50K	$491K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1719	−0.377%	$89K	$472K	5x	as long as short
Nado CASHCAT-PERP	+0.0616%	1h	0.1716	−0.549%	$242K	$157K	5x	as long as short
edgeX CASHCATUSDC	+0.0738%	4h	0.1727	+0.100%	$52K	$171K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1862	+7.906%	$12K	$9K	5.5x	as long as short