Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1014%/8h= +111.0% APRpaid last 24h +0.044%

Price spread now: OKX against HTX+0.151%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$555as in the Funding arb table

Net, price: spread back to 7d avg − costs−$549as in the Price arb table

costs, in and out, $10k−$5665.659% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.297%−$30 · spread now +0.151%, 7d avg −0.018%

Together, before fees−0.188%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and OKX is 0.168% dearer against HTX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.018%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.109% in total (about 5.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CASHCAT-USDT	0.1595	0.0100	pay 0.0013% / 1h	13m 53s	$19K	$302K	10x
Short	OKX CASHCAT-USDT-SWAP	0.1597	0.1114	get 0.0557% / 4h	2h 13m	$1.4M	$11.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.151%Rate

Funding earned: $212.96
Price spread: +0.151% → −0.018%: $16.84
Slippage, 4 orders: −$543.85
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$336.05
Costs to cover: 5.659%
Break-even: 18.0 days

Slippage from HTX: live order book, 33 min ago; OKX: live order book, 4 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, 33 min ago	63.58 bp	282.2 bp −$282	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	6.22 bp	33.9 bp −$34	86.9 bp −$869	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	−0.0504%	1h	0.1594	−0.038%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1594	−0.019%	$347K	$952K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1593	−0.078%	$43.5M	$20.1M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1593	−0.119%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1593	−0.088%	$563K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1595	+0.031%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1594	−0.031%	$72K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1592	−0.169%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1594	−0.050%	$478	$1K	3x	as long as short
HTX CASHCAT-USDTlong	+0.0100%	1h	0.1595	long leg	$19K	$302K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado CASHCAT-PERP	+0.0107%	1h	0.1591	−0.248%	$204K	$192K	5x	as long as short
Aster CASHCATUSDT	+0.0292%	1h	0.1595	+0.019%	$536K	$1.1M	10x	as long as short
MEXC CASHCAT_USDT	+0.0422%	4h	0.1597	+0.163%	$7.9M	$524K	20x	as long as short
Bybit CASHCATUSDT	+0.0456%	4h	0.1597	+0.132%	$12.0M	$19.0M	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1592	−0.149%	$100K	$748K	5x	as long as short
edgeX CASHCATUSDC	+0.0606%	4h	0.1601	+0.420%	$49K	$169K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0650%	1h	0.1594	−0.050%	$64K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.1048%	4h	0.1596	+0.088%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAPshort	+0.1114%	4h	0.1597	+0.151%	$1.4M	$11.7M	20x
BloFin CASHCAT-USDT	+0.1430%	4h	0.1593	−0.100%	$52K	$535K	20x	as long as short
Arcus CASHCAT-USD	+0.2390%	1h	0.1597	+0.175%	$99K	$275K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1621	+1.656%	$8K	$19K	5.5x	as long as short