Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.085%

Price spread now: Polymarket Perps against HTX+0.213%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$476as in the Funding arb table

Net, price: spread back to 7d avg − costs−$510as in the Price arb table

costs, in and out, $10k−$5325.322% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.562%+$56 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.213%, 7d avg −0.005%

Together, before fees+0.339%+$34 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: Polymarket Perps is 0.218% dearer against HTX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CASHCAT-USDT	0.1669	0.0100	pay 0.0013% / 1h	56m 40s	$22K	$257K	10x
Short	Polymarket Perps CASHCAT-USD	0.1673	0.0100	get 0.0013% / 1h	56m 40s	$65K	$1.4M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.213%Rate

Funding earned: $0
Price spread: +0.213% → −0.005%: $21.78
Slippage, 4 orders: −$512.24
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$510.46
Costs to cover: 5.322%
Break-even: never at this rate

Slippage from HTX: live order book, 40 min ago; Polymarket Perps: live order book, 7 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, 40 min ago	50.47 bp	271.8 bp −$272	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 7 min ago	3.60 bp	9.9 bp −$10	18.1 bp −$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	0.1668	−0.063%	$1.1M	$1.7M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1670	+0.027%	$357K	$931K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1672	+0.141%	$46.0M	$20.6M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1672	+0.147%	$1.5M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1672	+0.129%	$600K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1673	+0.214%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1667	−0.141%	$76K	$60K	50x	as long as short
Polymarket Perps CASHCAT-USDshort	+0.0100%	1h	0.1673	+0.213%	$65K	$1.4M	3x
SunX CASHCAT-USDT	+0.0100%	1h	0.1676	+0.401%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1675	+0.326%	$502	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDTlong	+0.0100%	1h	0.1669	long leg	$22K	$257K	10x
edgeX CASHCATUSDC	+0.0386%	4h	0.1671	+0.097%	$51K	$167K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1672	+0.135%	$240K	$886K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0580%	4h	0.1669	−0.027%	$1.4M	$12.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.0830%	4h	0.1671	+0.093%	$53K	$582K	20x	as long as short
BingX CASHCAT-USDT	+0.1306%	4h	0.1673	+0.213%	—	$1.1M	—	as long as short
MEXC CASHCAT_USDT	+0.1566%	4h	0.1675	+0.320%	$8.4M	$523K	20x	as long as short
Nado CASHCAT-PERP	+0.1609%	1h	0.1674	+0.302%	$248K	$207K	5x	as long as short
Bybit CASHCATUSDT	+0.1648%	4h	0.1670	+0.009%	$12.4M	$19.2M	10x	as long as short
Arcus CASHCAT-USD	+0.3849%	1h	0.1675	+0.341%	$103K	$315K	5x	as long as short
Aster CASHCATUSDT	+0.3931%	1h	0.1674	+0.260%	$543K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1689	+1.171%	$8K	$18K	5.5x	as long as short