Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.069%

Price spread now: ApeX Omni against Hyperliquid+0.465%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.322%+$32 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.465% dearer against Hyperliquid than usual: you sell high and buy low, +$47 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid CASHCAT	0.1672	0.0100	pay 0.0013% / 1h	49m 39s	$45.8M	$20.5M	3x
Short	ApeX Omni CASHCATUSDT	0.1680	0.0100	get 0.0013% / 1h	49m 39s	$76K	$67K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now +0.465%Rate

Funding earned: $0
Price spread: +0.465% → 0.000%: $46.53
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $27.53
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 4 min ago; ApeX Omni: no order-book sample. Net counts fees only.

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 Hyperliquid live order book, 4 min ago	1.80 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado CASHCAT-PERP	+0.0100%	1h	0.1679	+0.441%	$251K	$190K	5x	as long as short
Hyperliquid CASHCATlong	+0.0100%	1h	0.1672	long leg	$45.8M	$20.5M	3x
Gate CASHCAT_USDT	+0.0100%	4h	0.1671	−0.079%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1672	+0.011%	$591K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1680	+0.471%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDTshort	+0.0100%	1h	0.1680	+0.465%	$76K	$67K	50x
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1681	+0.519%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1679	+0.441%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1674	+0.106%	$502	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1684	+0.698%	$18K	$371K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1671	−0.087%	$117K	$479K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0400%	4h	0.1676	+0.232%	$1.3M	$10.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.0614%	4h	0.1680	+0.471%	$52K	$493K	20x	as long as short
Lighter RH CASHCAT	+0.0800%	1h	0.1674	+0.094%	$325K	$810K	3x	as long as short
Lighter CASHCAT	+0.0968%	1h	0.1675	+0.166%	$1.2M	$1.7M	3x	as long as short
BingX CASHCAT-USDT	+0.1052%	4h	0.1676	+0.232%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDT	+0.1302%	4h	0.1675	+0.148%	$8.4M	$493K	20x	as long as short
Bybit CASHCATUSDT	+0.1347%	4h	0.1677	+0.268%	$12.7M	$18.6M	10x	as long as short
edgeX CASHCATUSDC	+0.1719%	4h	0.1670	−0.155%	$50K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.2143%	1h	0.1674	+0.094%	$554K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1671	−0.041%	$116K	$224K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1689	+1.009%	$8K	$12K	5.5x	as long as short