Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0920%/8h= +100.8% APRpaid last 24h +0.036%

Price spread now: edgeX against Hyperliquid+0.623%106s7-day average +0.217% · you sell dearer than you buy

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

Long on Hyperliquid Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.287%−$29 · spread now +0.623%, 7d avg +0.217%

Together, before fees−0.285%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and edgeX is 0.406% dearer against Hyperliquid than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of +0.217%. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.1% 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	Hyperliquid CASHCAT	0.1592	0.0100	pay 0.0013% / 1h	1m 53s	$43.5M	$19.9M	3x
Short	edgeX CASHCATUSDC	0.1602	0.1020	get 0.0510% / 4h	1m 53s	$48K	$170K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.623%Rate

Funding earned: $193.29
Price spread: +0.623% → +0.217%: $40.64
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $215.92
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 11 min ago; edgeX: live order book, 55 min ago. 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, 11 min ago	1.88 bp	22.3 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 55 min ago	9.72 bp	155.6 bp −$156	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
Lighter CASHCAT	+0.0096%	1h	0.1590	−0.132%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1595	+0.207%	$314K	$851K	3x	as long as short
Hyperliquid CASHCATlong	+0.0100%	1h	0.1592	long leg	$43.5M	$19.9M	3x
Bybit CASHCATUSDT	+0.0100%	4h	0.1592	+0.013%	$12.0M	$18.7M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1588	−0.239%	$1.3M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1591	−0.069%	$7.9M	$525K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1589	−0.195%	$553K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1602	+0.655%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1598	+0.364%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1599	+0.440%	—	$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
SoDEX CASHCAT-USD	+0.0100%	1h	0.1595	+0.188%	$478	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1599	+0.475%	$18K	$326K	10x	as long as short
Nado CASHCAT-PERP	+0.0232%	1h	0.1595	+0.179%	$215K	$186K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1589	−0.194%	$97K	$602K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0864%	1h	0.1599	+0.446%	$63K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0874%	4h	0.1592	+0.006%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0966%	4h	0.1592	+0.006%	$1.4M	$10.9M	20x	as long as short
edgeX CASHCATUSDCshort	+0.1020%	4h	0.1602	+0.623%	$48K	$170K	5x
BloFin CASHCAT-USDT	+0.1230%	4h	0.1603	+0.697%	$52K	$501K	20x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1599	+0.429%	$96K	$261K	5x	as long as short
Aster CASHCATUSDT	+0.2291%	1h	0.1593	+0.094%	$531K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1619	+1.702%	$8K	$18K	5.5x	as long as short