Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1202%/8h= +131.6% APRpaid last 24h −0.004%

Price spread now: MEXC against Hyperliquid+0.227%7-day average −0.021% · you sell dearer than you buy

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

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.336%−$34 on $10k

Price spread, last 7 days−0.220%−$22 · spread now +0.227%, 7d avg −0.021%

Together, before fees−0.556%+ Points / potential airdropHyperliquid: Season 2 · farm board−$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and MEXC is 0.249% dearer against Hyperliquid than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.336%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.336% in total (about -17.5% 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	0.1671	0.0100	pay 0.0013% / 1h	48m 54s	$45.8M	$20.5M	3x
Short	MEXC CASHCAT_USDT	0.1675	0.1302	get 0.0651% / 4h	2h 48m	$8.4M	$493K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.227%Rate

Funding earned: $252.42
Price spread: +0.227% → −0.021%: $24.88
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 10 bp × 2 orders: −$20
Net: $248.3
Costs to cover: 0.290%
Break-even: 0.1 days

Slippage unknown: Hyperliquid: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago	1.80 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	4.76 bp	18.0 bp −$18	85.8 bp −$858	1169.5 bp −$116.9K	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1671	−0.042%	$250K	$189K	5x	as long as short
Hyperliquid CASHCATlong	+0.0100%	1h	0.1671	long leg	$45.8M	$20.5M	3x
Gate CASHCAT_USDT	+0.0100%	4h	0.1671	−0.024%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1672	+0.054%	$591K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1680	+0.514%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1680	+0.509%	$76K	$67K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1672	+0.054%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1671	+0.001%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1672	+0.012%	$501	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1684	+0.741%	$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	−0.003%	$117K	$479K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0400%	4h	0.1673	+0.096%	$1.3M	$10.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.0642%	4h	0.1672	+0.036%	$51K	$490K	20x	as long as short
Lighter RH CASHCAT	+0.0800%	1h	0.1674	+0.162%	$325K	$810K	3x	as long as short
BingX CASHCAT-USDT	+0.1052%	4h	0.1675	+0.215%	—	$1.0M	—	as long as short
Lighter CASHCAT	+0.1096%	1h	0.1675	+0.233%	$1.2M	$1.7M	3x	as long as short
MEXC CASHCAT_USDTshort	+0.1302%	4h	0.1675	+0.227%	$8.4M	$493K	20x
Bybit CASHCATUSDT	+0.1347%	4h	0.1672	+0.042%	$12.6M	$18.6M	10x	as long as short
edgeX CASHCATUSDC	+0.1719%	4h	0.1670	−0.112%	$50K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.2143%	1h	0.1674	+0.138%	$554K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1671	+0.002%	$116K	$224K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1693	+1.292%	$8K	$12K	5.5x	as long as short