Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0300%/8h= +32.8% APRpaid last 24h −0.004%

Price spread now: OKX against Hyperliquid+0.232%7-day average −0.071% · you sell dearer than you buy

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

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.348%−$35 on $10k

Price spread, last 7 days−0.269%−$27 · spread now +0.232%, 7d avg −0.071%

Together, before fees−0.616%+ Points / potential airdropHyperliquid: Season 2 · farm board−$62 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and OKX is 0.303% dearer against Hyperliquid than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.071%. Mind the row above: over the last 7 days funding on this pair cost −0.348%, so the current rate has only just turned in your favour.

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 35s	$45.8M	$20.5M	3x
Short	OKX CASHCAT-USDT-SWAP	0.1676	0.0400	get 0.0200% / 4h	2h 49m	$1.3M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.232%Rate

Funding earned: $62.92
Price spread: +0.232% → −0.071%: $30.33
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: $74.25
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 4 min ago; OKX: 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 OKX live order book, 4 min ago	8.95 bp	28.7 bp −$29	99.8 bp −$998	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
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 CASHCATUSDT	+0.0100%	1h	0.1680	+0.465%	$76K	$67K	50x	as long as short
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-SWAPshort	+0.0400%	4h	0.1676	+0.232%	$1.3M	$10.8M	20x
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