Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: SunX against Hyperliquid−0.229%7-day average +0.017% · you buy dearer than you sell

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

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.391%−$39 on $10k

Price spread, last 3 days (all we have)+0.442%+$44 · spread now −0.229%, 7d avg +0.017%

Together, before fees+0.051%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 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: SunX is 0.245% cheaper against Hyperliquid than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid CASHCAT	0.1689	0.0100	pay 0.0013% / 1h	39m 17s	$46.6M	$20.5M	3x
Short	SunX CASHCAT-USDT	0.1685	0.0100	get 0.0013% / 1h	39m 17s	—	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.229%Rate

Funding earned: $0
Price spread: −0.229% → +0.017%: −$24.52
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$41.52
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 4 min ago; SunX: live order book, 8 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	1.18 bp	13.1 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	83.46 bp	158.9 bp −$159	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1689	−0.006%	$261K	$183K	5x	as long as short
Hyperliquid CASHCATlong	+0.0100%	1h	0.1689	long leg	$46.6M	$20.5M	3x
Gate CASHCAT_USDT	+0.0100%	4h	0.1689	−0.036%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1690	+0.059%	$602K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1693	+0.218%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1691	+0.083%	$76K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1690	+0.065%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDTshort	+0.0100%	1h	0.1685	−0.229%	—	$2.6M	10x
SoDEX CASHCAT-USD	+0.0100%	1h	0.1688	−0.083%	$506	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1696	+0.409%	$18K	$383K	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	0.1689	−0.035%	$99K	$466K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0114%	4h	0.1689	−0.006%	$1.2M	$10.8M	20x	as long as short
Lighter RH CASHCAT	+0.0160%	1h	0.1690	+0.036%	$329K	$842K	3x	as long as short
BloFin CASHCAT-USDT	+0.0354%	4h	0.1692	+0.172%	$50K	$511K	20x	as long as short
Lighter CASHCAT	+0.0768%	1h	0.1692	+0.166%	$1.2M	$1.9M	3x	as long as short
Aster CASHCATUSDT	+0.1696%	1h	0.1691	+0.124%	$559K	$1.1M	10x	as long as short
Bybit CASHCATUSDT	+0.1950%	4h	0.1690	+0.059%	$12.9M	$18.7M	10x	as long as short
MEXC CASHCAT_USDT	+0.2128%	4h	0.1692	+0.166%	$8.4M	$484K	20x	as long as short
BingX CASHCAT-USDT	+0.2492%	4h	0.1689	−0.006%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.2969%	4h	0.1694	+0.276%	$51K	$171K	5x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1690	+0.066%	$116K	$220K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+0.823%	$8K	$12K	5.5x	as long as short