Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.4202%/8h= −460.2% APRpaid last 24h −1.252%

Price spread now: BloFin against Injective−0.822%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$126 a day on $10k at the current rate, and BloFin is 0.822% cheaper against Injective than usual: you would sell low and buy high (−$82 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CASHCAT/USDC PERP	0.1703	0.5000	pay 0.0625% / 1h	46m 15s	$8K	$18K	5.5x
Short	BloFin CASHCAT-USDT	0.1689	0.0798	get 0.0399% / 4h	3h 46m	$53K	$597K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee BloFinbpOrdersPrice spread, now −0.822%Rate

Funding earned: −$882.52
Price spread: −0.822% → 0.000%: −$82.21
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$976.75
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 30 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 30 min ago	8.95 bp	15.3 bp −$15	55.2 bp −$552	doesn't fit	doesn't fit

Injective: 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
Lighter CASHCAT	+0.0096%	1h	0.1683	−1.192%	$1.1M	$1.7M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1684	−1.133%	$360K	$931K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1685	−1.080%	$46.4M	$20.5M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1683	−1.204%	$1.5M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1684	−1.098%	$606K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1683	−1.147%	$1.1M	$1.8M	—	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1681	−1.268%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1683	−1.164%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1684	−1.110%	$505	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1700	−0.168%	$23K	$254K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0401%	1h	0.1685	−1.069%	$76K	$60K	50x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1685	−1.084%	$242K	$884K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0558%	4h	0.1683	−1.174%	$1.4M	$12.8M	20x	as long as short
MEXC CASHCAT_USDT	+0.0592%	4h	0.1686	−1.016%	$8.5M	$528K	20x	as long as short
Bybit CASHCATUSDT	+0.0633%	4h	0.1685	−1.033%	$12.7M	$19.2M	10x	as long as short
BloFin CASHCAT-USDTshort	+0.0798%	4h	0.1689	−0.822%	$53K	$597K	20x
edgeX CASHCATUSDC	+0.1015%	4h	0.1682	−1.206%	$51K	$168K	5x	as long as short
BingX CASHCAT-USDT	+0.1162%	4h	0.1684	−1.116%	—	$1.1M	—	as long as short
Nado CASHCAT-PERP	+0.1620%	1h	0.1680	−1.321%	$250K	$204K	5x	as long as short
Arcus CASHCAT-USD	+0.3849%	1h	0.1682	−1.261%	$104K	$313K	5x	as long as short
Aster CASHCATUSDT	+0.4096%	1h	0.1684	−1.094%	$547K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERPlong	+0.5000%	1h	0.1703	long leg	$8K	$18K	5.5x