Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.3948%/8h= −432.3% APRpaid last 24h −1.318%

Price spread now: edgeX against Injective−1.440%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$118 a day on $10k at the current rate, and edgeX is 1.440% cheaper against Injective than usual: you would sell low and buy high (−$144 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	0.1684	0.5000	pay 0.0625% / 1h	39m 58s	$8K	$18K	5.5x
Short	edgeX CASHCATUSDC	0.1660	0.1052	get 0.0526% / 4h	39m 58s	$50K	$167K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Injective. 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 InjectivebpFee edgeXbpOrdersPrice spread, now −1.440%Rate

Funding earned: −$829
Price spread: −1.440% → 0.000%: −$144
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$982.02
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; edgeX: live order book, 62 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 edgeX live order book, 62 min ago	7.32 bp	158.3 bp −$158	doesn't fit	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	0.1666	−1.081%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1667	−1.004%	$357K	$958K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1668	−0.980%	$45.8M	$20.5M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1666	−1.063%	$12.4M	$19.1M	10x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1664	−1.198%	$119K	$296K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1665	−1.110%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1667	−0.998%	$8.4M	$527K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1666	−1.093%	$582K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1668	−0.952%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1654	−1.758%	$75K	$60K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CASHCAT-USDT	+0.0100%	1h	0.1669	−0.863%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1669	−0.912%	$22K	$279K	10x	as long as short
SoDEX CASHCAT-USD	+0.0205%	1h	0.1668	−0.974%	$500	$1K	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1666	−1.049%	$209K	$854K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0786%	1h	0.1666	−1.099%	$65K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0786%	4h	0.1666	−1.069%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0814%	4h	0.1665	−1.128%	$1.4M	$12.6M	20x	as long as short
Aster CASHCATUSDT	+0.0908%	1h	0.1664	−1.170%	$556K	$1.1M	10x	as long as short
edgeX CASHCATUSDCshort	+0.1052%	4h	0.1660	−1.440%	$50K	$167K	5x
BloFin CASHCAT-USDT	+0.1087%	4h	0.1669	−0.891%	$53K	$569K	20x	as long as short
Nado CASHCAT-PERP	+0.1438%	1h	0.1664	−1.173%	$246K	$216K	5x	as long as short
Injective CASHCAT/USDC PERPlong	+0.5000%	1h	0.1684	long leg	$8K	$18K	5.5x