Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.4900%/8h= −536.5% APRpaid last 24h −1.357%

Price spread now: Gate against Injective−4.367%99s7-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 Gate

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 −$147 a day on $10k at the current rate, and Gate is 4.367% cheaper against Injective than usual: you would sell low and buy high (−$437 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CASHCAT/USDC PERP	0.1839	0.5000	pay 0.0625% / 1h	53m 29s	$12K	$9K	5.5x
Short	Gate CASHCAT_USDT	0.1759	0.0100	get 0.0050% / 4h	53m 29s	$1.5M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −4.367%Rate

Funding earned: −$1,029
Price spread: −4.367% → 0.000%: −$436.65
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,480.67
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Gate: 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 Injective no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	5.42 bp	68.5 bp −$68	405.5 bp −$4,055	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
Hyperliquid CASHCAT	+0.0100%	1h	0.1761	−4.228%	$49.7M	$18.4M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1764	−4.078%	$1.1M	$10.7M	20x	as long as short
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1759	−4.367%	$1.5M	$1.9M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1759	−4.339%	$595K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1756	−4.504%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1753	−4.698%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1760	−4.271%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1761	−4.231%	$528	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1756	−4.530%	$19K	$396K	10x	as long as short
BingX CASHCAT-USDT	+0.0222%	4h	0.1763	−4.133%	—	$1.0M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CASHCAT_USDT	+0.0232%	4h	0.1763	−4.154%	$8.7M	$460K	20x	as long as short
Bybit CASHCATUSDT	+0.0234%	4h	0.1763	−4.127%	$13.2M	$18.2M	10x	as long as short
edgeX CASHCATUSDC	+0.0238%	4h	0.1760	−4.269%	$53K	$171K	5x	as long as short
Nado CASHCAT-PERP	+0.0317%	1h	0.1758	−4.380%	$248K	$155K	5x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1763	−4.133%	$50K	$496K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0365%	1h	0.1761	−4.220%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1760	−4.306%	$96K	$464K	5x	as long as short
Lighter CASHCAT	+0.0976%	1h	0.1762	−4.176%	$1.3M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.1256%	1h	0.1762	−4.176%	$341K	$812K	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1758	−4.409%	$121K	$214K	5x	as long as short
Aster CASHCATUSDT	+0.3180%	1h	0.1761	−4.263%	$578K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERPlong	+0.5000%	1h	0.1839	long leg	$12K	$9K	5.5x