Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.4018%/8h= −440.0% APRpaid last 24h −1.357%

Price spread now: MEXC against Injective−1.996%100s7-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 MEXC

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 −$121 a day on $10k at the current rate, and MEXC is 1.996% cheaper against Injective than usual: you would sell low and buy high (−$200 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 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	0.1703	0.5000	pay 0.0625% / 1h	3m 34s	$8K	$12K	5.5x
Short	MEXC CASHCAT_USDT	0.1669	0.0982	get 0.0491% / 4h	2h 03m	$8.3M	$500K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −1.996%Rate

Funding earned: −$843.78
Price spread: −1.996% → 0.000%: −$199.65
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 10 bp × 2 orders: −$20
Net: −$1,063.45
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; MEXC: 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 MEXC live order book, 4 min ago	2.09 bp	19.7 bp −$20	272.1 bp −$2,721	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 21 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 RH CASHCAT	+0.0096%	1h	0.1669	−2.002%	$325K	$817K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1664	−2.275%	$249K	$189K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1667	−2.120%	$45.6M	$19.1M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1665	−2.208%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1668	−2.079%	$589K	$2.3M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1674	−1.723%	$1.4M	$1.4M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1671	−1.885%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1672	−1.797%	$67K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1672	−1.836%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1671	−1.850%	$501	$1K	3x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1672	−1.844%	$18K	$355K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1666	−2.144%	$117K	$470K	5x	as long as short
Lighter CASHCAT	+0.0216%	1h	0.1668	−2.038%	$1.2M	$1.7M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0457%	4h	0.1665	−2.231%	$1.3M	$10.4M	20x	as long as short
Aster CASHCATUSDT	+0.0862%	1h	0.1671	−1.879%	$551K	$1.0M	10x	as long as short
MEXC CASHCAT_USDTshort	+0.0982%	4h	0.1669	−1.996%	$8.3M	$500K	20x
Bybit CASHCATUSDT	+0.0989%	4h	0.1667	−2.132%	$12.6M	$17.9M	10x	as long as short
BingX CASHCAT-USDT	+0.1008%	4h	0.1669	−1.996%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.1247%	4h	0.1672	−1.810%	$50K	$170K	5x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1671	−1.859%	$116K	$217K	5x	as long as short
Injective CASHCAT/USDC PERPlong	+0.5000%	1h	0.1703	long leg	$8K	$12K	5.5x