Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.4900%/8h= −536.5% APRpaid last 24h −1.344%

Price spread now: OKX against Injective−6.414%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 OKX

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 OKX is 6.414% cheaper against Injective than usual: you would sell low and buy high (−$641 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	0.1824	0.5000	pay 0.0625% / 1h	11m 19s	$12K	$9K	5.5x
Short	OKX CASHCAT-USDT-SWAP	0.1707	0.0100	get 0.0050% / 4h	2h 11m	$1.0M	$10.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −6.414%Rate

Funding earned: −$1,029
Price spread: −6.414% → 0.000%: −$641.45
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,680.47
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	2.92 bp	23.5 bp −$23	71.6 bp −$716	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	0.1706	−6.497%	$1.2M	$2.0M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1706	−6.480%	$330K	$807K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1706	−6.442%	$48.4M	$18.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1709	−6.321%	$12.8M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAPshort	+0.0100%	4h	0.1707	−6.414%	$1.0M	$10.7M	20x
Arcus CASHCAT-USD	+0.0100%	1h	0.1708	−6.361%	$100K	$183K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1703	−6.617%	$1.4M	$2.1M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1706	−6.475%	$8.5M	$493K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1703	−6.612%	$573K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1708	−6.360%	—	$1.0M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CASHCAT	+0.0100%	4h	0.1733	−4.999%	$1.5M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1731	−5.104%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1705	−6.538%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1708	−6.371%	$512	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1714	−6.031%	$18K	$414K	10x	as long as short
Polymarket Perps CASHCAT-USD	+0.0270%	1h	0.1706	−6.442%	$67K	$1.3M	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1707	−6.414%	$50K	$494K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1707	−6.399%	$93K	$477K	5x	as long as short
Nado CASHCAT-PERP	+0.0656%	1h	0.1705	−6.535%	$241K	$158K	5x	as long as short
Aster CASHCATUSDT	+0.0766%	1h	0.1706	−6.442%	$560K	$1.2M	10x	as long as short
edgeX CASHCATUSDC	+0.0876%	4h	0.1729	−5.213%	$52K	$172K	5x	as long as short
Injective CASHCAT/USDC PERPlong	+0.5000%	1h	0.1824	long leg	$12K	$9K	5.5x