Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: BingX against MEXC−0.018%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$940.940% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 7 days−0.068%−$7 · spread now −0.018%, 7d avg −0.069%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.051% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CASHCAT_USDT	0.1708	0.0100	pay 0.0050% / 4h	2h 10m	$8.5M	$493K	20x
Short	BingX CASHCAT-USDT	0.1708	0.0100	get 0.0050% / 4h	2h 10m	—	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.069%: $5.13
Slippage, 4 orders: −$64.02
Fee MEXC: 10 bp × 2 orders: −$20
Fee BingX: 5 bp × 2 orders: −$10
Net: −$88.89
Costs to cover: 0.940%
Break-even: never at this rate

Slippage from MEXC: live order book, 7 min ago; BingX: live order book, 4 min ago.

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 MEXC live order book, 7 min ago	0.87 bp	19.0 bp −$19	317.6 bp −$3,176	1137.0 bp −$113.7K	doesn't fit
Sell BingX live order book, 4 min ago	8.72 bp	23.0 bp −$23	68.8 bp −$688	398.1 bp −$39.8K	829.4 bp −$414.7K

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	0.1707	−0.076%	$1.2M	$2.0M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1708	+0.006%	$330K	$807K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1708	−0.023%	$48.4M	$19.0M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1707	−0.088%	$12.8M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1708	−0.018%	$1.0M	$10.7M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1709	+0.044%	$100K	$183K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1705	−0.217%	$1.4M	$2.1M	20x	as long as short
MEXC CASHCAT_USDTlong	+0.0100%	4h	0.1708	long leg	$8.5M	$493K	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1704	−0.228%	$573K	$2.4M	10x	as long as short
BingX CASHCAT-USDTshort	+0.0100%	4h	0.1708	−0.018%	—	$1.0M	—

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	+1.435%	$1.5M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1731	+1.323%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1705	−0.208%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1708	−0.029%	$512	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1714	+0.334%	$18K	$414K	10x	as long as short
Polymarket Perps CASHCAT-USD	+0.0270%	1h	0.1706	−0.105%	$67K	$1.3M	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1707	−0.076%	$50K	$494K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1708	−0.031%	$93K	$477K	5x	as long as short
Nado CASHCAT-PERP	+0.0642%	1h	0.1706	−0.105%	$241K	$158K	5x	as long as short
Aster CASHCATUSDT	+0.0766%	1h	0.1706	−0.123%	$560K	$1.2M	10x	as long as short
edgeX CASHCATUSDC	+0.0876%	4h	0.1729	+1.207%	$52K	$172K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1824	+6.773%	$12K	$9K	5.5x	as long as short