Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h +0.101%

Price spread now: Extended against MEXC−0.087%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1231.227% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.526%+$53 on $10k

Price spread, last 4 days (all we have)+0.896%+$90 · spread now −0.087%, 7d avg −0.019%

Together, before fees+1.422%+ Points / potential airdropExtended: Active · farm board+$142 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.068% cheaper against MEXC than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.019%). If the spread goes back, that is −$7 on $10k: about 40 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CASHCAT_USDT	0.1651	0.0342	pay 0.0171% / 4h	1h 12m	$8.2M	$511K	20x
Short	Extended CASHCAT-USD	0.1650	0.0480	get 0.0060% / 1h	12m 18s	$100K	$500K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.087%Rate

Funding earned: $28.98
Price spread: −0.087% → −0.019%: −$6.82
Slippage, 4 orders: −$97.68
Fee MEXC: 10 bp × 2 orders: −$20
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$100.51
Costs to cover: 1.227%
Break-even: 31.3 days

Slippage from MEXC: live order book, 1 min ago; Extended: live order book, 50 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, 1 min ago	3.03 bp	18.8 bp −$19	298.9 bp −$2,989	1422.4 bp −$142.2K	doesn't fit
Sell Extended live order book, 50 min ago	17.50 bp	41.3 bp −$41	249.2 bp −$2,492	doesn't fit	doesn't fit

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
Nado CASHCAT-PERP	+0.0100%	1h	0.1649	−0.145%	$247K	$185K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1650	−0.048%	$44.9M	$19.2M	3x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1650	−0.080%	$114K	$221K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1648	−0.151%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1649	−0.133%	$560K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1649	−0.141%	$1.2M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1646	−0.333%	$75K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1649	−0.111%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1648	−0.164%	$494	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1658	+0.396%	$18K	$342K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CASHCAT-USD	+0.0266%	1h	0.1651	−0.024%	$66K	$1.2M	3x	as long as short
MEXC CASHCAT_USDTlong	+0.0342%	4h	0.1651	long leg	$8.2M	$511K	20x
Bybit CASHCATUSDT	+0.0346%	4h	0.1651	−0.006%	$12.3M	$17.9M	10x	as long as short
Lighter RH CASHCAT	+0.0384%	1h	0.1651	−0.012%	$321K	$828K	3x	as long as short
Extended CASHCAT-USDshort	+0.0480%	1h	0.1650	−0.087%	$100K	$500K	5x
edgeX CASHCATUSDC	+0.0523%	4h	0.1649	−0.143%	$50K	$170K	5x	as long as short
BingX CASHCAT-USDT	+0.0542%	4h	0.1649	−0.121%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0579%	4h	0.1649	−0.121%	$1.3M	$10.6M	20x	as long as short
Lighter CASHCAT	+0.0792%	1h	0.1650	−0.061%	$1.2M	$1.7M	3x	as long as short
BloFin CASHCAT-USDT	+0.0806%	4h	0.1651	0.000%	$52K	$466K	20x	as long as short
Aster CASHCATUSDT	+0.1491%	1h	0.1647	−0.218%	$550K	$1.0M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1676	+1.514%	$8K	$18K	5.5x	as long as short