Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.4412%/8h= +483.1% APRpaid last 24h +1.383%

Price spread now: Injective against MEXC+1.592%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Injective

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 for this trade now. Funding pays +$132 a day on $10k at the current rate, and Injective is 1.592% dearer against MEXC than usual: you sell high and buy low: +$159 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CASHCAT_USDT	0.1633	0.0588	pay 0.0294% / 4h	1h 57m	$8.2M	$523K	20x
Short	Injective CASHCAT/USDC PERP	0.1659	0.5000	get 0.0625% / 1h	57m 21s	$8K	$19K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.592%Rate

Funding earned: $926.52
Price spread: +1.592% → 0.000%: $159.22
Slippage, 4 orders: no order book: not counted
Fee MEXC: 10 bp × 2 orders: −$20
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,065.72
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: MEXC: live order book, just now; Injective: no order-book sample. 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 MEXC live order book, just now	2.45 bp	32.7 bp −$33	292.2 bp −$2,922	1336.2 bp −$133.6K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	+0.0072%	1h	0.1631	−0.122%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1631	−0.092%	$351K	$939K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1631	−0.145%	$44.6M	$20.2M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1628	−0.276%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1630	−0.165%	$571K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1641	+0.496%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1643	+0.582%	$74K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1633	−0.020%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1637	+0.237%	$19K	$298K	10x	as long as short
SoDEX CASHCAT-USD	+0.0174%	1h	0.1631	−0.098%	$489	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0480%	1h	0.1628	−0.276%	$104K	$751K	5x	as long as short
Bybit CASHCATUSDT	+0.0583%	4h	0.1632	−0.049%	$12.3M	$19.1M	10x	as long as short
MEXC CASHCAT_USDTlong	+0.0588%	4h	0.1633	long leg	$8.2M	$523K	20x
Nado CASHCAT-PERP	+0.0687%	1h	0.1627	−0.340%	$208K	$192K	5x	as long as short
edgeX CASHCATUSDC	+0.0780%	4h	0.1634	+0.046%	$49K	$168K	5x	as long as short
Arcus CASHCAT-USD	+0.0990%	1h	0.1637	+0.238%	$101K	$280K	5x	as long as short
BingX CASHCAT-USDT	+0.1084%	4h	0.1632	−0.061%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1128%	4h	0.1632	−0.061%	$1.5M	$12.1M	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.1157%	1h	0.1631	−0.135%	$63K	$1.3M	3x	as long as short
BloFin CASHCAT-USDT	+0.1449%	4h	0.1629	−0.245%	$52K	$558K	20x	as long as short
Aster CASHCATUSDT	+0.1670%	1h	0.1634	+0.033%	$548K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERPshort	+0.5000%	1h	0.1659	+1.592%	$8K	$19K	5.5x