Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1112%/8h= −121.8% APRpaid last 24h +0.201%

Price spread now: Nado against MEXC+0.029%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1501.504% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.198%+$20 on $10k

Price spread, last 3 days (all we have)+0.136%+$14 · spread now +0.029%, 7d avg −0.073%

Together, before fees+0.334%+ Points / potential airdropNado: Active · farm board+$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.102% dearer against MEXC than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.073%): +$10 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 7 hours. Mind the row above: over the last 3 days funding on this pair paid +0.198%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.198% in total (about 22.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CASHCAT_USDT	0.1700	0.1212	pay 0.0606% / 4h	3h 27m	$8.5M	$485K	20x
Short	Nado CASHCAT-PERP	0.1700	0.0100	get 0.0012% / 1h	27m 53s	$258K	$186K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.029%Rate

Funding earned: −$233.52
Price spread: +0.029% → −0.073%: $10.2
Slippage, 4 orders: −$130.37
Fee MEXC: 10 bp × 2 orders: −$20
Fee Nado: 0 bp × 2 orders: $0
Net: −$373.69
Costs to cover: 1.504%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Nado: live order book, 45 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, 5 min ago	0.59 bp	22.1 bp −$22	323.5 bp −$3,235	1387.8 bp −$138.8K	doesn't fit
Sell Nado live order book, 45 min ago	17.33 bp	51.2 bp −$51	378.2 bp −$3,782	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
Lighter RH CASHCAT	+0.0096%	1h	0.1701	+0.065%	$331K	$845K	3x	as long as short
Nado CASHCAT-PERPshort	+0.0100%	1h	0.1700	+0.029%	$258K	$186K	5x
Hyperliquid CASHCAT	+0.0100%	1h	0.1698	−0.135%	$46.7M	$20.6M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1697	−0.182%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1698	−0.106%	$601K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1696	−0.239%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1699	−0.053%	$77K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1701	+0.071%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1700	+0.012%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1699	−0.029%	$510	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1702	+0.134%	$18K	$375K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1699	−0.077%	$100K	$464K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0217%	4h	0.1700	0.000%	$1.2M	$10.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.0450%	4h	0.1701	+0.059%	$51K	$511K	20x	as long as short
Lighter CASHCAT	+0.0984%	1h	0.1703	+0.176%	$1.2M	$1.9M	3x	as long as short
Bybit CASHCATUSDT	+0.1130%	4h	0.1701	+0.041%	$13.0M	$18.7M	10x	as long as short
MEXC CASHCAT_USDTlong	+0.1212%	4h	0.1700	long leg	$8.5M	$485K	20x
Aster CASHCATUSDT	+0.1650%	1h	0.1699	−0.088%	$561K	$1.1M	10x	as long as short
BingX CASHCAT-USDT	+0.1778%	4h	0.1700	0.000%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.2247%	4h	0.1697	−0.198%	$51K	$172K	5x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1698	−0.135%	$117K	$219K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1714	+0.824%	$8K	$12K	5.5x	as long as short