Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against MEXC−0.232%7-day average +0.171% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.078%−$8 on $10k

Price spread, last 7 days+0.223%+$22 · spread now −0.232%, 7d avg +0.171%

Together, before fees+0.145%+ Points / potential airdropVariational Omni: Active · farm board+$15 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: Variational Omni is 0.404% cheaper against MEXC than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of +0.171%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CASHCAT_USDT	0.1605	0.0100	pay 0.0050% / 4h	3h 52m	$8.0M	$517K	20x
Short	Variational Omni CASHCAT	0.1601	0.0100	get 0.0050% / 4h	3h 52m	$1.0M	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.232%Rate

Funding earned: $0
Price spread: −0.232% → +0.171%: −$40.36
Slippage, 4 orders: no order book: not counted
Fee MEXC: 10 bp × 2 orders: −$20
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$60.36
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; Variational Omni: RFQ quote, 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 MEXC live order book, 5 min ago	2.81 bp	30.6 bp −$31	334.7 bp −$3,347	1161.5 bp −$116.2K	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	9.36 bp	doesn't fit	103.0 bp −$1,030	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 CASHCAT	+0.0032%	1h	0.1602	−0.168%	$1.1M	$1.8M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1605	+0.019%	$12.0M	$18.8M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1605	−0.025%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDTlong	+0.0100%	4h	0.1605	long leg	$8.0M	$517K	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1606	+0.056%	$572K	$2.4M	10x	as long as short
Variational Omni CASHCATshort	+0.0100%	4h	0.1601	−0.232%	$1.0M	$1.7M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1601	−0.262%	$73K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1600	−0.327%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1603	−0.150%	$481	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1597	−0.480%	$18K	$324K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CASHCAT	+0.0175%	1h	0.1605	+0.006%	$43.9M	$19.9M	3x	as long as short
Polymarket Perps CASHCAT-USD	+0.0359%	1h	0.1604	−0.031%	$65K	$1.3M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1604	−0.049%	$98K	$603K	5x	as long as short
Nado CASHCAT-PERP	+0.0610%	1h	0.1602	−0.187%	$216K	$188K	5x	as long as short
Lighter RH CASHCAT	+0.0688%	1h	0.1606	+0.081%	$301K	$865K	3x	as long as short
BingX CASHCAT-USDT	+0.0940%	4h	0.1604	−0.056%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1024%	4h	0.1605	+0.006%	$1.5M	$11.1M	20x	as long as short
BloFin CASHCAT-USDT	+0.1330%	4h	0.1602	−0.181%	$52K	$498K	20x	as long as short
edgeX CASHCATUSDC	+0.1332%	4h	0.1604	−0.061%	$48K	$169K	5x	as long as short
Aster CASHCATUSDT	+0.2325%	1h	0.1601	−0.243%	$535K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1601	−0.217%	$96K	$262K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1615	+0.629%	$8K	$18K	5.5x	as long as short