Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0393%/8h= −43.0% APRpaid last 24h −0.190%

Price spread now: BingX against Nado+0.170%7-day average +0.061% · 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−$148as in the Price arb table

costs, in and out, $10k−$1591.594% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.160%−$16 on $10k

Price spread, last 3 days (all we have)−0.416%−$42 · spread now +0.170%, 7d avg +0.061%

Together, before fees−0.576%+ Points / potential airdropNado: Active · farm board−$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.109% dearer against Nado than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of +0.061%): +$11 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 3 days (−0.160% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CASHCAT-PERP	0.1735	0.0503	pay 0.0063% / 1h	27m 12s	$245K	$157K	5x
Short	BingX CASHCAT-USDT	0.1738	0.0110	get 0.0055% / 4h	1h 27m	—	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Nado. 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 NadobpFee BingXbpOrdersPrice spread, now +0.170%Rate

Funding earned: −$82.47
Price spread: +0.170% → +0.061%: $10.94
Slippage, 4 orders: −$149.36
Fee Nado: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$230.89
Costs to cover: 1.594%
Break-even: never at this rate

Slippage from Nado: live order book, 55 min ago; BingX: live order book, 3 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 Nado live order book, 55 min ago	21.53 bp	53.7 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.89 bp	22.9 bp −$23	79.5 bp −$795	446.7 bp −$44.7K	944.2 bp −$472.1K

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	0.1737	+0.112%	$1.2M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1737	+0.124%	$49.1M	$18.9M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1738	+0.170%	$1.1M	$10.8M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1739	+0.209%	$119K	$213K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1734	−0.049%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1735	−0.014%	$587K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1731	−0.206%	$1.5M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1736	+0.072%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1736	+0.031%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1736	+0.084%	$521	$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	0.1738	+0.187%	$18K	$405K	10x	as long as short
BingX CASHCAT-USDTshort	+0.0110%	4h	0.1738	+0.170%	—	$1.0M	—
Bybit CASHCATUSDT	+0.0125%	4h	0.1739	+0.251%	$13.0M	$18.6M	10x	as long as short
MEXC CASHCAT_USDT	+0.0130%	4h	0.1738	+0.182%	$8.6M	$467K	20x	as long as short
Lighter RH CASHCAT	+0.0256%	1h	0.1738	+0.170%	$338K	$820K	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1736	+0.055%	$50K	$503K	20x	as long as short
edgeX CASHCATUSDC	+0.0391%	4h	0.1734	−0.087%	$52K	$170K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1736	+0.073%	$95K	$466K	5x	as long as short
Nado CASHCAT-PERPlong	+0.0503%	1h	0.1735	long leg	$245K	$157K	5x
Polymarket Perps CASHCAT-USD	+0.0593%	1h	0.1737	+0.101%	$66K	$1.3M	3x	as long as short
Aster CASHCATUSDT	+0.2433%	1h	0.1734	−0.069%	$566K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1834	+5.703%	$12K	$9K	5.5x	as long as short