Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.187%

Price spread now: Hyperliquid against Nado−0.006%7-day average +0.052% · you buy dearer than you sell

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

Long on Nado Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.260%−$26 on $10k

Price spread, last 4 days (all we have)−1.333%−$133 · spread now −0.006%, 7d avg +0.052%

Together, before fees−1.593%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board−$159 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: Hyperliquid is 0.058% cheaper against Nado than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CASHCAT-PERP	0.1671	0.0100	pay 0.0012% / 1h	26m 55s	$250K	$190K	5x
Short	Hyperliquid CASHCAT	0.1671	0.0100	get 0.0013% / 1h	26m 55s	$45.8M	$20.4M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.006%Rate

Funding earned: $0
Price spread: −0.006% → +0.052%: −$5.83
Slippage, 4 orders: no order book: not counted
Fee Nado: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$14.83
Costs to cover: 0.090%
Break-even: 1523945414477347.5 days

Slippage unknown: Nado: live order book, 41 min ago; Hyperliquid: live order book, 6 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 Nado live order book, 41 min ago	15.31 bp	59.4 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	3.28 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

CASHCAT on 21 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-PERPlong	+0.0100%	1h	0.1671	long leg	$250K	$190K	5x
Hyperliquid CASHCATshort	+0.0100%	1h	0.1671	−0.006%	$45.8M	$20.4M	3x
Gate CASHCAT_USDT	+0.0100%	4h	0.1672	+0.036%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1674	+0.197%	$591K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1686	+0.873%	$1.4M	$1.4M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1671	+0.006%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1673	+0.120%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1671	−0.009%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1671	+0.012%	$501	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1673	+0.113%	$18K	$362K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1671	−0.017%	$117K	$478K	5x	as long as short
Lighter RH CASHCAT	+0.0376%	1h	0.1675	+0.257%	$326K	$813K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0429%	4h	0.1676	+0.299%	$1.3M	$10.8M	20x	as long as short
Lighter CASHCAT	+0.0584%	1h	0.1675	+0.251%	$1.2M	$1.7M	3x	as long as short
BingX CASHCAT-USDT	+0.1152%	4h	0.1675	+0.239%	—	$1.0M	—	as long as short
Bybit CASHCATUSDT	+0.1171%	4h	0.1674	+0.180%	$12.7M	$18.4M	10x	as long as short
MEXC CASHCAT_USDT	+0.1202%	4h	0.1675	+0.227%	$8.3M	$498K	20x	as long as short
edgeX CASHCATUSDC	+0.1278%	4h	0.1677	+0.371%	$50K	$170K	5x	as long as short
Aster CASHCATUSDT	+0.1379%	1h	0.1675	+0.245%	$553K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1679	+0.467%	$116K	$225K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+1.915%	$8K	$12K	5.5x	as long as short