Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1252%/8h= +137.1% APRpaid last 24h −0.190%

Price spread now: MEXC against Nado+0.078%7-day average +0.076% · 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−$145as in the Price arb table

costs, in and out, $10k−$1451.453% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.199%−$20 on $10k

Price spread, last 4 days (all we have)−1.503%−$150 · spread now +0.078%, 7d avg +0.076%

Together, before fees−1.702%+ Points / potential airdropNado: Active · farm board−$170 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: +$38 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.199%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.199% 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	Nado CASHCAT-PERP	0.1665	0.0100	pay 0.0012% / 1h	42m 01s	$249K	$189K	5x
Short	MEXC CASHCAT_USDT	0.1666	0.1352	get 0.0676% / 4h	2h 42m	$8.3M	$496K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Nado. 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 NadobpFee MEXCbpOrdersPrice spread, now +0.078%Rate

Funding earned: $262.92
Price spread: +0.078% → +0.076%: $0.21
Slippage, 4 orders: −$125.25
Fee Nado: 0 bp × 2 orders: $0
Fee MEXC: 10 bp × 2 orders: −$20
Net: $117.88
Costs to cover: 1.453%
Break-even: 3.9 days

Slippage from Nado: live order book, 26 min ago; MEXC: live order book, 1 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, 26 min ago	15.31 bp	59.4 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	5.70 bp	15.8 bp −$16	230.0 bp −$2,300	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
Nado CASHCAT-PERPlong	+0.0100%	1h	0.1665	long leg	$249K	$189K	5x
Hyperliquid CASHCAT	+0.0100%	1h	0.1665	+0.006%	$45.6M	$20.5M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1663	−0.096%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1665	−0.012%	$589K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1671	+0.363%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1669	+0.234%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1666	+0.048%	$67K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1664	−0.038%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1664	−0.060%	$499	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1670	+0.323%	$18K	$369K	10x	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	+0.0104%	1h	0.1665	−0.009%	$117K	$479K	5x	as long as short
Lighter RH CASHCAT	+0.0320%	1h	0.1666	+0.078%	$324K	$810K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0391%	4h	0.1668	+0.180%	$1.3M	$10.8M	20x	as long as short
Lighter CASHCAT	+0.0512%	1h	0.1666	+0.078%	$1.2M	$1.7M	3x	as long as short
BloFin CASHCAT-USDT	+0.0642%	4h	0.1672	+0.420%	$51K	$490K	20x	as long as short
BingX CASHCAT-USDT	+0.1280%	4h	0.1669	+0.240%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDTshort	+0.1352%	4h	0.1666	+0.078%	$8.3M	$496K	20x
Bybit CASHCATUSDT	+0.1354%	4h	0.1667	+0.144%	$12.6M	$18.6M	10x	as long as short
Aster CASHCATUSDT	+0.1843%	1h	0.1667	+0.090%	$551K	$1.1M	10x	as long as short
edgeX CASHCATUSDC	+0.2055%	4h	0.1669	+0.214%	$50K	$172K	5x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1668	+0.158%	$115K	$224K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1693	+1.682%	$8K	$12K	5.5x	as long as short