Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.181%

Price spread now: Variational Omni against Nado+0.463%7-day average +0.363% · you sell dearer than you buy

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.279%−$28 on $10k

Price spread, last 4 days (all we have)+0.345%+$34 · spread now +0.463%, 7d avg +0.363%

Together, before fees+0.065%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board+$7 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 0.100% dearer against Nado than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.363%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CASHCAT-PERP	0.1568	0.0100	pay 0.0012% / 1h	43m 19s	$212K	$203K	5x
Short	Variational Omni CASHCAT	0.1575	0.0100	get 0.0050% / 4h	43m 19s	$1.1M	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.463%Rate

Funding earned: $0
Price spread: +0.463% → +0.363%: $9.97
Slippage, 4 orders: no order book: not counted
Fee Nado: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.97
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Nado: live order book, 14 min ago; Variational Omni: RFQ quote, 1 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, 14 min ago	16.38 bp	57.5 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	9.51 bp	doesn't fit	110.9 bp −$1,109	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	−0.0024%	1h	0.1568	+0.035%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1572	+0.271%	$304K	$837K	3x	as long as short
Nado CASHCAT-PERPlong	+0.0100%	1h	0.1568	long leg	$212K	$203K	5x
Hyperliquid CASHCAT	+0.0100%	1h	0.1570	+0.150%	$42.9M	$20.0M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1571	+0.188%	$1.3M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1572	+0.252%	$547K	$2.4M	10x	as long as short
Variational Omni CASHCATshort	+0.0100%	4h	0.1575	+0.463%	$1.1M	$1.7M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1577	+0.571%	$71K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1571	+0.237%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1570	+0.118%	$471	$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	0.1581	+0.827%	$17K	$337K	10x	as long as short
Bybit CASHCATUSDT	+0.0365%	4h	0.1572	+0.284%	$11.9M	$18.7M	10x	as long as short
MEXC CASHCAT_USDT	+0.0378%	4h	0.1572	+0.277%	$7.8M	$516K	20x	as long as short
edgeX CASHCATUSDC	+0.0421%	4h	0.1563	−0.302%	$47K	$170K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1571	+0.179%	$96K	$614K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0544%	1h	0.1572	+0.239%	$63K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0694%	4h	0.1573	+0.335%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0752%	4h	0.1572	+0.271%	$1.4M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0992%	4h	0.1573	+0.335%	$52K	$484K	20x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1575	+0.472%	$95K	$253K	5x	as long as short
Aster CASHCATUSDT	+0.2804%	1h	0.1571	+0.224%	$521K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1617	+3.141%	$8K	$18K	5.5x	as long as short