Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0277%/8h= −30.3% APRpaid last 24h +0.103%

Price spread now: Extended against OKX−0.028%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1511.514% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.543%+$54 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.028%, 7d avg −0.042%

Together, before fees+0.579%+ Points / potential airdropExtended: Active · farm board+$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.543%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CASHCAT-USDT-SWAP	0.1571	0.0757	pay 0.0378% / 4h	42m 44s	$1.4M	$10.7M	20x
Short	Extended CASHCAT-USD	0.1571	0.0480	get 0.0060% / 1h	42m 44s	$96K	$614K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$58.11
Price spread: −0.028% → −0.042%: $1.48
Slippage, 4 orders: −$136.35
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$207.98
Costs to cover: 1.514%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Extended: live order book, 15 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 OKX live order book, 5 min ago	6.42 bp	29.4 bp −$29	98.4 bp −$984	doesn't fit	doesn't fit
Sell Extended live order book, 15 min ago	19.63 bp	44.2 bp −$44	337.3 bp −$3,373	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	0.1567	−0.267%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1569	−0.134%	$304K	$837K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1568	−0.207%	$212K	$203K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1569	−0.127%	$42.9M	$20.0M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1570	−0.070%	$1.3M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1571	+0.013%	$547K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1575	+0.255%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1577	+0.363%	$71K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1571	+0.030%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1570	−0.089%	$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	+0.618%	$17K	$337K	10x	as long as short
Bybit CASHCATUSDT	+0.0365%	4h	0.1571	−0.006%	$11.9M	$18.7M	10x	as long as short
MEXC CASHCAT_USDT	+0.0378%	4h	0.1572	+0.076%	$7.8M	$516K	20x	as long as short
edgeX CASHCATUSDC	+0.0421%	4h	0.1563	−0.508%	$47K	$170K	5x	as long as short
Extended CASHCAT-USDshort	+0.0480%	1h	0.1571	−0.028%	$96K	$614K	5x
Polymarket Perps CASHCAT-USD	+0.0544%	1h	0.1572	+0.032%	$63K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0694%	4h	0.1571	0.000%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0757%	4h	0.1571	long leg	$1.4M	$10.7M	20x
BloFin CASHCAT-USDT	+0.0992%	4h	0.1573	+0.127%	$52K	$484K	20x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1575	+0.264%	$95K	$253K	5x	as long as short
Aster CASHCATUSDT	+0.2813%	1h	0.1571	−0.009%	$522K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1617	+2.928%	$8K	$18K	5.5x	as long as short