Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0395%/8h= −43.3% APRpaid last 24h −0.068%

Price spread now: HTX against OKX−0.149%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$739as in the Funding arb table

Net, price: spread back to 7d avg − costs−$742as in the Price arb table

costs, in and out, $10k−$7257.254% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)+0.928%+$93 · spread now −0.149%, 7d avg +0.019%

Together, before fees+0.796%+$80 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and HTX is 0.168% cheaper against OKX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% 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	OKX CASHCAT-USDT-SWAP	0.1707	0.0495	pay 0.0248% / 4h	3h 19m	$1.4M	$12.9M	20x
Short	HTX CASHCAT-USDT	0.1704	0.0100	get 0.0013% / 1h	19m 12s	$23K	$240K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.149%Rate

Funding earned: −$83
Price spread: −0.149% → +0.019%: −$16.84
Slippage, 4 orders: −$703.36
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$825.2
Costs to cover: 7.254%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; HTX: live order book, 12 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, 4 min ago	5.88 bp	29.6 bp −$30	83.3 bp −$833	doesn't fit	doesn't fit
Sell HTX live order book, 12 min ago	110.68 bp	339.6 bp −$340	doesn't fit	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 RH CASHCAT	+0.0096%	1h	0.1706	−0.047%	$354K	$946K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1707	+0.006%	$46.9M	$20.2M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1709	+0.094%	$13.0M	$19.2M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1707	0.000%	$1.6M	$1.8M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1709	+0.111%	$8.7M	$542K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1704	−0.199%	$626K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1726	+1.107%	$1.1M	$1.8M	—	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1704	−0.205%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1706	−0.055%	—	$2.2M	10x	as long as short
HTX CASHCAT-USDTshort	+0.0100%	1h	0.1704	−0.149%	$23K	$240K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0171%	1h	0.1722	+0.896%	$78K	$61K	50x	as long as short
SoDEX CASHCAT-USD	+0.0250%	1h	0.1705	−0.117%	$512	$1K	3x	as long as short
Lighter CASHCAT	+0.0280%	1h	0.1707	+0.006%	$1.2M	$1.7M	3x	as long as short
BingX CASHCAT-USDT	+0.0476%	4h	0.1709	+0.117%	—	$1.1M	—	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1706	−0.069%	$246K	$876K	5x	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0495%	4h	0.1707	long leg	$1.4M	$12.9M	20x
edgeX CASHCATUSDC	+0.0628%	4h	0.1722	+0.905%	$52K	$168K	5x	as long as short
BloFin CASHCAT-USDT	+0.0736%	4h	0.1711	+0.234%	$53K	$602K	20x	as long as short
Nado CASHCAT-PERP	+0.1478%	1h	0.1704	−0.205%	$253K	$208K	5x	as long as short
Arcus CASHCAT-USD	+0.3849%	1h	0.1713	+0.347%	$106K	$312K	5x	as long as short
Aster CASHCATUSDT	+0.4065%	1h	0.1711	+0.264%	$556K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1735	+1.640%	$8K	$18K	5.5x	as long as short