Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.3877%/8h= +424.5% APRpaid last 24h +1.339%

Price spread now: Injective against OKX+1.186%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$116 a day on $10k at the current rate, and Injective is 1.186% dearer against OKX than usual: you sell high and buy low: +$119 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CASHCAT-USDT-SWAP	0.1602	0.1123	pay 0.0562% / 4h	2h 13m	$1.4M	$11.7M	20x
Short	Injective CASHCAT/USDC PERP	0.1621	0.5000	get 0.0625% / 1h	13m 15s	$8K	$19K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.186%Rate

Funding earned: $814.15
Price spread: +1.186% → 0.000%: $118.6
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $922.73
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 5 min ago; Injective: no order-book sample. 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 OKX live order book, 5 min ago	6.22 bp	26.0 bp −$26	83.3 bp −$833	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0480%	1h	0.1594	−0.474%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1595	−0.406%	$348K	$952K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1594	−0.506%	$43.6M	$20.1M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1593	−0.543%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1594	−0.474%	$564K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1595	−0.432%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1597	−0.325%	$72K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1594	−0.506%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1595	−0.468%	$478	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1595	−0.462%	$19K	$302K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado CASHCAT-PERP	+0.0102%	1h	0.1592	−0.630%	$204K	$192K	5x	as long as short
Aster CASHCATUSDT	+0.0303%	1h	0.1595	−0.424%	$536K	$1.1M	10x	as long as short
MEXC CASHCAT_USDT	+0.0454%	4h	0.1598	−0.262%	$7.9M	$524K	20x	as long as short
Bybit CASHCATUSDT	+0.0478%	4h	0.1600	−0.131%	$12.0M	$19.0M	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1594	−0.485%	$100K	$748K	5x	as long as short
edgeX CASHCATUSDC	+0.0542%	4h	0.1594	−0.485%	$48K	$170K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0651%	1h	0.1594	−0.487%	$64K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.1048%	4h	0.1598	−0.250%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.1123%	4h	0.1602	long leg	$1.4M	$11.7M	20x
BloFin CASHCAT-USDT	+0.1432%	4h	0.1605	+0.187%	$52K	$544K	20x	as long as short
Arcus CASHCAT-USD	+0.2390%	1h	0.1597	−0.301%	$99K	$275K	5x	as long as short
Injective CASHCAT/USDC PERPshort	+0.5000%	1h	0.1621	+1.186%	$8K	$19K	5.5x