Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0520%/8h= −57.0% APRpaid last 24h −0.042%

Price spread now: SoDEX against OKX−0.203%7-day average — · you buy dearer than you sell

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

Long on OKX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$16 a day on $10k at the current rate, and SoDEX is 0.203% cheaper against OKX than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CASHCAT-USDT-SWAP	0.1678	0.0684	pay 0.0342% / 4h	16m 40s	$1.4M	$12.8M	20x
Short	SoDEX CASHCAT-USD	0.1675	0.0164	get 0.0020% / 1h	16m 40s	$502	$1K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.203%Rate

Funding earned: −$109.26
Price spread: −0.203% → 0.000%: −$20.26
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$147.52
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; SoDEX: 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, 2 min ago	5.97 bp	26.3 bp −$26	74.6 bp −$746	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	+0.0096%	1h	0.1676	−0.101%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1678	−0.030%	$349K	$974K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1677	−0.036%	$46.2M	$20.5M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1679	+0.048%	$12.5M	$19.2M	10x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1670	−0.462%	$103K	$316K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1675	−0.203%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1679	+0.048%	$8.5M	$539K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1677	−0.042%	$606K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1668	−0.616%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1664	−0.810%	$75K	$60K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CASHCAT-USDT	+0.0100%	1h	0.1674	−0.243%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1674	−0.244%	$22K	$263K	10x	as long as short
SoDEX CASHCAT-USDshort	+0.0164%	1h	0.1675	−0.203%	$502	$1K	3x
Extended CASHCAT-USD	+0.0480%	1h	0.1676	−0.112%	$239K	$887K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0542%	1h	0.1674	−0.256%	$66K	$1.4M	3x	as long as short
BingX CASHCAT-USDT	+0.0648%	4h	0.1676	−0.119%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0684%	4h	0.1678	long leg	$1.4M	$12.8M	20x
edgeX CASHCATUSDC	+0.0807%	4h	0.1669	−0.527%	$51K	$168K	5x	as long as short
BloFin CASHCAT-USDT	+0.0920%	4h	0.1677	−0.060%	$53K	$582K	20x	as long as short
Nado CASHCAT-PERP	+0.1362%	1h	0.1671	−0.417%	$247K	$207K	5x	as long as short
Aster CASHCATUSDT	+0.2808%	1h	0.1674	−0.262%	$560K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1749	+4.231%	$9K	$18K	5.5x	as long as short