Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: SunX against OKX−0.065%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$324as in the Funding arb table

Net, price: spread back to 7d avg − costs−$325as in the Price arb table

costs, in and out, $10k−$3193.192% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 3 days (all we have)+0.403%+$40 · spread now −0.065%, 7d avg −0.002%

Together, before fees+0.360%+$36 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: SunX is 0.063% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CASHCAT-USDT-SWAP	0.1733	0.0100	pay 0.0050% / 4h	1h 14m	$1.1M	$10.7M	20x
Short	SunX CASHCAT-USDT	0.1732	0.0100	get 0.0013% / 1h	14m 40s	—	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.002%: −$6.28
Slippage, 4 orders: −$301.19
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$325.47
Costs to cover: 3.192%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; SunX: live order book, 2 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	5.77 bp	34.6 bp −$35	99.6 bp −$996	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	83.30 bp	128.7 bp −$129	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 CASHCAT	+0.0096%	1h	0.1734	+0.029%	$1.2M	$2.0M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1731	−0.096%	$48.9M	$18.7M	3x	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0100%	4h	0.1733	long leg	$1.1M	$10.7M	20x
Arcus CASHCAT-USD	+0.0100%	1h	0.1737	+0.229%	$119K	$213K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1730	−0.150%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1731	−0.092%	$586K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1734	+0.039%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1731	−0.104%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDTshort	+0.0100%	1h	0.1732	−0.065%	—	$2.6M	10x
SoDEX CASHCAT-USD	+0.0100%	1h	0.1731	−0.104%	$519	$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	0.1731	−0.110%	$18K	$401K	10x	as long as short
MEXC CASHCAT_USDT	+0.0114%	4h	0.1734	+0.040%	$8.6M	$468K	20x	as long as short
Bybit CASHCATUSDT	+0.0115%	4h	0.1734	+0.029%	$13.0M	$18.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0134%	4h	0.1733	0.000%	—	$1.0M	—	as long as short
Lighter RH CASHCAT	+0.0288%	1h	0.1734	+0.052%	$339K	$823K	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1731	−0.115%	$50K	$485K	20x	as long as short
Nado CASHCAT-PERP	+0.0430%	1h	0.1729	−0.202%	$244K	$157K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1732	−0.059%	$95K	$466K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0505%	1h	0.1733	0.000%	$65K	$1.2M	3x	as long as short
edgeX CASHCATUSDC	+0.0555%	4h	0.1734	+0.085%	$52K	$172K	5x	as long as short
Aster CASHCATUSDT	+0.1902%	1h	0.1733	−0.027%	$566K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1834	+5.828%	$12K	$9K	5.5x	as long as short