Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h −0.077%

Price spread now: BingX against Polymarket Perps+0.538%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$870.868% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.373%−$37 on $10k

Price spread, last 3 days (all we have)−0.929%−$93 · spread now +0.538%, 7d avg −0.062%

Together, before fees−1.301%−$130 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.599% dearer against Polymarket Perps than usual: you sell high and buy low: +$60 more if the spread goes back to its 7-day average of −0.062%. Mind the row above: over the last 7 days funding on this pair cost −0.373%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CASHCAT-USD	0.1673	0.0100	pay 0.0013% / 1h	58m 09s	$67K	$1.3M	3x
Short	BingX CASHCAT-USDT	0.1682	0.0134	get 0.0067% / 4h	3h 58m	—	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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 Polymarket PerpsbpFee BingXbpOrdersPrice spread, now +0.538%Rate

Funding earned: $7.14
Price spread: +0.538% → −0.062%: $59.95
Slippage, 4 orders: −$68.78
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$19.69
Costs to cover: 0.868%
Break-even: 26.3 days

Slippage from Polymarket Perps: live order book, 5 min ago; BingX: live order book, 6 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 Polymarket Perps live order book, 5 min ago	4.44 bp	18.7 bp −$19	19.1 bp −$191	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	8.84 bp	29.4 bp −$29	83.8 bp −$838	560.8 bp −$56.1K	1053.6 bp −$526.8K

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
Nado CASHCAT-PERP	+0.0100%	1h	0.1674	+0.033%	$259K	$182K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1678	+0.299%	$46.5M	$20.5M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1684	+0.658%	$1.2M	$10.7M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1677	+0.239%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1679	+0.341%	$8.3M	$474K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1677	+0.257%	$600K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1682	+0.548%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1652	−1.279%	$75K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USDlong	+0.0100%	1h	0.1673	long leg	$67K	$1.3M	3x
SunX CASHCAT-USDT	+0.0100%	1h	0.1671	−0.134%	—	$2.6M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CASHCAT-USD	+0.0100%	1h	0.1677	+0.233%	$503	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1679	+0.331%	$17K	$388K	10x	as long as short
BingX CASHCAT-USDTshort	+0.0134%	4h	0.1682	+0.538%	—	$1.0M	—
Lighter RH CASHCAT	+0.0168%	1h	0.1678	+0.317%	$325K	$839K	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1668	−0.299%	$50K	$493K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1675	+0.109%	$99K	$468K	5x	as long as short
edgeX CASHCATUSDC	+0.0843%	4h	0.1671	−0.148%	$50K	$172K	5x	as long as short
Aster CASHCATUSDT	+0.2189%	1h	0.1666	−0.440%	$549K	$1.1M	10x	as long as short
Lighter CASHCAT	+0.2288%	1h	0.1678	+0.317%	$1.2M	$1.9M	3x	as long as short
Bybit CASHCATUSDT	+0.3318%	4h	0.1684	+0.652%	$12.9M	$18.7M	10x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1663	−0.573%	$115K	$217K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1678	+0.299%	$8K	$12K	5.5x	as long as short