Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0462%/8h= −50.6% APRpaid last 24h −0.077%

Price spread now: Bybit against Polymarket Perps+0.220%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$830.830% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.452%−$45 on $10k

Price spread, last 7 days−0.135%−$14 · spread now +0.220%, 7d avg +0.043%

Together, before fees−0.587%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.177% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.220% now, against its 7-day average of +0.043%): +$18 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.452% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CASHCAT-USD	0.1593	0.0562	pay 0.0070% / 1h	58m 00s	$66K	$1.3M	3x
Short	Bybit CASHCATUSDT	0.1597	0.0100	get 0.0050% / 4h	3h 58m	$12.0M	$18.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.220%Rate

Funding earned: −$97.07
Price spread: +0.220% → +0.043%: $17.67
Slippage, 4 orders: −$63.99
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$162.39
Costs to cover: 0.830%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Bybit: live order book, 1 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	4.06 bp	14.2 bp −$14	18.2 bp −$182	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.13 bp	31.0 bp −$31	118.1 bp −$1,181	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	−0.0488%	1h	0.1590	−0.195%	$1.1M	$1.8M	3x	as long as short
Bybit CASHCATUSDTshort	+0.0100%	4h	0.1597	+0.220%	$12.0M	$18.7M	10x
Gate CASHCAT_USDT	+0.0100%	4h	0.1593	−0.050%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1595	+0.132%	$7.9M	$517K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1594	+0.031%	$561K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1594	+0.042%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1596	+0.182%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1594	+0.043%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1595	+0.123%	$18K	$325K	10x	as long as short
Hyperliquid CASHCAT	+0.0120%	1h	0.1596	+0.151%	$43.6M	$19.9M	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CASHCAT	+0.0232%	1h	0.1595	+0.094%	$314K	$841K	3x	as long as short
SoDEX CASHCAT-USD	+0.0256%	1h	0.1593	−0.019%	$478	$1K	3x	as long as short
edgeX CASHCATUSDC	+0.0308%	4h	0.1594	+0.033%	$48K	$170K	5x	as long as short
Nado CASHCAT-PERP	+0.0412%	1h	0.1590	−0.176%	$215K	$187K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1594	+0.064%	$97K	$602K	5x	as long as short
Polymarket Perps CASHCAT-USDlong	+0.0562%	1h	0.1593	long leg	$66K	$1.3M	3x
BingX CASHCAT-USDT	+0.0898%	4h	0.1596	+0.169%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1004%	4h	0.1596	+0.169%	$1.5M	$11.0M	20x	as long as short
BloFin CASHCAT-USDT	+0.1273%	4h	0.1597	+0.232%	$52K	$499K	20x	as long as short
Aster CASHCATUSDT	+0.2126%	1h	0.1593	−0.025%	$533K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1596	+0.181%	$96K	$261K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1608	+0.923%	$8K	$18K	5.5x	as long as short