Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.083%

Price spread now: HTX against Polymarket Perps+0.621%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$683as in the Funding arb table

Net, price: spread back to 7d avg − costs−$568as in the Price arb table

costs, in and out, $10k−$6306.296% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.530%−$53 on $10k

Price spread, last 3 days (all we have)−0.611%−$61 · spread now +0.621%, 7d avg +0.002%

Together, before fees−1.141%−$114 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: HTX is 0.619% dearer against Polymarket Perps than usual: you sell high and buy low, +$62 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	Polymarket Perps CASHCAT-USD	0.1672	0.0100	pay 0.0013% / 1h	42m 33s	$68K	$1.3M	3x
Short	HTX CASHCAT-USDT	0.1683	0.0100	get 0.0013% / 1h	42m 33s	$18K	$370K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.621%Rate

Funding earned: $0
Price spread: +0.621% → +0.002%: $61.92
Slippage, 4 orders: −$609.61
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$567.69
Costs to cover: 6.296%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; HTX: live order book, 25 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, 1 min ago	8.08 bp	19.2 bp −$19	19.3 bp −$193	doesn't fit	doesn't fit
Sell HTX live order book, 25 min ago	19.89 bp	264.0 bp −$264	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1665	−0.442%	$249K	$189K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1665	−0.429%	$45.6M	$20.5M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1666	−0.407%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1667	−0.317%	$589K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1671	−0.081%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1669	−0.209%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USDlong	+0.0100%	1h	0.1672	long leg	$68K	$1.3M	3x
SunX CASHCAT-USDT	+0.0100%	1h	0.1671	−0.111%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1671	−0.054%	$501	$1K	3x	as long as short
HTX CASHCAT-USDTshort	+0.0100%	1h	0.1683	+0.621%	$18K	$370K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1665	−0.469%	$117K	$479K	5x	as long as short
Lighter RH CASHCAT	+0.0320%	1h	0.1668	−0.275%	$324K	$810K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0391%	4h	0.1668	−0.263%	$1.3M	$10.8M	20x	as long as short
Lighter CASHCAT	+0.0576%	1h	0.1668	−0.257%	$1.2M	$1.7M	3x	as long as short
BloFin CASHCAT-USDT	+0.0642%	4h	0.1672	−0.024%	$51K	$490K	20x	as long as short
BingX CASHCAT-USDT	+0.1280%	4h	0.1668	−0.263%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDT	+0.1352%	4h	0.1668	−0.269%	$8.3M	$493K	20x	as long as short
Bybit CASHCATUSDT	+0.1354%	4h	0.1667	−0.317%	$12.6M	$18.6M	10x	as long as short
Aster CASHCATUSDT	+0.1843%	1h	0.1668	−0.250%	$551K	$1.1M	10x	as long as short
edgeX CASHCATUSDC	+0.2055%	4h	0.1669	−0.229%	$50K	$172K	5x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1668	−0.285%	$115K	$224K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1693	+1.232%	$8K	$12K	5.5x	as long as short