Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.087%

Price spread now: Hyperliquid against Polymarket Perps−0.122%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on Polymarket Perps Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 3 days (all we have)−0.385%−$39 · spread now −0.122%, 7d avg −0.074%

Together, before fees−0.494%+ Points / potential airdropHyperliquid: Season 2 · farm board−$49 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: Hyperliquid is 0.048% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CASHCAT-USD	0.1723	0.0100	pay 0.0013% / 1h	35m 52s	$68K	$1.2M	3x
Short	Hyperliquid CASHCAT	0.1721	0.0100	get 0.0013% / 1h	35m 52s	$48.8M	$18.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpOrdersPrice spread, now −0.122%Rate

Funding earned: $0
Price spread: −0.122% → −0.074%: −$4.75
Slippage, 4 orders: −$55.77
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$77.53
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Hyperliquid: live order book, 8 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, 2 min ago	3.20 bp	17.8 bp −$18	18.2 bp −$182	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	4.89 bp	15.6 bp −$16	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
Aster CASHCATUSDT	+0.0061%	1h	0.1721	−0.123%	$567K	$1.3M	10x	as long as short
Gate CASHCAT_USDT	+0.0092%	4h	0.1719	−0.203%	$1.5M	$2.0M	20x	as long as short
Lighter CASHCAT	+0.0096%	1h	0.1721	−0.070%	$1.2M	$2.0M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1722	−0.029%	$336K	$800K	3x	as long as short
Hyperliquid CASHCATshort	+0.0100%	1h	0.1721	−0.122%	$48.8M	$18.8M	3x
Bybit CASHCATUSDT	+0.0100%	4h	0.1724	+0.058%	$13.0M	$18.5M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1721	−0.099%	$1.0M	$10.7M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1720	−0.164%	$101K	$184K	5x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1723	+0.029%	$8.6M	$484K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1720	−0.163%	$578K	$2.4M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CASHCAT-USDT	+0.0100%	4h	0.1722	−0.041%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1727	+0.238%	$1.5M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1726	+0.215%	$78K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USDlong	+0.0100%	1h	0.1723	long leg	$68K	$1.2M	3x
SunX CASHCAT-USDT	+0.0100%	1h	0.1722	−0.030%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1720	−0.145%	$516	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1721	−0.093%	$18K	$420K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1728	+0.308%	$50K	$492K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1720	−0.130%	$89K	$472K	5x	as long as short
edgeX CASHCATUSDC	+0.0496%	4h	0.1725	+0.162%	$52K	$171K	5x	as long as short
Nado CASHCAT-PERP	+0.0613%	1h	0.1721	−0.099%	$242K	$158K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1862	+8.086%	$12K	$9K	5.5x	as long as short