Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: Gate against SoDEX−0.128%52s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.128% cheaper against SoDEX than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CASHCAT-USD	0.1725	0.0100	pay 0.0013% / 1h	14m 18s	$517	$1K	3x
Short	Gate CASHCAT_USDT	0.1723	0.0100	get 0.0050% / 4h	2h 14m	$1.5M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SoDEX. 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 SoDEXbpFee GatebpOrdersPrice spread, now −0.128%Rate

Funding earned: $0
Price spread: −0.128% → 0.000%: −$12.76
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.76
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 3 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	6.65 bp	67.7 bp −$68	405.7 bp −$4,057	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1728	+0.197%	$1.2M	$2.0M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1728	+0.197%	$334K	$806K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1723	−0.115%	$48.9M	$18.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1725	−0.006%	$13.0M	$18.5M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1724	−0.046%	$1.1M	$10.8M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1725	+0.017%	$101K	$183K	5x	as long as short
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1723	−0.128%	$1.5M	$2.1M	20x
MEXC CASHCAT_USDT	+0.0100%	4h	0.1726	+0.099%	$8.6M	$487K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1722	−0.133%	$579K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1724	−0.046%	—	$1.0M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CASHCAT	+0.0100%	4h	0.1733	+0.465%	$1.5M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1735	+0.580%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1727	+0.139%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USDlong	+0.0100%	1h	0.1725	long leg	$517	$1K	3x
HTX CASHCAT-USDT	+0.0100%	1h	0.1735	+0.577%	$18K	$415K	10x	as long as short
Polymarket Perps CASHCAT-USD	+0.0268%	1h	0.1725	0.000%	$68K	$1.2M	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1726	+0.070%	$50K	$487K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1725	−0.003%	$91K	$473K	5x	as long as short
edgeX CASHCATUSDC	+0.0512%	4h	0.1734	+0.505%	$52K	$172K	5x	as long as short
Nado CASHCAT-PERP	+0.0648%	1h	0.1722	−0.162%	$242K	$158K	5x	as long as short
Aster CASHCATUSDT	+0.0840%	1h	0.1724	−0.033%	$566K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1824	+5.751%	$12K	$9K	5.5x	as long as short