Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Hyperliquid against SoDEX+0.725%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Hyperliquid

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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.725% dearer against SoDEX than usual: you sell high and buy low, +$73 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CASHCAT-USD	0.1558	0.0100	pay 0.0013% / 1h	46m 44s	$467	$1K	3x
Short	Hyperliquid CASHCAT	0.1569	0.0100	get 0.0013% / 1h	46m 44s	$42.9M	$19.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.725%Rate

Funding earned: $0
Price spread: +0.725% → 0.000%: $72.53
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $55.53
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago	0.32 bp	27.3 bp −$27	doesn't fit	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	+0.0064%	1h	0.1569	+0.706%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1573	+0.969%	$304K	$837K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1559	+0.096%	$211K	$203K	5x	as long as short
Hyperliquid CASHCATshort	+0.0100%	1h	0.1569	+0.725%	$42.9M	$19.9M	3x
Gate CASHCAT_USDT	+0.0100%	4h	0.1570	+0.789%	$1.3M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1572	+0.886%	$546K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1573	+0.958%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1570	+0.757%	$71K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1563	+0.339%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USDlong	+0.0100%	1h	0.1558	long leg	$467	$1K	3x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1561	+0.222%	$17K	$338K	10x	as long as short
MEXC CASHCAT_USDT	+0.0356%	4h	0.1573	+0.982%	$7.8M	$515K	20x	as long as short
Bybit CASHCATUSDT	+0.0357%	4h	0.1575	+1.065%	$11.9M	$18.7M	10x	as long as short
Polymarket Perps CASHCAT-USD	+0.0382%	1h	0.1564	+0.379%	$64K	$1.3M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1572	+0.921%	$96K	$614K	5x	as long as short
BingX CASHCAT-USDT	+0.0686%	4h	0.1575	+1.091%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0742%	4h	0.1576	+1.155%	$1.4M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0978%	4h	0.1559	+0.064%	$52K	$480K	20x	as long as short
edgeX CASHCATUSDC	+0.1284%	4h	0.1572	+0.900%	$47K	$170K	5x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1573	+0.978%	$95K	$251K	5x	as long as short
Aster CASHCATUSDT	+0.2773%	1h	0.1567	+0.557%	$519K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1617	+3.787%	$8K	$18K	5.5x	as long as short