Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0823%/8h= +90.1% APRpaid last 24h +0.002%

Price spread now: BingX against SunX−0.682%7-day average +0.012% · you buy dearer than you sell

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

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.682%, 7d avg +0.012%

Together, before fees+0.285%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.695% cheaper against SunX than usual: you would sell low and buy high (spread −0.682% now, against its 7-day average of +0.012%). If the spread goes back, that is −$69 on $10k: about 2.8 days of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.136% in total) that is about 36 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.136% in total (about 7.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CASHCAT-USDT	0.1599	0.0100	pay 0.0013% / 1h	56m 36s	—	$2.4M	10x
Short	BingX CASHCAT-USDT	0.1588	0.0923	get 0.0462% / 4h	3h 56m	—	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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 SunXbpFee BingXbpOrdersPrice spread, now −0.682%Rate

Funding earned: $172.87
Price spread: −0.682% → +0.012%: −$69.46
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $85.42
Costs to cover: 0.180%
Break-even: 3.5 days

Slippage unknown: SunX: live order book, 10 min ago; BingX: live order book, 8 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 SunX live order book, 10 min ago	81.76 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	9.38 bp	21.2 bp −$21	78.6 bp −$786	863.6 bp −$86.4K	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	−0.0240%	1h	0.1584	−0.945%	$1.1M	$1.8M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1587	−0.751%	$43.4M	$19.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1588	−0.695%	$11.9M	$18.8M	10x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1588	−0.670%	$7.9M	$517K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1585	−0.876%	$556K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1594	−0.309%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1593	−0.376%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDTlong	+0.0100%	1h	0.1599	long leg	—	$2.4M	10x
HTX CASHCAT-USDT	+0.0100%	1h	0.1595	−0.228%	$18K	$325K	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1587	−0.731%	$97K	$603K	5x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CASHCATUSDC	+0.0493%	4h	0.1598	−0.065%	$48K	$169K	5x	as long as short
Gate CASHCAT_USDT	+0.0592%	4h	0.1585	−0.870%	$1.4M	$2.0M	20x	as long as short
Lighter RH CASHCAT	+0.0600%	1h	0.1587	−0.776%	$296K	$861K	3x	as long as short
SoDEX CASHCAT-USD	+0.0613%	1h	0.1589	−0.645%	$477	$1K	3x	as long as short
Polymarket Perps CASHCAT-USD	+0.0653%	1h	0.1598	−0.088%	$66K	$1.3M	3x	as long as short
Nado CASHCAT-PERP	+0.0758%	1h	0.1597	−0.119%	$216K	$187K	5x	as long as short
BingX CASHCAT-USDTshort	+0.0923%	4h	0.1588	−0.682%	—	$1.0M	—
OKX CASHCAT-USDT-SWAP	+0.0993%	4h	0.1589	−0.620%	$1.4M	$10.9M	20x	as long as short
BloFin CASHCAT-USDT	+0.1305%	4h	0.1598	−0.057%	$52K	$499K	20x	as long as short
Aster CASHCATUSDT	+0.2127%	1h	0.1588	−0.657%	$531K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1590	−0.538%	$96K	$262K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1608	+0.569%	$8K	$18K	5.5x	as long as short