Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0661%/8h= +72.4% APRpaid last 24h 0.000%

Price spread now: Bybit against SunX+0.369%46s7-day average +0.040% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−1.261%−$126 · spread now +0.369%, 7d avg +0.040%

Together, before fees−1.202%−$120 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bybit is 0.329% dearer against SunX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.040%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% 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	0.1631	0.0100	pay 0.0013% / 1h	40m 29s	—	$2.4M	10x
Short	Bybit CASHCATUSDT	0.1637	0.0761	get 0.0381% / 4h	1h 40m	$12.2M	$17.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.369%Rate

Funding earned: $138.83
Price spread: +0.369% → +0.040%: $32.95
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $152.77
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: SunX: live order book, 6 min ago; Bybit: 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 SunX live order book, 6 min ago	83.54 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.53 bp	36.3 bp −$36	123.0 bp −$1,230	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	0.1633	+0.112%	$244K	$185K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1635	+0.253%	$44.6M	$19.3M	3x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1633	+0.116%	$113K	$218K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1633	+0.155%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1634	+0.197%	$556K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1633	+0.107%	$1.2M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1633	+0.099%	$74K	$63K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1636	+0.289%	$66K	$1.2M	3x	as long as short
SunX CASHCAT-USDTlong	+0.0100%	1h	0.1631	long leg	—	$2.4M	10x
SoDEX CASHCAT-USD	+0.0100%	1h	0.1629	−0.109%	$489	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1629	−0.096%	$18K	$349K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1635	+0.242%	$97K	$490K	5x	as long as short
Lighter CASHCAT	+0.0152%	1h	0.1634	+0.191%	$1.2M	$1.6M	3x	as long as short
Aster CASHCATUSDT	+0.0316%	1h	0.1629	−0.103%	$545K	$1.0M	10x	as long as short
Lighter RH CASHCAT	+0.0352%	1h	0.1634	+0.191%	$318K	$822K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0480%	4h	0.1636	+0.314%	$1.4M	$10.4M	20x	as long as short
BloFin CASHCAT-USDT	+0.0714%	4h	0.1631	+0.007%	$52K	$463K	20x	as long as short
Bybit CASHCATUSDTshort	+0.0761%	4h	0.1637	+0.369%	$12.2M	$17.9M	10x
MEXC CASHCAT_USDT	+0.0786%	4h	0.1636	+0.296%	$8.1M	$493K	20x	as long as short
BingX CASHCAT-USDT	+0.0852%	4h	0.1637	+0.375%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.1230%	4h	0.1632	+0.055%	$49K	$169K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1650	+1.172%	$8K	$18K	5.5x	as long as short