Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Hyperliquid against SunX+0.132%7-day average −0.018% · you sell dearer than you buy

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

Long on SunX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.391%+$39 on $10k

Price spread, last 4 days (all we have)−0.345%−$35 · spread now +0.132%, 7d avg −0.018%

Together, before fees+0.046%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 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 0.150% dearer against SunX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CASHCAT-USDT	0.1648	0.0100	pay 0.0013% / 1h	52m 42s	—	$2.4M	10x
Short	Hyperliquid CASHCAT	0.1650	0.0100	get 0.0013% / 1h	52m 42s	$45.3M	$20.4M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → −0.018%: $14.96
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$2.04
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; Hyperliquid: live order book, 11 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, 4 min ago	82.24 bp	127.8 bp −$128	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	2.41 bp	16.5 bp −$17	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
Lighter CASHCAT	−0.1032%	1h	0.1644	−0.243%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1649	+0.091%	$351K	$955K	3x	as long as short
Hyperliquid CASHCATshort	+0.0100%	1h	0.1650	+0.132%	$45.3M	$20.4M	3x
Aster CASHCATUSDT	+0.0100%	1h	0.1646	−0.075%	$550K	$1.1M	10x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1652	+0.243%	$12.3M	$19.1M	10x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1651	+0.223%	$118K	$296K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1647	−0.061%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1649	+0.103%	$8.3M	$527K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1646	−0.079%	$580K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1645	−0.149%	$1.1M	$1.8M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1648	+0.024%	$75K	$60K	50x	as long as short
SunX CASHCAT-USDTlong	+0.0100%	1h	0.1648	long leg	—	$2.4M	10x
SoDEX CASHCAT-USD	+0.0100%	1h	0.1646	−0.079%	$494	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1643	−0.306%	$22K	$286K	10x	as long as short
Polymarket Perps CASHCAT-USD	+0.0366%	1h	0.1648	+0.018%	$64K	$1.3M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1647	−0.064%	$206K	$859K	5x	as long as short
BingX CASHCAT-USDT	+0.0850%	4h	0.1649	+0.079%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0858%	4h	0.1648	+0.018%	$1.4M	$12.4M	20x	as long as short
edgeX CASHCATUSDC	+0.1096%	4h	0.1645	−0.143%	$50K	$168K	5x	as long as short
BloFin CASHCAT-USDT	+0.1122%	4h	0.1649	+0.079%	$53K	$563K	20x	as long as short
Nado CASHCAT-PERP	+0.1179%	1h	0.1644	−0.197%	$239K	$213K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1674	+1.596%	$8K	$18K	5.5x	as long as short