Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: BingX against Variational Omni−0.251%7-day average −0.225% · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.107%+$11 on $10k

Price spread, last 7 days+0.202%+$20 · spread now −0.251%, 7d avg −0.225%

Together, before fees+0.309%+ Points / potential airdropVariational Omni: Active · farm board+$31 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: BingX is 0.026% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.225%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CASHCAT	0.1754	0.0100	pay 0.0050% / 4h	1h 37m	$1.5M	$1.7M	—
Short	BingX CASHCAT-USDT	0.1750	0.0100	get 0.0050% / 4h	1h 37m	—	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.251%Rate

Funding earned: $0
Price spread: −0.251% → −0.225%: −$2.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$12.59
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; BingX: 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 Variational Omni RFQ quote, 1 min ago	8.55 bp	doesn't fit	122.6 bp −$1,226	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	8.56 bp	29.3 bp −$29	84.7 bp −$847	472.9 bp −$47.3K	934.0 bp −$467.0K

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	0.1751	−0.222%	$1.3M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1749	−0.308%	$49.5M	$18.7M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1751	−0.199%	$13.1M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1750	−0.251%	$1.1M	$11.0M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1748	−0.365%	$102K	$197K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1748	−0.365%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1752	−0.131%	$8.7M	$466K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1746	−0.450%	$590K	$2.4M	10x	as long as short
BingX CASHCAT-USDTshort	+0.0100%	4h	0.1750	−0.251%	—	$1.0M	—
Variational Omni CASHCATlong	+0.0100%	4h	0.1754	long leg	$1.5M	$1.7M	—

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1754	−0.023%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1747	−0.408%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1750	−0.273%	$525	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1759	+0.237%	$19K	$407K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1747	−0.422%	$50K	$504K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1749	−0.330%	$96K	$469K	5x	as long as short
Nado CASHCAT-PERP	+0.0547%	1h	0.1748	−0.365%	$247K	$157K	5x	as long as short
Lighter RH CASHCAT	+0.0552%	1h	0.1751	−0.171%	$339K	$792K	3x	as long as short
Polymarket Perps CASHCAT-USD	+0.0646%	1h	0.1750	−0.245%	$66K	$1.3M	3x	as long as short
edgeX CASHCATUSDC	+0.0965%	4h	0.1754	−0.039%	$52K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.2265%	1h	0.1749	−0.308%	$571K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1835	+4.594%	$12K	$9K	5.5x	as long as short