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 0.000%

Price spread now: Bybit against Variational Omni+0.256%7-day average −0.135% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.080%+$8 on $10k

Price spread, last 7 days−0.226%−$23 · spread now +0.256%, 7d avg −0.135%

Together, before fees−0.146%+ Points / potential airdropVariational Omni: Active · farm board−$15 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: Bybit is 0.391% dearer against Variational Omni than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CASHCAT	0.1746	0.0100	pay 0.0050% / 4h	1h 43m	$1.5M	$1.7M	—
Short	Bybit CASHCATUSDT	0.1751	0.0100	get 0.0050% / 4h	1h 43m	$13.1M	$18.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.256%Rate

Funding earned: $0
Price spread: +0.256% → −0.135%: $39.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $28.09
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bybit: live order book, just now. 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	116.9 bp −$1,169	doesn't fit	doesn't fit
Sell Bybit live order book, just now	2.86 bp	22.1 bp −$22	108.6 bp −$1,086	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	+0.0096%	1h	0.1750	+0.221%	$1.3M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1750	+0.204%	$49.6M	$18.9M	3x	as long as short
Bybit CASHCATUSDTshort	+0.0100%	4h	0.1751	+0.256%	$13.1M	$18.6M	10x
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1750	+0.204%	$1.1M	$11.0M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1748	+0.073%	$102K	$196K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1750	+0.187%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1751	+0.250%	$8.7M	$464K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1749	+0.147%	$592K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1749	+0.147%	—	$1.0M	—	as long as short
Variational Omni CASHCATlong	+0.0100%	4h	0.1746	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	0.1746	−0.036%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1750	+0.208%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1749	+0.135%	$525	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1751	+0.288%	$19K	$408K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1752	+0.319%	$50K	$505K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1750	+0.178%	$96K	$469K	5x	as long as short
Nado CASHCAT-PERP	+0.0561%	1h	0.1748	+0.070%	$247K	$159K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0707%	1h	0.1750	+0.210%	$66K	$1.3M	3x	as long as short
Lighter RH CASHCAT	+0.0744%	1h	0.1751	+0.250%	$339K	$792K	3x	as long as short
edgeX CASHCATUSDC	+0.0899%	4h	0.1750	+0.193%	$52K	$172K	5x	as long as short
Aster CASHCATUSDT	+0.2078%	1h	0.1749	+0.124%	$572K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1835	+5.071%	$12K	$9K	5.5x	as long as short