Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Hyperliquid against Variational Omni+0.122%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 Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 7 days−0.126%−$13 · spread now +0.122%, 7d avg −0.135%

Together, before fees−0.104%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$10 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 0.257% dearer against Variational Omni than usual: you sell high and buy low, +$26 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	0.1725	0.0100	pay 0.0050% / 4h	1h 54m	$1.4M	$1.7M	—
Short	Hyperliquid CASHCAT	0.1727	0.0100	get 0.0013% / 1h	54m 21s	$48.9M	$18.8M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.122%Rate

Funding earned: $0
Price spread: +0.122% → −0.135%: $25.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $16.66
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Hyperliquid: live order book, 9 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, 5 min ago	8.76 bp	doesn't fit	113.9 bp −$1,139	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	1.17 bp	doesn't fit	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	+0.0096%	1h	0.1727	+0.122%	$1.2M	$1.9M	3x	as long as short
Hyperliquid CASHCATshort	+0.0100%	1h	0.1727	+0.122%	$48.9M	$18.8M	3x
Bybit CASHCATUSDT	+0.0100%	4h	0.1727	+0.133%	$12.9M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1726	+0.075%	$1.1M	$10.8M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1719	−0.330%	$101K	$183K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1724	−0.012%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1728	+0.209%	$8.6M	$463K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1724	−0.052%	$585K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1726	+0.075%	—	$1.0M	—	as long as short
Variational Omni CASHCATlong	+0.0100%	4h	0.1725	long leg	$1.4M	$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	0.1719	−0.313%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1723	−0.085%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1725	0.000%	$517	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1715	−0.583%	$18K	$410K	10x	as long as short
Lighter RH CASHCAT	+0.0320%	1h	0.1728	+0.174%	$335K	$784K	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1729	+0.249%	$51K	$502K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1727	+0.159%	$94K	$471K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0702%	1h	0.1727	+0.162%	$68K	$1.3M	3x	as long as short
Nado CASHCAT-PERP	+0.0738%	1h	0.1725	+0.017%	$243K	$158K	5x	as long as short
Aster CASHCATUSDT	+0.0894%	1h	0.1720	−0.259%	$563K	$1.2M	10x	as long as short
edgeX CASHCATUSDC	+0.0899%	4h	0.1714	−0.612%	$51K	$170K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1738	+0.771%	$11K	$9K	5.5x	as long as short