Funding arb · Price arb /

CASHCAT

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Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.4900%/8h= +536.5% APRpaid last 24h +1.357%

Price spread now: Injective against Variational Omni+7.930%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$147 a day on $10k at the current rate, and Injective is 7.930% dearer against Variational Omni than usual: you sell high and buy low: +$793 more if the spread goes back to zero (this spread has no 7-day history yet).

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	2h 31m	$1.5M	$1.6M	—
Short	Injective CASHCAT/USDC PERP	0.1862	0.5000	get 0.0625% / 1h	31m 01s	$12K	$9K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +7.930%Rate

Funding earned: $1,029
Price spread: +7.930% → 0.000%: $793.02
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,822
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Injective: no order-book sample. 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, 3 min ago	5.81 bp	doesn't fit	133.7 bp −$1,337	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1717	−0.457%	$1.2M	$2.0M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1717	−0.463%	$335K	$803K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1717	−0.469%	$48.7M	$18.8M	3x	as long as short
Aster CASHCATUSDT	+0.0100%	1h	0.1720	−0.324%	$566K	$1.2M	10x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1719	−0.336%	$13.0M	$18.5M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1717	−0.475%	$1.0M	$10.7M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1720	−0.287%	$101K	$184K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1714	−0.666%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1717	−0.492%	$8.6M	$484K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1716	−0.515%	$577K	$2.4M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CASHCAT-USDT	+0.0100%	4h	0.1718	−0.417%	—	$1.0M	—	as long as short
Variational Omni CASHCATlong	+0.0100%	4h	0.1725	long leg	$1.5M	$1.6M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1723	−0.127%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1724	−0.049%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1715	−0.608%	$514	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1725	−0.002%	$18K	$419K	10x	as long as short
Polymarket Perps CASHCAT-USD	+0.0101%	1h	0.1718	−0.434%	$68K	$1.2M	3x	as long as short
edgeX CASHCATUSDC	+0.0277%	4h	0.1724	−0.074%	$52K	$172K	5x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1723	−0.127%	$50K	$486K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1716	−0.558%	$90K	$473K	5x	as long as short
Nado CASHCAT-PERP	+0.0685%	1h	0.1715	−0.579%	$241K	$158K	5x	as long as short
Injective CASHCAT/USDC PERPshort	+0.5000%	1h	0.1862	+7.930%	$12K	$9K	5.5x