Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0108%/8h= +11.9% APRpaid last 24h +0.202%

Price spread now: Nado against Variational Omni−0.135%57s7-day average −0.342% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.271%+$27 on $10k

Price spread, last 3 days (all we have)−0.398%−$40 · spread now −0.135%, 7d avg −0.342%

Together, before fees−0.127%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.207% dearer against Variational Omni than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.342%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CASHCAT	0.1763	0.0100	pay 0.0050% / 4h	49m 38s	$1.5M	$1.6M	—
Short	Nado CASHCAT-PERP	0.1760	0.0208	get 0.0026% / 1h	49m 38s	$248K	$155K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.135%Rate

Funding earned: $22.77
Price spread: −0.135% → −0.342%: $20.67
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 0 bp × 2 orders: $0
Net: $43.44
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Nado: live order book, 28 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, 4 min ago	8.52 bp	doesn't fit	110.7 bp −$1,107	doesn't fit	doesn't fit
Sell Nado live order book, 28 min ago	17.57 bp	56.6 bp −$57	393.8 bp −$3,938	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
Hyperliquid CASHCAT	+0.0100%	1h	0.1762	−0.078%	$49.7M	$18.4M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1764	+0.064%	$1.1M	$10.7M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1761	−0.129%	$1.5M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1763	+0.001%	$596K	$2.4M	10x	as long as short
Variational Omni CASHCATlong	+0.0100%	4h	0.1763	long leg	$1.5M	$1.6M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1759	−0.203%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1762	−0.028%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1762	−0.056%	$529	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1759	−0.197%	$19K	$395K	10x	as long as short
Nado CASHCAT-PERPshort	+0.0208%	1h	0.1760	−0.135%	$248K	$155K	5x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CASHCAT_USDT	+0.0230%	4h	0.1764	+0.041%	$8.7M	$460K	20x	as long as short
Bybit CASHCATUSDT	+0.0231%	4h	0.1765	+0.120%	$13.2M	$18.1M	10x	as long as short
BingX CASHCAT-USDT	+0.0232%	4h	0.1763	+0.007%	—	$1.0M	—	as long as short
Polymarket Perps CASHCAT-USD	+0.0283%	1h	0.1763	+0.001%	$66K	$1.2M	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1761	−0.107%	$5K	$496K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1762	−0.055%	$96K	$463K	5x	as long as short
edgeX CASHCATUSDC	+0.0761%	4h	0.1763	+0.013%	$53K	$171K	5x	as long as short
Lighter RH CASHCAT	+0.1104%	1h	0.1764	+0.035%	$339K	$815K	3x	as long as short
Lighter CASHCAT	+0.1384%	1h	0.1764	+0.035%	$1.3M	$1.9M	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1759	−0.226%	$121K	$215K	5x	as long as short
Aster CASHCATUSDT	+0.3182%	1h	0.1762	−0.039%	$579K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1838	+4.261%	$12K	$9K	5.5x	as long as short