Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.073%

Price spread now: Variational Omni against ApeX Omni−0.492%103s7-day average — · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.492% cheaper against ApeX Omni than usual: you would sell low and buy high, −$49 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 103 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	ApeX Omni CASHCATUSDT	0.1680	0.0100	pay 0.0013% / 1h	15m 50s	$76K	$64K	50x
Short	Variational Omni CASHCAT	0.1672	0.0100	get 0.0050% / 4h	2h 15m	$1.4M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now −0.492%Rate

Funding earned: $0
Price spread: −0.492% → 0.000%: −$49.16
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$59.16
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Variational Omni: RFQ quote, 3 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 3 min ago	5.95 bp	doesn't fit	95.1 bp −$951	doesn't fit	doesn't fit

ApeX Omni: 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 21 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
Nado CASHCAT-PERP	+0.0100%	1h	0.1668	−0.696%	$250K	$191K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1669	−0.661%	$45.7M	$20.0M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1669	−0.655%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1671	−0.548%	$591K	$2.4M	10x	as long as short
Variational Omni CASHCATshort	+0.0100%	4h	0.1672	−0.492%	$1.4M	$1.4M	—
ApeX Omni CASHCATUSDTlong	+0.0100%	1h	0.1680	long leg	$76K	$64K	50x
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1671	−0.548%	$67K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1671	−0.542%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1669	−0.649%	$501	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1670	−0.622%	$18K	$359K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1670	−0.631%	$117K	$472K	5x	as long as short
Lighter RH CASHCAT	+0.0152%	1h	0.1672	−0.500%	$324K	$815K	3x	as long as short
Lighter CASHCAT	+0.0432%	1h	0.1672	−0.512%	$1.2M	$1.7M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0476%	4h	0.1674	−0.369%	$1.3M	$10.7M	20x	as long as short
MEXC CASHCAT_USDT	+0.1076%	4h	0.1673	−0.417%	$8.3M	$499K	20x	as long as short
Bybit CASHCATUSDT	+0.1084%	4h	0.1673	−0.429%	$12.7M	$18.2M	10x	as long as short
BingX CASHCAT-USDT	+0.1116%	4h	0.1673	−0.429%	—	$1.0M	—	as long as short
Aster CASHCATUSDT	+0.1122%	1h	0.1674	−0.352%	$552K	$1.1M	10x	as long as short
edgeX CASHCATUSDC	+0.1781%	4h	0.1680	−0.003%	$50K	$171K	5x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1675	−0.313%	$116K	$218K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+1.357%	$8K	$12K	5.5x	as long as short