Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0956%/8h= −104.7% APRpaid last 24h −0.042%

Price spread now: SunX against BingX+0.051%7-day average −0.017% · you sell dearer than you buy

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

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

Price spread, last 4 days (all we have)+0.214%+$21 · spread now +0.051%, 7d avg −0.017%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.068% dearer against BingX than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of −0.017%): +$7 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.176% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.176% in total (about -9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CASHCAT-USDT	0.1641	0.1056	pay 0.0528% / 4h	1h 44m	—	$1.1M	—
Short	SunX CASHCAT-USDT	0.1642	0.0100	get 0.0013% / 1h	44m 02s	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$200.76
Price spread: +0.051% → −0.017%: $6.79
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$211.97
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 1 min ago; SunX: live order book, 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 BingX live order book, 1 min ago	6.09 bp	28.8 bp −$29	75.9 bp −$759	423.3 bp −$42.3K	804.8 bp −$402.4K
Sell SunX live order book, 3 min ago	83.50 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	−0.0384%	1h	0.1640	−0.061%	$1.1M	$1.8M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1642	+0.050%	$44.9M	$20.2M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1641	+0.006%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1638	−0.152%	$575K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1627	−0.828%	$1.0M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1626	−0.902%	$74K	$59K	50x	as long as short
SunX CASHCAT-USDTshort	+0.0100%	1h	0.1642	+0.051%	—	$2.4M	10x
SoDEX CASHCAT-USD	+0.0100%	1h	0.1642	+0.037%	$492	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1629	−0.729%	$19K	$295K	10x	as long as short
Lighter RH CASHCAT	+0.0160%	1h	0.1642	+0.073%	$340K	$954K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado CASHCAT-PERP	+0.0384%	1h	0.1639	−0.122%	$208K	$193K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1642	+0.042%	$104K	$751K	5x	as long as short
Bybit CASHCATUSDT	+0.0505%	4h	0.1641	−0.024%	$12.3M	$19.2M	10x	as long as short
MEXC CASHCAT_USDT	+0.0514%	4h	0.1642	+0.037%	$8.2M	$526K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0802%	1h	0.1642	+0.061%	$63K	$1.3M	3x	as long as short
Arcus CASHCAT-USD	+0.0990%	1h	0.1644	+0.154%	$102K	$280K	5x	as long as short
BingX CASHCAT-USDTlong	+0.1056%	4h	0.1641	long leg	—	$1.1M	—
OKX CASHCAT-USDT-SWAP	+0.1091%	4h	0.1639	−0.122%	$1.5M	$12.2M	20x	as long as short
edgeX CASHCATUSDC	+0.1394%	4h	0.1631	−0.615%	$49K	$169K	5x	as long as short
BloFin CASHCAT-USDT	+0.1426%	4h	0.1628	−0.792%	$52K	$559K	20x	as long as short
Aster CASHCATUSDT	+0.1709%	1h	0.1640	−0.079%	$550K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1659	+1.097%	$8K	$19K	5.5x	as long as short