Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit−0.199%7-day average −0.178% · you buy dearer than you sell

Net, funding: paid 7d − costs−$214as in the Funding arb table

Net, price: spread back to 7d avg − costs−$208as in the Price arb table

costs, in and out, $10k−$2062.064% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.199%, 7d avg −0.178%

Together, before fees+0.018%+$2 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: Gate is 0.021% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.178%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CASHCATUSDT	0.1609	0.0100	pay 0.0050% / 4h	3h 45m	$12.0M	$18.8M	10x
Short	Gate CASHCAT_USDT	0.1606	0.0100	get 0.0050% / 4h	3h 45m	$1.4M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BybitbpFee GatebpOrdersPrice spread, now −0.199%Rate

Funding earned: $0
Price spread: −0.199% → −0.178%: −$2.06
Slippage, 4 orders: −$180.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$208.45
Costs to cover: 2.064%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 2 min ago.

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 Bybit live order book, 3 min ago	2.79 bp	35.2 bp −$35	99.8 bp −$998	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.55 bp	65.2 bp −$65	261.9 bp −$2,619	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	0.1607	−0.137%	$1.1M	$1.8M	3x	as long as short
Bybit CASHCATUSDTlong	+0.0100%	4h	0.1609	long leg	$12.0M	$18.8M	10x
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1606	−0.199%	$1.4M	$2.0M	20x
MEXC CASHCAT_USDT	+0.0100%	4h	0.1609	+0.006%	$8.0M	$518K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1607	−0.124%	$558K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1609	−0.011%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1605	−0.224%	$73K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1608	−0.071%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1608	−0.050%	$482	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1607	−0.137%	$18K	$322K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid CASHCAT	+0.0146%	1h	0.1608	−0.031%	$44.0M	$19.9M	3x	as long as short
edgeX CASHCATUSDC	+0.0283%	4h	0.1607	−0.118%	$49K	$170K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1608	−0.030%	$169K	$675K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0561%	1h	0.1608	−0.075%	$66K	$1.3M	3x	as long as short
Nado CASHCAT-PERP	+0.0695%	1h	0.1603	−0.329%	$217K	$188K	5x	as long as short
BingX CASHCAT-USDT	+0.0958%	4h	0.1608	−0.050%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1009%	4h	0.1609	+0.012%	$1.5M	$11.1M	20x	as long as short
Lighter RH CASHCAT	+0.1112%	1h	0.1609	+0.006%	$305K	$874K	3x	as long as short
BloFin CASHCAT-USDT	+0.1310%	4h	0.1606	−0.174%	$52K	$499K	20x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1608	−0.048%	$97K	$264K	5x	as long as short
Aster CASHCATUSDT	+0.3073%	1h	0.1607	−0.106%	$537K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1631	+1.380%	$8K	$18K	5.5x	as long as short