Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against Bybit−1.023%7-day average +0.135% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.080%−$8 on $10k

Price spread, last 7 days+0.994%+$99 · spread now −1.023%, 7d avg +0.135%

Together, before fees+0.914%+ Points / potential airdropVariational Omni: Active · farm board+$91 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: Variational Omni is 1.159% cheaper against Bybit than usual: you would sell low and buy high, −$116 on $10k if it goes back to its 7-day average of +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CASHCATUSDT	0.1749	0.0100	pay 0.0050% / 4h	1h 46m	$13.1M	$18.6M	10x
Short	Variational Omni CASHCAT	0.1731	0.0100	get 0.0050% / 4h	1h 46m	$1.4M	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −1.023%Rate

Funding earned: $0
Price spread: −1.023% → +0.135%: −$115.87
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$126.87
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; 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 Bybit live order book, 2 min ago	3.45 bp	45.2 bp −$45	107.2 bp −$1,072	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	11.48 bp	doesn't fit	103.3 bp −$1,033	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	0.1745	−0.194%	$1.3M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1745	−0.189%	$49.4M	$18.9M	3x	as long as short
Bybit CASHCATUSDTlong	+0.0100%	4h	0.1749	long leg	$13.1M	$18.6M	10x
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1747	−0.097%	$1.1M	$11.0M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1741	−0.440%	$102K	$192K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1744	−0.269%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1747	−0.097%	$8.7M	$464K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1745	−0.229%	$590K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1746	−0.154%	—	$1.0M	—	as long as short
Variational Omni CASHCATshort	+0.0100%	4h	0.1731	−1.023%	$1.4M	$1.7M	—

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1743	−0.349%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1744	−0.260%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1745	−0.217%	$523	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1744	−0.283%	$19K	$409K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1743	−0.326%	$50K	$506K	20x	as long as short
edgeX CASHCATUSDC	+0.0363%	4h	0.1734	−0.826%	$52K	$171K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1745	−0.198%	$96K	$469K	5x	as long as short
Nado CASHCAT-PERP	+0.0573%	1h	0.1743	−0.326%	$246K	$159K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0713%	1h	0.1746	−0.166%	$66K	$1.3M	3x	as long as short
Lighter RH CASHCAT	+0.0928%	1h	0.1747	−0.103%	$338K	$791K	3x	as long as short
Aster CASHCATUSDT	+0.2006%	1h	0.1742	−0.406%	$570K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1756	+0.417%	$12K	$9K	5.5x	as long as short