Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0374%/8h= +41.0% APRpaid last 24h −0.098%

Price spread now: BingX against Extended−0.078%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1431.425% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.442%−$44 on $10k

Price spread, last 4 days (all we have)−0.885%−$88 · spread now −0.078%, 7d avg +0.007%

Together, before fees−1.326%+ Points / potential airdropExtended: Active · farm board−$133 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.085% cheaper against Extended than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.007%). If the spread goes back, that is −$9 on $10k: about 18 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 7 days funding on this pair cost −0.442%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CASHCAT-USD	0.1811	0.0480	pay 0.0060% / 1h	30m 46s	$294K	$284K	5x
Short	BingX CASHCAT-USDT	0.1810	0.0854	get 0.0427% / 4h	3h 30m	—	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $78.54
Price spread: −0.078% → +0.007%: −$8.5
Slippage, 4 orders: −$127.54
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$72.5
Costs to cover: 1.425%
Break-even: 13.5 days

Slippage from Extended: live order book, 17 min ago; BingX: live order book, 33 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 Extended live order book, 17 min ago	17.20 bp	42.7 bp −$43	219.7 bp −$2,197	doesn't fit	doesn't fit
Sell BingX live order book, 33 min ago	5.66 bp	28.5 bp −$29	87.1 bp −$871	464.2 bp −$46.4K	918.5 bp −$459.2K

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	0.1811	−0.018%	$51.8M	$18.8M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1811	−0.023%	$1.0M	$11.7M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1815	+0.173%	$106K	$187K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1810	−0.084%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1809	−0.122%	$597K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1803	−0.480%	$1.5M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1812	+0.016%	$82K	$83K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1809	−0.126%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1809	−0.139%	$543	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1814	+0.130%	$19K	$434K	10x	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	+0.0259%	1h	0.1809	−0.134%	$255K	$152K	5x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1819	+0.419%	$50K	$555K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0357%	1h	0.1810	−0.051%	$69K	$1.2M	3x	as long as short
MEXC CASHCAT_USDT	+0.0478%	4h	0.1811	−0.007%	$9.0M	$486K	20x	as long as short
Extended CASHCAT-USDlong	+0.0480%	1h	0.1811	long leg	$294K	$284K	5x
Bybit CASHCATUSDT	+0.0506%	4h	0.1812	+0.032%	$13.7M	$18.6M	10x	as long as short
BingX CASHCAT-USDTshort	+0.0854%	4h	0.1810	−0.078%	—	$1.0M	—
Lighter RH CASHCAT	+0.1144%	1h	0.1811	−0.029%	$347K	$713K	3x	as long as short
edgeX CASHCATUSDC	+0.1575%	4h	0.1810	−0.097%	$54K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.1848%	1h	0.1812	+0.032%	$604K	$1.2M	10x	as long as short
Lighter CASHCAT	+0.1960%	1h	0.1810	−0.067%	$1.3M	$1.9M	3x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1916	+5.773%	$13K	$9K	5.5x	as long as short