Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0825%/8h= +90.3% APRpaid last 24h −0.111%

Price spread now: Bybit against Extended−0.148%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$1761.762% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.523%−$52 on $10k

Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.148%, 7d avg +0.056%

Together, before fees−0.369%+ Points / potential airdropExtended: Active · farm board−$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.203% cheaper against Extended than usual: you would sell low and buy high (spread −0.148% now, against its 7-day average of +0.056%). If the spread goes back, that is −$20 on $10k: about 20 hours of funding at the current rate (+$25 a day). Mind the row above: over the last 7 days funding on this pair cost −0.523%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.523% in total (about -27.3% 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	Extended CASHCAT-USD	0.1695	0.0104	pay 0.0013% / 1h	4m 11s	$118K	$479K	5x
Short	Bybit CASHCATUSDT	0.1692	0.0929	get 0.0464% / 4h	3h 04m	$12.9M	$18.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now −0.148%Rate

Funding earned: $173.25
Price spread: −0.148% → +0.056%: −$20.35
Slippage, 4 orders: −$160.17
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$23.27
Costs to cover: 1.762%
Break-even: 7.9 days

Slippage from Extended: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago	21.28 bp	42.9 bp −$43	271.6 bp −$2,716	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.83 bp	41.8 bp −$42	126.9 bp −$1,269	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 RH CASHCAT	+0.0096%	1h	0.1695	+0.006%	$329K	$848K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1694	−0.036%	$253K	$188K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1694	−0.024%	$46.4M	$20.6M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1693	−0.107%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1692	−0.142%	$597K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1691	−0.187%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1695	+0.047%	$76K	$67K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1695	+0.006%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1694	−0.024%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1694	−0.048%	$508	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1688	−0.393%	$18K	$372K	10x	as long as short
Extended CASHCAT-USDlong	+0.0104%	1h	0.1695	long leg	$118K	$479K	5x
OKX CASHCAT-USDT-SWAP	+0.0391%	4h	0.1693	−0.095%	$1.3M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0626%	4h	0.1694	−0.036%	$51K	$503K	20x	as long as short
BingX CASHCAT-USDT	+0.0798%	4h	0.1698	+0.200%	—	$1.0M	—	as long as short
Lighter CASHCAT	+0.0840%	1h	0.1695	+0.041%	$1.2M	$1.9M	3x	as long as short
MEXC CASHCAT_USDT	+0.0862%	4h	0.1696	+0.106%	$8.5M	$497K	20x	as long as short
Bybit CASHCATUSDTshort	+0.0929%	4h	0.1692	−0.148%	$12.9M	$18.6M	10x
edgeX CASHCATUSDC	+0.1100%	4h	0.1697	+0.155%	$51K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.2574%	1h	0.1691	−0.189%	$559K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1695	+0.032%	$117K	$220K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1722	+1.616%	$9K	$12K	5.5x	as long as short