Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h −0.103%

Price spread now: Variational Omni against Extended+0.392%7-day average +0.355% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.256%−$26 on $10k

Price spread, last 4 days (all we have)+0.515%+$52 · spread now +0.392%, 7d avg +0.355%

Together, before fees+0.260%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.037% dearer against Extended than usual: you sell high and buy low (spread +0.392% now, against its 7-day average of +0.355%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CASHCAT-USD	0.1643	0.0480	pay 0.0060% / 1h	28m 52s	$106K	$756K	5x
Short	Variational Omni CASHCAT	0.1650	0.0100	get 0.0050% / 4h	1h 28m	$1.1M	$1.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.392%Rate

Funding earned: −$79.8
Price spread: +0.392% → +0.355%: $3.71
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$81.09
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 14 min ago; Variational Omni: RFQ quote, just now. 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 Extended live order book, 14 min ago	18.11 bp	43.2 bp −$43	252.5 bp −$2,525	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	9.09 bp	doesn't fit	112.1 bp −$1,121	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	−0.0312%	1h	0.1644	+0.051%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1647	+0.215%	$341K	$959K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1647	+0.239%	$45.1M	$20.3M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1643	−0.059%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1643	−0.059%	$577K	$2.4M	10x	as long as short
Variational Omni CASHCATshort	+0.0100%	4h	0.1650	+0.392%	$1.1M	$1.8M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1644	+0.020%	$75K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1648	+0.278%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1647	+0.221%	$494	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1647	+0.218%	$20K	$291K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CASHCATUSDT	+0.0260%	4h	0.1644	+0.008%	$12.3M	$19.2M	10x	as long as short
MEXC CASHCAT_USDT	+0.0276%	4h	0.1643	−0.016%	$8.2M	$529K	20x	as long as short
Nado CASHCAT-PERP	+0.0299%	1h	0.1646	+0.124%	$207K	$194K	5x	as long as short
Extended CASHCAT-USDlong	+0.0480%	1h	0.1643	long leg	$106K	$756K	5x
Polymarket Perps CASHCAT-USD	+0.0707%	1h	0.1649	+0.312%	$65K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0952%	4h	0.1641	−0.150%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0974%	4h	0.1642	−0.089%	$1.5M	$12.3M	20x	as long as short
Arcus CASHCAT-USD	+0.0990%	1h	0.1655	+0.690%	$117K	$295K	5x	as long as short
edgeX CASHCATUSDC	+0.1193%	4h	0.1649	+0.339%	$50K	$169K	5x	as long as short
BloFin CASHCAT-USDT	+0.1282%	4h	0.1647	+0.215%	$52K	$565K	20x	as long as short
Aster CASHCATUSDT	+0.1438%	1h	0.1646	+0.171%	$552K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1664	+1.250%	$8K	$19K	5.5x	as long as short