Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0698%/8h= +76.4% APRpaid last 24h +0.002%

Price spread now: BingX against HTX+0.299%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$588as in the Funding arb table

Net, price: spread back to 7d avg − costs−$571as in the Price arb table

costs, in and out, $10k−$6046.037% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 3 days (all we have)−0.426%−$43 · spread now +0.299%, 7d avg −0.030%

Together, before fees−0.269%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and BingX is 0.329% dearer against HTX than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of −0.030%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.157% in total (about 8.2% 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	HTX CASHCAT-USDT	0.1688	0.0100	pay 0.0013% / 1h	4m 06s	$18K	$372K	10x
Short	BingX CASHCAT-USDT	0.1693	0.0798	get 0.0399% / 4h	3h 04m	—	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against HTX. 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 HTXbpFee BingXbpOrdersPrice spread, now +0.299%Rate

Funding earned: $146.58
Price spread: +0.299% → −0.030%: $32.94
Slippage, 4 orders: −$581.66
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$424.14
Costs to cover: 6.037%
Break-even: 27.3 days

Slippage from HTX: live order book, 4 min ago; BingX: live order book, 10 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 HTX live order book, 4 min ago	19.89 bp	275.7 bp −$276	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	8.83 bp	25.4 bp −$25	86.9 bp −$869	521.2 bp −$52.1K	948.9 bp −$474.4K

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	+0.400%	$329K	$848K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1694	+0.358%	$253K	$188K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1690	+0.139%	$46.3M	$20.6M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1691	+0.187%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1692	+0.240%	$597K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1691	+0.207%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1695	+0.441%	$76K	$67K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1695	+0.400%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1694	+0.370%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1694	+0.347%	$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-USDTlong	+0.0100%	1h	0.1688	long leg	$18K	$372K	10x
Extended CASHCAT-USD	+0.0104%	1h	0.1695	+0.394%	$118K	$479K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0391%	4h	0.1691	+0.181%	$1.3M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0626%	4h	0.1694	+0.358%	$51K	$503K	20x	as long as short
BingX CASHCAT-USDTshort	+0.0798%	4h	0.1693	+0.299%	—	$1.0M	—
Lighter CASHCAT	+0.0840%	1h	0.1695	+0.435%	$1.2M	$1.9M	3x	as long as short
MEXC CASHCAT_USDT	+0.0862%	4h	0.1693	+0.293%	$8.5M	$497K	20x	as long as short
Bybit CASHCATUSDT	+0.0929%	4h	0.1693	+0.287%	$12.9M	$18.6M	10x	as long as short
edgeX CASHCATUSDC	+0.1100%	4h	0.1697	+0.550%	$51K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.2574%	1h	0.1691	+0.204%	$559K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1695	+0.427%	$117K	$220K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1722	+2.017%	$9K	$12K	5.5x	as long as short