Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against HTX−0.699%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$493as in the Funding arb table

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

costs, in and out, $10k−$5015.010% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)+0.672%+$67 · spread now −0.699%, 7d avg +0.001%

Together, before fees+0.751%+$75 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: Bybit is 0.699% cheaper against HTX than usual: you would sell low and buy high, −$70 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX CASHCAT-USDT	0.1669	0.0100	pay 0.0013% / 1h	37m 42s	$23K	$278K	10x
Short	Bybit CASHCATUSDT	0.1657	0.0100	get 0.0050% / 4h	37m 42s	$12.4M	$19.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.699%Rate

Funding earned: $0
Price spread: −0.699% → +0.001%: −$69.91
Slippage, 4 orders: −$478.02
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$570.93
Costs to cover: 5.010%
Break-even: never at this rate

Slippage from HTX: live order book, 64 min ago; Bybit: live order book, 1 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, 64 min ago	69.45 bp	287.1 bp −$287	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.41 bp	29.8 bp −$30	95.0 bp −$950	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	0.1655	−0.848%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1656	−0.782%	$354K	$958K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1657	−0.747%	$45.5M	$20.5M	3x	as long as short
Bybit CASHCATUSDTshort	+0.0100%	4h	0.1657	−0.699%	$12.4M	$19.2M	10x
Arcus CASHCAT-USD	+0.0100%	1h	0.1660	−0.538%	$119K	$296K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1656	−0.759%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1657	−0.723%	$8.3M	$528K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1655	−0.818%	$578K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1668	−0.065%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1664	−0.315%	$75K	$60K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CASHCAT-USDT	+0.0100%	1h	0.1659	−0.594%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDTlong	+0.0100%	1h	0.1669	long leg	$23K	$278K	10x
SoDEX CASHCAT-USD	+0.0122%	1h	0.1658	−0.693%	$497	$1K	3x	as long as short
edgeX CASHCATUSDC	+0.0446%	4h	0.1669	−0.024%	$51K	$168K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1657	−0.750%	$208K	$854K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0760%	1h	0.1660	−0.543%	$65K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0786%	4h	0.1656	−0.782%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0790%	4h	0.1655	−0.842%	$1.4M	$12.5M	20x	as long as short
BloFin CASHCAT-USDT	+0.1058%	4h	0.1659	−0.603%	$52K	$566K	20x	as long as short
Aster CASHCATUSDT	+0.1113%	1h	0.1662	−0.452%	$555K	$1.1M	10x	as long as short
Nado CASHCAT-PERP	+0.1436%	1h	0.1656	−0.794%	$245K	$216K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1685	+0.955%	$8K	$18K	5.5x	as long as short