Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0530%/8h= +58.0% APRpaid last 24h 0.000%

Price spread now: OKX against HTX−0.041%7-day average −0.022% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$596as in the Price arb table

costs, in and out, $10k−$5945.944% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.738%−$74 · spread now −0.041%, 7d avg −0.022%

Together, before fees−0.673%−$67 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% 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	0.1601	0.0100	pay 0.0013% / 1h	2m 10s	$18K	$340K	10x
Short	OKX CASHCAT-USDT-SWAP	0.1600	0.0630	get 0.0315% / 4h	1h 02m	$1.3M	$10.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $111.23
Price spread: −0.041% → −0.022%: −$1.93
Slippage, 4 orders: −$572.44
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$485.14
Costs to cover: 5.944%
Break-even: 37.5 days

Slippage from HTX: live order book, 61 min ago; OKX: live order book, 6 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, 61 min ago	92.60 bp	265.3 bp −$265	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	3.15 bp	33.3 bp −$33	94.2 bp −$942	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1589	−0.728%	$217K	$201K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1596	−0.260%	$43.7M	$19.8M	3x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1595	−0.370%	$96K	$239K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1593	−0.485%	$1.3M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1595	−0.379%	$543K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1582	−1.176%	$1.2M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1589	−0.716%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1596	−0.320%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1593	−0.460%	$478	$1K	3x	as long as short
HTX CASHCAT-USDTlong	+0.0100%	1h	0.1601	long leg	$18K	$340K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CASHCAT	+0.0120%	1h	0.1595	−0.385%	$312K	$840K	3x	as long as short
Polymarket Perps CASHCAT-USD	+0.0210%	1h	0.1594	−0.416%	$65K	$1.3M	3x	as long as short
MEXC CASHCAT_USDT	+0.0308%	4h	0.1597	−0.229%	$7.9M	$524K	20x	as long as short
Bybit CASHCATUSDT	+0.0313%	4h	0.1600	−0.072%	$12.3M	$18.4M	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1594	−0.428%	$150K	$562K	5x	as long as short
BingX CASHCAT-USDT	+0.0542%	4h	0.1598	−0.166%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAPshort	+0.0630%	4h	0.1600	−0.041%	$1.3M	$10.7M	20x
BloFin CASHCAT-USDT	+0.0835%	4h	0.1589	−0.728%	$52K	$469K	20x	as long as short
edgeX CASHCATUSDC	+0.0910%	4h	0.1588	−0.771%	$48K	$170K	5x	as long as short
Lighter CASHCAT	+0.0920%	1h	0.1596	−0.297%	$1.1M	$1.7M	3x	as long as short
Aster CASHCATUSDT	+0.1980%	1h	0.1598	−0.176%	$530K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1606	+0.334%	$8K	$18K	5.5x	as long as short