Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.215%

Price spread now: Arcus against Hyperliquid+0.333%7-day average +0.089% · you sell dearer than you buy

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

Long on Hyperliquid Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.380%+$38 on $10k

Price spread, last 4 days (all we have)−0.599%−$60 · spread now +0.333%, 7d avg +0.089%

Together, before fees−0.218%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 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: Arcus is 0.244% dearer against Hyperliquid than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid CASHCAT	0.1729	0.0100	pay 0.0013% / 1h	13m 18s	$48.9M	$18.7M	3x
Short	Arcus CASHCAT-USD	0.1735	0.0100	get 0.0013% / 1h	13m 18s	$119K	$213K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Hyperliquid. 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 HyperliquidbpFee ArcusbpOrdersPrice spread, now +0.333%Rate

Funding earned: $0
Price spread: +0.333% → +0.089%: $24.35
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $10.85
Costs to cover: 0.135%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 10 min ago; Arcus: live order book, 5 min ago. 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 Hyperliquid live order book, 10 min ago	3.45 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 5 min ago	21.38 bp	40.8 bp −$41	doesn't fit	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	0.1732	+0.162%	$1.2M	$2.0M	3x	as long as short
Hyperliquid CASHCATlong	+0.0100%	1h	0.1729	long leg	$48.9M	$18.7M	3x
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1730	+0.052%	$1.1M	$10.7M	20x	as long as short
Arcus CASHCAT-USDshort	+0.0100%	1h	0.1735	+0.333%	$119K	$213K	5x
Gate CASHCAT_USDT	+0.0100%	4h	0.1728	−0.052%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1730	+0.035%	$586K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1734	+0.265%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1731	+0.121%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1730	+0.040%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1729	+0.023%	$519	$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	0.1731	+0.095%	$18K	$401K	10x	as long as short
Bybit CASHCATUSDT	+0.0113%	4h	0.1732	+0.156%	$12.9M	$18.4M	10x	as long as short
MEXC CASHCAT_USDT	+0.0124%	4h	0.1731	+0.139%	$8.6M	$468K	20x	as long as short
BingX CASHCAT-USDT	+0.0134%	4h	0.1730	+0.052%	—	$1.0M	—	as long as short
Lighter RH CASHCAT	+0.0272%	1h	0.1732	+0.179%	$338K	$823K	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1730	+0.052%	$50K	$486K	20x	as long as short
Nado CASHCAT-PERP	+0.0422%	1h	0.1728	−0.064%	$244K	$157K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1730	+0.070%	$95K	$466K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0501%	1h	0.1731	+0.081%	$65K	$1.2M	3x	as long as short
edgeX CASHCATUSDC	+0.0555%	4h	0.1734	+0.310%	$52K	$172K	5x	as long as short
Aster CASHCATUSDT	+0.1903%	1h	0.1731	+0.081%	$565K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1834	+6.067%	$12K	$9K	5.5x	as long as short