Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0889%/8h= +97.3% APRpaid last 24h +0.061%

Price spread now: edgeX against Hyperliquid+0.465%66s7-day average +0.208% · you sell dearer than you buy

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

Long on Hyperliquid Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.575%+$58 · spread now +0.465%, 7d avg +0.208%

Together, before fees+0.579%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board+$58 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and edgeX is 0.256% dearer against Hyperliquid than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.208%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% 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	Hyperliquid CASHCAT	0.1669	0.0100	pay 0.0013% / 1h	8m 13s	$46.0M	$20.5M	3x
Short	edgeX CASHCATUSDC	0.1677	0.0989	get 0.0494% / 4h	8m 13s	$51K	$168K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.465%Rate

Funding earned: $186.6
Price spread: +0.465% → +0.208%: $25.63
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $194.23
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 5 min ago; edgeX: live order book, 28 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, 5 min ago	1.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 28 min ago	5.75 bp	153.2 bp −$153	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	0.1673	+0.228%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1673	+0.228%	$350K	$975K	3x	as long as short
Hyperliquid CASHCATlong	+0.0100%	1h	0.1669	long leg	$46.0M	$20.5M	3x
Bybit CASHCATUSDT	+0.0100%	4h	0.1675	+0.377%	$12.5M	$19.2M	10x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1675	+0.374%	$103K	$316K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1668	−0.030%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1673	+0.234%	$8.4M	$541K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1670	+0.078%	$597K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1676	+0.449%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1680	+0.683%	$76K	$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	0.1669	−0.023%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1681	+0.698%	$22K	$259K	10x	as long as short
SoDEX CASHCAT-USD	+0.0261%	1h	0.1670	+0.066%	$501	$1K	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1669	+0.019%	$239K	$887K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0570%	1h	0.1669	−0.006%	$66K	$1.4M	3x	as long as short
BingX CASHCAT-USDT	+0.0630%	4h	0.1675	+0.359%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0648%	4h	0.1675	+0.359%	$1.4M	$12.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.0901%	4h	0.1681	+0.719%	$52K	$585K	20x	as long as short
edgeX CASHCATUSDCshort	+0.0989%	4h	0.1677	+0.465%	$51K	$168K	5x
Nado CASHCAT-PERP	+0.1454%	1h	0.1664	−0.300%	$246K	$206K	5x	as long as short
Aster CASHCATUSDT	+0.3640%	1h	0.1675	+0.364%	$560K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1749	+4.793%	$9K	$18K	5.5x	as long as short