Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: HTX against Hyperliquid+0.476%7-day average +0.065% · you sell dearer than you buy

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

Long on Hyperliquid Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.413%−$41 on $10k

Price spread, last 4 days (all we have)−0.399%−$40 · spread now +0.476%, 7d avg +0.065%

Together, before fees−0.812%+ Points / potential airdropHyperliquid: Season 2 · farm board−$81 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: HTX is 0.411% dearer against Hyperliquid than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid CASHCAT	0.1639	0.0100	pay 0.0013% / 1h	16m 56s	$44.9M	$20.3M	3x
Short	HTX CASHCAT-USDT	0.1647	0.0100	get 0.0013% / 1h	16m 56s	$20K	$287K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.476%Rate

Funding earned: $0
Price spread: +0.476% → +0.065%: $41.07
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: $20.07
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 6 min ago; HTX: live order book, 25 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, 6 min ago	1.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 25 min ago	69.45 bp	140.8 bp −$141	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	−0.0192%	1h	0.1639	−0.006%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1641	+0.079%	$346K	$965K	3x	as long as short
Hyperliquid CASHCATlong	+0.0100%	1h	0.1639	long leg	$44.9M	$20.3M	3x
Gate CASHCAT_USDT	+0.0100%	4h	0.1640	+0.055%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1639	−0.037%	$575K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1644	+0.272%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1646	+0.415%	$75K	$60K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1645	+0.351%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1641	+0.122%	$492	$1K	3x	as long as short
HTX CASHCAT-USDTshort	+0.0100%	1h	0.1647	+0.476%	$20K	$287K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CASHCATUSDT	+0.0160%	4h	0.1640	+0.055%	$12.3M	$19.2M	10x	as long as short
MEXC CASHCAT_USDT	+0.0174%	4h	0.1642	+0.146%	$8.2M	$530K	20x	as long as short
Aster CASHCATUSDT	+0.0272%	1h	0.1642	+0.149%	$550K	$1.1M	10x	as long as short
Nado CASHCAT-PERP	+0.0336%	1h	0.1643	+0.189%	$207K	$192K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1639	−0.049%	$106K	$752K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0705%	1h	0.1646	+0.403%	$66K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0926%	4h	0.1639	−0.024%	—	$1.1M	—	as long as short
Arcus CASHCAT-USD	+0.0990%	1h	0.1650	+0.664%	$118K	$296K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0990%	4h	0.1640	+0.037%	$1.4M	$12.3M	20x	as long as short
edgeX CASHCATUSDC	+0.1133%	4h	0.1650	+0.622%	$50K	$169K	5x	as long as short
BloFin CASHCAT-USDT	+0.1311%	4h	0.1648	+0.525%	$52K	$560K	20x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1664	+1.501%	$8K	$19K	5.5x	as long as short