Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: SunX against Hyperliquid+1.263%52s7-day average +0.017% · you sell dearer than you buy

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

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.391%−$39 on $10k

Price spread, last 3 days (all we have)−1.049%−$105 · spread now +1.263%, 7d avg +0.017%

Together, before fees−1.440%+ Points / potential airdropHyperliquid: Season 2 · farm board−$144 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: SunX is 1.246% dearer against Hyperliquid than usual: you sell high and buy low, +$125 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid CASHCAT	0.1673	0.0100	pay 0.0013% / 1h	3m 21s	$45.9M	$20.6M	3x
Short	SunX CASHCAT-USDT	0.1694	0.0100	get 0.0013% / 1h	3m 21s	—	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +1.263%Rate

Funding earned: $0
Price spread: +1.263% → +0.017%: $124.63
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: $107.63
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 10 min ago; SunX: live order book, 4 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	1.48 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	79.81 bp	doesn't fit	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 RH CASHCAT	+0.0096%	1h	0.1687	+0.827%	$328K	$848K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1675	+0.115%	$250K	$188K	5x	as long as short
Hyperliquid CASHCATlong	+0.0100%	1h	0.1673	long leg	$45.9M	$20.6M	3x
Gate CASHCAT_USDT	+0.0100%	4h	0.1672	−0.040%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1673	−0.004%	$590K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1691	+1.098%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1694	+1.239%	$76K	$67K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1676	+0.181%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDTshort	+0.0100%	1h	0.1694	+1.263%	—	$2.5M	10x
SoDEX CASHCAT-USD	+0.0100%	1h	0.1694	+1.239%	$508	$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	0.1688	+0.889%	$18K	$372K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1674	+0.068%	$117K	$479K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0385%	4h	0.1678	+0.295%	$1.3M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0626%	4h	0.1694	+1.251%	$51K	$503K	20x	as long as short
BingX CASHCAT-USDT	+0.0798%	4h	0.1678	+0.295%	—	$1.0M	—	as long as short
Lighter CASHCAT	+0.0816%	1h	0.1687	+0.827%	$1.2M	$1.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0915%	4h	0.1676	+0.175%	$12.8M	$18.6M	10x	as long as short
MEXC CASHCAT_USDT	+0.0928%	4h	0.1677	+0.223%	$8.4M	$497K	20x	as long as short
edgeX CASHCATUSDC	+0.1100%	4h	0.1697	+1.445%	$51K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.2662%	1h	0.1684	+0.626%	$557K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1687	+0.860%	$116K	$220K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1722	+2.925%	$9K	$12K	5.5x	as long as short