Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.4250%/8h= −465.4% APRpaid last 24h −1.252%

Price spread now: BloFin against Injective−1.343%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$127 a day on $10k at the current rate, and BloFin is 1.343% cheaper against Injective than usual: you would sell low and buy high (−$134 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CASHCAT/USDC PERP	0.1712	0.5000	pay 0.0625% / 1h	37m 24s	$8K	$18K	5.5x
Short	BloFin CASHCAT-USDT	0.1689	0.0750	get 0.0375% / 4h	3h 37m	$53K	$598K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee BloFinbpOrdersPrice spread, now −1.343%Rate

Funding earned: −$892.48
Price spread: −1.343% → 0.000%: −$134.35
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1,038.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 39 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 39 min ago	8.95 bp	15.3 bp −$15	55.2 bp −$552	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1690	−1.262%	$350K	$944K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1689	−1.367%	$46.5M	$20.6M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1691	−1.250%	$1.5M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1689	−1.373%	$598K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1686	−1.494%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1691	−1.244%	$77K	$60K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1685	−1.577%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1686	−1.510%	—	$2.3M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1725	+0.741%	$23K	$252K	10x	as long as short
MEXC CASHCAT_USDT	+0.0126%	4h	0.1691	−1.209%	$8.6M	$533K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CASHCAT-USD	+0.0128%	1h	0.1692	−1.168%	$508	$1K	3x	as long as short
Bybit CASHCATUSDT	+0.0156%	4h	0.1690	−1.285%	$12.7M	$19.2M	10x	as long as short
edgeX CASHCATUSDC	+0.0304%	4h	0.1691	−1.239%	$51K	$168K	5x	as long as short
Lighter CASHCAT	+0.0472%	1h	0.1690	−1.297%	$1.1M	$1.7M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1690	−1.278%	$242K	$886K	5x	as long as short
BingX CASHCAT-USDT	+0.0522%	4h	0.1688	−1.402%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0540%	4h	0.1688	−1.402%	$1.4M	$12.9M	20x	as long as short
BloFin CASHCAT-USDTshort	+0.0750%	4h	0.1689	−1.343%	$53K	$598K	20x
Nado CASHCAT-PERP	+0.1573%	1h	0.1685	−1.571%	$250K	$204K	5x	as long as short
Arcus CASHCAT-USD	+0.3849%	1h	0.1689	−1.321%	$104K	$313K	5x	as long as short
Aster CASHCATUSDT	+0.4218%	1h	0.1691	−1.224%	$549K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERPlong	+0.5000%	1h	0.1712	long leg	$8K	$18K	5.5x