Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.4237%/8h= −464.0% APRpaid last 24h −1.362%

Price spread now: OKX against Injective−2.474%98s7-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 OKX

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 OKX is 2.474% cheaper against Injective than usual: you would sell low and buy high (−$247 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 98 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	Injective CASHCAT/USDC PERP	0.1617	0.5000	pay 0.0625% / 1h	35m 43s	$8K	$18K	5.5x
Short	OKX CASHCAT-USDT-SWAP	0.1577	0.0763	get 0.0381% / 4h	35m 43s	$1.4M	$10.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Injective. 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 InjectivebpFee OKXbpOrdersPrice spread, now −2.474%Rate

Funding earned: −$889.78
Price spread: −2.474% → 0.000%: −$247.37
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,147.17
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	6.36 bp	34.6 bp −$35	94.2 bp −$942	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 CASHCAT	−0.0056%	1h	0.1571	−2.863%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1573	−2.727%	$308K	$842K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1564	−3.268%	$211K	$203K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1574	−2.665%	$43.0M	$19.9M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1570	−2.882%	$1.3M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1572	−2.801%	$552K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1569	−2.998%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1564	−3.302%	$71K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1567	−3.109%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1567	−3.123%	$470	$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	0.1571	−2.854%	$17K	$336K	10x	as long as short
MEXC CASHCAT_USDT	+0.0296%	4h	0.1574	−2.684%	$7.8M	$519K	20x	as long as short
Bybit CASHCATUSDT	+0.0296%	4h	0.1576	−2.511%	$11.9M	$18.7M	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1573	−2.717%	$96K	$614K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0618%	1h	0.1568	−3.018%	$62K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0714%	4h	0.1576	−2.536%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAPshort	+0.0763%	4h	0.1577	−2.474%	$1.4M	$10.8M	20x
edgeX CASHCATUSDC	+0.0859%	4h	0.1569	−2.983%	$47K	$169K	5x	as long as short
BloFin CASHCAT-USDT	+0.0991%	4h	0.1575	−2.597%	$52K	$485K	20x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1577	−2.468%	$98K	$255K	5x	as long as short
Aster CASHCATUSDT	+0.2254%	1h	0.1569	−2.940%	$521K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERPlong	+0.5000%	1h	0.1617	long leg	$8K	$18K	5.5x