Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: Hyperliquid against KuCoin+0.074%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1701.697% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.372%+$37 on $10k

Price spread, last 7 days−0.099%−$10 · spread now +0.074%, 7d avg +0.099%

Together, before fees+0.274%+ Points / potential airdropHyperliquid: Season 2 · farm board+$27 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: Hyperliquid is 0.025% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CASHCATUSDTM	0.1622	0.0100	pay 0.0050% / 4h	1h 53m	$567K	$2.4M	10x
Short	Hyperliquid CASHCAT	0.1623	0.0100	get 0.0013% / 1h	53m 31s	$44.4M	$20.1M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.099%: −$2.46
Slippage, 4 orders: −$148.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$172.18
Costs to cover: 1.697%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Hyperliquid: live order book, 10 min ago.

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 KuCoin live order book, 3 min ago	6.45 bp	72.2 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.91 bp	9.1 bp −$9	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	+0.0088%	1h	0.1623	+0.012%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1623	+0.037%	$349K	$939K	3x	as long as short
Hyperliquid CASHCATshort	+0.0100%	1h	0.1623	+0.074%	$44.4M	$20.1M	3x
Gate CASHCAT_USDT	+0.0100%	4h	0.1621	−0.080%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1622	long leg	$567K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1627	+0.318%	$1.0M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1633	+0.672%	$74K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1627	+0.277%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1625	+0.154%	$487	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1627	+0.274%	$19K	$297K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0480%	1h	0.1622	+0.007%	$103K	$751K	5x	as long as short
Bybit CASHCATUSDT	+0.0503%	4h	0.1623	+0.074%	$12.2M	$19.1M	10x	as long as short
MEXC CASHCAT_USDT	+0.0526%	4h	0.1624	+0.111%	$8.1M	$525K	20x	as long as short
Nado CASHCAT-PERP	+0.0678%	1h	0.1622	−0.040%	$207K	$192K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0979%	1h	0.1624	+0.123%	$63K	$1.3M	3x	as long as short
Arcus CASHCAT-USD	+0.0990%	1h	0.1631	+0.509%	$101K	$280K	5x	as long as short
BingX CASHCAT-USDT	+0.1064%	4h	0.1623	+0.043%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1106%	4h	0.1623	+0.043%	$1.5M	$12.1M	20x	as long as short
edgeX CASHCATUSDC	+0.1194%	4h	0.1630	+0.472%	$49K	$168K	5x	as long as short
BloFin CASHCAT-USDT	+0.1468%	4h	0.1631	+0.536%	$52K	$559K	20x	as long as short
Aster CASHCATUSDT	+0.1582%	1h	0.1624	+0.126%	$545K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1659	+2.262%	$8K	$19K	5.5x	as long as short