Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against MEXC+0.677%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$762as in the Funding arb table

Net, price: spread back to 7d avg − costs−$689as in the Price arb table

costs, in and out, $10k−$7547.542% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)+0.239%+$24 · spread now +0.677%, 7d avg +0.030%

Together, before fees+0.163%+$16 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 0.647% dearer against MEXC than usual: you sell high and buy low, +$65 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CASHCAT_USDT	0.1711	0.0100	pay 0.0050% / 4h	3h 19m	$8.7M	$542K	20x
Short	HTX CASHCAT-USDT	0.1723	0.0100	get 0.0013% / 1h	19m 51s	$23K	$241K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now +0.677%Rate

Funding earned: $0
Price spread: +0.677% → +0.030%: $64.71
Slippage, 4 orders: −$722.17
Fee MEXC: 10 bp × 2 orders: −$20
Fee HTX: 6 bp × 2 orders: −$12
Net: −$689.45
Costs to cover: 7.542%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; HTX: live order book, 12 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 MEXC live order book, 3 min ago	2.64 bp	65.2 bp −$65	351.1 bp −$3,511	1052.6 bp −$105.3K	doesn't fit
Sell HTX live order book, 12 min ago	110.68 bp	339.6 bp −$340	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	0.1711	−0.006%	$355K	$946K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1711	−0.029%	$47.0M	$20.2M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1713	+0.105%	$13.1M	$19.2M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1707	−0.263%	$1.5M	$1.8M	20x	as long as short
MEXC CASHCAT_USDTlong	+0.0100%	4h	0.1711	long leg	$8.7M	$542K	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1708	−0.181%	$628K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1726	+0.847%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1696	−0.876%	$77K	$61K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1715	+0.222%	$67K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1713	+0.091%	—	$2.2M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDTshort	+0.0100%	1h	0.1723	+0.677%	$23K	$241K	10x
SoDEX CASHCAT-USD	+0.0252%	1h	0.1712	+0.058%	$514	$1K	3x	as long as short
Lighter CASHCAT	+0.0296%	1h	0.1711	−0.047%	$1.2M	$1.7M	3x	as long as short
BingX CASHCAT-USDT	+0.0476%	4h	0.1709	−0.140%	—	$1.1M	—	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1707	−0.278%	$246K	$876K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0496%	4h	0.1712	+0.035%	$1.4M	$13.0M	20x	as long as short
BloFin CASHCAT-USDT	+0.0734%	4h	0.1722	+0.619%	$53K	$605K	20x	as long as short
edgeX CASHCATUSDC	+0.0970%	4h	0.1702	−0.557%	$51K	$168K	5x	as long as short
Nado CASHCAT-PERP	+0.1452%	1h	0.1710	−0.096%	$254K	$209K	5x	as long as short
Arcus CASHCAT-USD	+0.3849%	1h	0.1713	+0.089%	$106K	$312K	5x	as long as short
Aster CASHCATUSDT	+0.4065%	1h	0.1711	−0.053%	$556K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1712	+0.035%	$8K	$18K	5.5x	as long as short