Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0442%/8h= +48.4% APRpaid last 24h −0.180%

Price spread now: BingX against Nado+0.566%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$2112.106% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.170%−$17 on $10k

Price spread, last 4 days (all we have)−1.215%−$122 · spread now +0.566%, 7d avg +0.075%

Together, before fees−1.385%+ Points / potential airdropNado: Active · farm board−$138 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and BingX is 0.491% dearer against Nado than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of +0.075%. Mind the row above: over the last 3 days funding on this pair cost −0.170%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CASHCAT-PERP	0.1589	0.0100	pay 0.0012% / 1h	2m 11s	$217K	$201K	5x
Short	BingX CASHCAT-USDT	0.1598	0.0542	get 0.0271% / 4h	1h 02m	—	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Nado. 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 NadobpFee BingXbpOrdersPrice spread, now +0.566%Rate

Funding earned: $92.82
Price spread: +0.566% → +0.075%: $49.11
Slippage, 4 orders: −$200.61
Fee Nado: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$68.68
Costs to cover: 2.106%
Break-even: 12.2 days

Slippage from Nado: live order book, 60 min ago; BingX: live order book, 8 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 Nado live order book, 60 min ago	32.46 bp	80.7 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	6.13 bp	30.3 bp −$30	84.8 bp −$848	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
Nado CASHCAT-PERPlong	+0.0100%	1h	0.1589	long leg	$217K	$201K	5x
Hyperliquid CASHCAT	+0.0100%	1h	0.1596	+0.472%	$43.7M	$19.8M	3x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1595	+0.361%	$96K	$239K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1593	+0.245%	$1.3M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1595	+0.352%	$543K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1582	−0.451%	$1.2M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1589	+0.013%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1596	+0.412%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1593	+0.271%	$478	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1601	+0.734%	$18K	$340K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CASHCAT	+0.0120%	1h	0.1595	+0.346%	$312K	$840K	3x	as long as short
Polymarket Perps CASHCAT-USD	+0.0210%	1h	0.1594	+0.315%	$65K	$1.3M	3x	as long as short
MEXC CASHCAT_USDT	+0.0308%	4h	0.1597	+0.503%	$7.9M	$524K	20x	as long as short
Bybit CASHCATUSDT	+0.0313%	4h	0.1600	+0.661%	$12.3M	$18.4M	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1594	+0.303%	$150K	$562K	5x	as long as short
BingX CASHCAT-USDTshort	+0.0542%	4h	0.1598	+0.566%	—	$1.0M	—
OKX CASHCAT-USDT-SWAP	+0.0630%	4h	0.1600	+0.692%	$1.3M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0835%	4h	0.1589	0.000%	$52K	$469K	20x	as long as short
edgeX CASHCATUSDC	+0.0910%	4h	0.1588	−0.043%	$48K	$170K	5x	as long as short
Lighter CASHCAT	+0.0920%	1h	0.1596	+0.434%	$1.1M	$1.7M	3x	as long as short
Aster CASHCATUSDT	+0.1980%	1h	0.1598	+0.556%	$530K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1606	+1.070%	$8K	$18K	5.5x	as long as short