Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h −0.202%

Price spread now: Bybit against Nado+0.119%7-day average +0.099% · 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−$193as in the Price arb table

costs, in and out, $10k−$1951.947% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.191%−$19 on $10k

Price spread, last 3 days (all we have)−0.223%−$22 · spread now +0.119%, 7d avg +0.099%

Together, before fees−0.415%+ Points / potential airdropNado: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.020% dearer against Nado than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of +0.099%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 3 days (−0.191% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CASHCAT-PERP	0.1757	0.0252	pay 0.0032% / 1h	39m 17s	$248K	$155K	5x
Short	Bybit CASHCATUSDT	0.1760	0.0205	get 0.0103% / 4h	39m 17s	$13.2M	$18.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Nado. 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 NadobpFee BybitbpOrdersPrice spread, now +0.119%Rate

Funding earned: −$9.86
Price spread: +0.119% → +0.099%: $2
Slippage, 4 orders: −$183.65
Fee Nado: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$202.51
Costs to cover: 1.947%
Break-even: never at this rate

Slippage from Nado: live order book, 38 min ago; Bybit: live order book, 4 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, 38 min ago	17.57 bp	52.3 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.99 bp	40.2 bp −$40	112.0 bp −$1,120	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
Hyperliquid CASHCAT	+0.0100%	1h	0.1760	+0.126%	$49.7M	$18.4M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1758	+0.028%	$1.1M	$10.6M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1757	0.000%	$1.5M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1760	+0.119%	$595K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1764	+0.394%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1761	+0.176%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1760	+0.117%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1759	+0.074%	$528	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1756	−0.077%	$19K	$393K	10x	as long as short
Bybit CASHCATUSDTshort	+0.0205%	4h	0.1760	+0.119%	$13.2M	$18.1M	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CASHCAT_USDT	+0.0216%	4h	0.1760	+0.165%	$8.8M	$465K	20x	as long as short
Nado CASHCAT-PERPlong	+0.0252%	1h	0.1757	long leg	$248K	$155K	5x
BingX CASHCAT-USDT	+0.0268%	4h	0.1758	+0.028%	—	$1.0M	—	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1758	+0.028%	$50K	$497K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0398%	1h	0.1761	+0.199%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1759	+0.086%	$102K	$469K	5x	as long as short
edgeX CASHCATUSDC	+0.0838%	4h	0.1763	+0.326%	$53K	$171K	5x	as long as short
Lighter RH CASHCAT	+0.1096%	1h	0.1761	+0.182%	$336K	$822K	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1761	+0.205%	$121K	$217K	5x	as long as short
Lighter CASHCAT	+0.2000%	1h	0.1760	+0.165%	$1.3M	$1.9M	3x	as long as short
Aster CASHCATUSDT	+0.2999%	1h	0.1757	−0.011%	$577K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1851	+5.320%	$12K	$9K	5.5x	as long as short