Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.190%

Price spread now: Gate against Nado+0.018%7-day average −0.052% · 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−$241as in the Price arb table

costs, in and out, $10k−$2482.475% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.290%−$29 on $10k

Price spread, last 4 days (all we have)−1.539%−$154 · spread now +0.018%, 7d avg −0.052%

Together, before fees−1.829%+ Points / potential airdropNado: Active · farm board−$183 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: Gate is 0.070% dearer against Nado than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CASHCAT-PERP	0.1668	0.0100	pay 0.0012% / 1h	16m 00s	$250K	$191K	5x
Short	Gate CASHCAT_USDT	0.1669	0.0100	get 0.0050% / 4h	2h 16m	$1.4M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → −0.052%: $6.97
Slippage, 4 orders: −$232.54
Fee Nado: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$240.57
Costs to cover: 2.475%
Break-even: 4018819924677042.5 days

Slippage from Nado: live order book, 52 min ago; Gate: live order book, 2 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, 52 min ago	15.31 bp	59.4 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	7.77 bp	72.1 bp −$72	339.4 bp −$3,394	doesn't fit	doesn't fit

CASHCAT on 21 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	0.1668	long leg	$250K	$191K	5x
Hyperliquid CASHCAT	+0.0100%	1h	0.1669	+0.036%	$45.7M	$20.0M	3x	as long as short
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1669	+0.018%	$1.4M	$1.9M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1671	+0.180%	$591K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1672	+0.206%	$1.4M	$1.4M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1680	+0.701%	$76K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1671	+0.150%	$67K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1671	+0.155%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1669	+0.048%	$501	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1670	+0.075%	$18K	$359K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1670	+0.078%	$117K	$472K	5x	as long as short
Lighter RH CASHCAT	+0.0152%	1h	0.1672	+0.198%	$324K	$815K	3x	as long as short
Lighter CASHCAT	+0.0432%	1h	0.1672	+0.186%	$1.2M	$1.7M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0476%	4h	0.1673	+0.270%	$1.3M	$10.7M	20x	as long as short
MEXC CASHCAT_USDT	+0.1076%	4h	0.1673	+0.246%	$8.3M	$499K	20x	as long as short
Bybit CASHCATUSDT	+0.1084%	4h	0.1672	+0.228%	$12.7M	$18.2M	10x	as long as short
BingX CASHCAT-USDT	+0.1116%	4h	0.1672	+0.210%	—	$1.0M	—	as long as short
Aster CASHCATUSDT	+0.1122%	1h	0.1675	+0.368%	$552K	$1.1M	10x	as long as short
edgeX CASHCATUSDC	+0.1781%	4h	0.1680	+0.698%	$50K	$171K	5x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1675	+0.386%	$116K	$218K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+2.068%	$8K	$12K	5.5x	as long as short