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: Variational Omni against Nado+0.421%7-day average +0.358% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.277%−$28 on $10k

Price spread, last 4 days (all we have)+0.201%+$20 · spread now +0.421%, 7d avg +0.358%

Together, before fees−0.076%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$8 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: Variational Omni is 0.063% dearer against Nado than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.358%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado CASHCAT-PERP	0.1660	0.0100	pay 0.0012% / 1h	39m 20s	$248K	$189K	5x
Short	Variational Omni CASHCAT	0.1667	0.0100	get 0.0050% / 4h	2h 39m	$1.4M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.421%Rate

Funding earned: $0
Price spread: +0.421% → +0.358%: $6.33
Slippage, 4 orders: no order book: not counted
Fee Nado: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.33
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Nado: live order book, 28 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

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, 28 min ago	15.31 bp	59.4 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	11.96 bp	doesn't fit	77.8 bp −$778	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	0.1660	long leg	$248K	$189K	5x
Hyperliquid CASHCAT	+0.0100%	1h	0.1660	+0.015%	$45.5M	$20.4M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1657	−0.148%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1659	−0.051%	$586K	$2.4M	10x	as long as short
Variational Omni CASHCATshort	+0.0100%	4h	0.1667	+0.421%	$1.4M	$1.4M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1673	+0.798%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1660	+0.009%	$67K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1660	+0.019%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1661	+0.057%	$498	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1662	+0.155%	$18K	$369K	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	+0.0104%	1h	0.1660	+0.007%	$116K	$479K	5x	as long as short
Lighter RH CASHCAT	+0.0248%	1h	0.1659	−0.027%	$322K	$810K	3x	as long as short
Lighter CASHCAT	+0.0408%	1h	0.1659	−0.027%	$1.2M	$1.7M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0409%	4h	0.1664	+0.250%	$1.3M	$10.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.0642%	4h	0.1672	+0.732%	$51K	$490K	20x	as long as short
Bybit CASHCATUSDT	+0.1239%	4h	0.1662	+0.142%	$12.6M	$18.6M	10x	as long as short
MEXC CASHCAT_USDT	+0.1264%	4h	0.1660	−0.015%	$8.3M	$496K	20x	as long as short
BingX CASHCAT-USDT	+0.1280%	4h	0.1664	+0.250%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.1542%	4h	0.1674	+0.877%	$50K	$170K	5x	as long as short
Aster CASHCATUSDT	+0.1585%	1h	0.1660	+0.003%	$549K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1663	+0.214%	$115K	$224K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1693	+1.997%	$8K	$12K	5.5x	as long as short