Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0627%/8h= −68.7% APRpaid last 24h +0.059%

Price spread now: Extended against OKX−0.030%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1401.402% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.513%+$51 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.030%, 7d avg −0.044%

Together, before fees+0.584%+ Points / potential airdropExtended: Active · farm board+$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.513%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CASHCAT-USDT-SWAP	0.1622	0.1107	pay 0.0554% / 4h	1h 52m	$1.5M	$12.1M	20x
Short	Extended CASHCAT-USD	0.1622	0.0480	get 0.0060% / 1h	52m 16s	$103K	$751K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$131.76
Price spread: −0.030% → −0.044%: $1.47
Slippage, 4 orders: −$125.16
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$270.45
Costs to cover: 1.402%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Extended: live order book, 56 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 OKX live order book, 6 min ago	3.06 bp	28.5 bp −$29	83.4 bp −$834	doesn't fit	doesn't fit
Sell Extended live order book, 56 min ago	16.28 bp	43.2 bp −$43	230.8 bp −$2,308	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 CASHCAT	+0.0088%	1h	0.1622	−0.012%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1622	+0.012%	$349K	$939K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1621	−0.037%	$44.3M	$20.1M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1621	−0.086%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1622	−0.012%	$566K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1627	+0.337%	$1.0M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1633	+0.691%	$74K	$59K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1623	+0.039%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1622	−0.025%	$486	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1627	+0.293%	$19K	$297K	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-USDshort	+0.0480%	1h	0.1622	−0.030%	$103K	$751K	5x
Bybit CASHCATUSDT	+0.0491%	4h	0.1623	+0.055%	$12.2M	$19.1M	10x	as long as short
MEXC CASHCAT_USDT	+0.0502%	4h	0.1622	+0.006%	$8.1M	$525K	20x	as long as short
Nado CASHCAT-PERP	+0.0719%	1h	0.1619	−0.200%	$205K	$193K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0964%	1h	0.1622	+0.025%	$63K	$1.3M	3x	as long as short
Arcus CASHCAT-USD	+0.0990%	1h	0.1631	+0.527%	$101K	$280K	5x	as long as short
BingX CASHCAT-USDT	+0.1064%	4h	0.1622	0.000%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.1107%	4h	0.1622	long leg	$1.5M	$12.1M	20x
edgeX CASHCATUSDC	+0.1194%	4h	0.1630	+0.491%	$49K	$168K	5x	as long as short
BloFin CASHCAT-USDT	+0.1438%	4h	0.1624	+0.123%	$52K	$557K	20x	as long as short
Aster CASHCATUSDT	+0.1595%	1h	0.1624	+0.111%	$544K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1659	+2.281%	$8K	$19K	5.5x	as long as short