Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0801%/8h= −87.7% APRpaid last 24h 0.000%

Price spread now: HTX against OKX−0.607%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$657as in the Funding arb table

Net, price: spread back to 7d avg − costs−$714as in the Price arb table

costs, in and out, $10k−$6516.508% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.940%+$94 · spread now −0.607%, 7d avg +0.024%

Together, before fees+0.876%+$88 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and HTX is 0.631% cheaper against OKX than usual: you would sell low and buy high (−$63 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CASHCAT-USDT-SWAP	0.1605	0.0901	pay 0.0450% / 4h	9m 31s	$1.5M	$11.0M	20x
Short	HTX CASHCAT-USDT	0.1595	0.0100	get 0.0013% / 1h	9m 31s	$18K	$328K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.607%Rate

Funding earned: −$168.14
Price spread: −0.607% → +0.024%: −$63.07
Slippage, 4 orders: −$628.85
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$882.05
Costs to cover: 6.508%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; HTX: live order book, 48 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, 4 min ago	6.24 bp	25.1 bp −$25	88.1 bp −$881	doesn't fit	doesn't fit
Sell HTX live order book, 48 min ago	71.96 bp	320.3 bp −$320	doesn't fit	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	+0.0048%	1h	0.1593	−0.754%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1595	−0.604%	$314K	$848K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1603	−0.137%	$43.8M	$19.9M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1595	−0.604%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1592	−0.810%	$557K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1593	−0.775%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1591	−0.885%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1590	−0.917%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1593	−0.735%	$478	$1K	3x	as long as short
HTX CASHCAT-USDTshort	+0.0100%	1h	0.1595	−0.607%	$18K	$328K	10x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CASHCAT_USDT	+0.0104%	4h	0.1598	−0.461%	$7.9M	$524K	20x	as long as short
Bybit CASHCATUSDT	+0.0107%	4h	0.1604	−0.044%	$12.2M	$18.7M	10x	as long as short
Nado CASHCAT-PERP	+0.0184%	1h	0.1600	−0.321%	$216K	$194K	5x	as long as short
edgeX CASHCATUSDC	+0.0438%	4h	0.1592	−0.820%	$48K	$169K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1601	−0.273%	$98K	$608K	5x	as long as short
BingX CASHCAT-USDT	+0.0816%	4h	0.1604	−0.062%	—	$1.0M	—	as long as short
Polymarket Perps CASHCAT-USD	+0.0852%	1h	0.1604	−0.087%	$64K	$1.3M	3x	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0901%	4h	0.1605	long leg	$1.5M	$11.0M	20x
BloFin CASHCAT-USDT	+0.1143%	4h	0.1588	−1.059%	$52K	$495K	20x	as long as short
Aster CASHCATUSDT	+0.2160%	1h	0.1595	−0.630%	$531K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1598	−0.419%	$96K	$264K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1620	+0.935%	$8K	$18K	5.5x	as long as short