Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.4120%/8h= +451.2% APRpaid last 24h +1.318%

Price spread now: Injective against OKX+3.283%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$124 a day on $10k at the current rate, and Injective is 3.283% dearer against OKX than usual: you sell high and buy low: +$328 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CASHCAT-USDT-SWAP	0.1584	0.0880	pay 0.0440% / 4h	3h 06m	$1.4M	$11.3M	20x
Short	Injective CASHCAT/USDC PERP	0.1636	0.5000	get 0.0625% / 1h	6m 38s	$8K	$18K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +3.283%Rate

Funding earned: $865.29
Price spread: +3.283% → 0.000%: $328.28
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,183.56
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 2 min ago; Injective: no order-book sample. 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 OKX live order book, 2 min ago	6.34 bp	31.2 bp −$31	86.2 bp −$862	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0312%	1h	0.1577	−0.429%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1579	−0.297%	$321K	$919K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1579	−0.306%	$43.2M	$20.0M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1584	−0.006%	$11.8M	$19.0M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1578	−0.410%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1581	−0.170%	$7.9M	$524K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1579	−0.335%	$554K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1581	−0.195%	$1.0M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1586	+0.114%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1577	−0.473%	—	$2.4M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CASHCAT-USD	+0.0100%	1h	0.1576	−0.486%	$473	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1563	−1.309%	$18K	$315K	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1579	−0.322%	$165K	$675K	5x	as long as short
edgeX CASHCATUSDC	+0.0491%	4h	0.1571	−0.800%	$48K	$169K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0610%	1h	0.1578	−0.404%	$67K	$1.3M	3x	as long as short
Nado CASHCAT-PERP	+0.0650%	1h	0.1574	−0.600%	$213K	$182K	5x	as long as short
BingX CASHCAT-USDT	+0.0848%	4h	0.1582	−0.126%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0880%	4h	0.1584	long leg	$1.4M	$11.3M	20x
BloFin CASHCAT-USDT	+0.1144%	4h	0.1583	−0.063%	$52K	$525K	20x	as long as short
Aster CASHCATUSDT	+0.2127%	1h	0.1579	−0.330%	$527K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1579	−0.342%	$95K	$267K	5x	as long as short
Injective CASHCAT/USDC PERPshort	+0.5000%	1h	0.1636	+3.283%	$8K	$18K	5.5x