Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0936%/8h= +102.5% APRpaid last 24h +0.039%

Price spread now: BingX against SoDEX+0.049%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 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 +$28 a day on $10k at the current rate, and BingX is 0.049% dearer against SoDEX than usual: you sell high and buy low: +$5 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	SoDEX CASHCAT-USD	0.1637	0.0100	pay 0.0013% / 1h	39m 18s	$491	$1K	3x
Short	BingX CASHCAT-USDT	0.1638	0.1036	get 0.0518% / 4h	1h 39m	—	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SoDEX. 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 SoDEXbpFee BingXbpOrdersPrice spread, now +0.049%Rate

Funding earned: $196.56
Price spread: +0.049% → 0.000%: $4.89
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $183.45
Costs to cover: 0.180%
Break-even: 0.5 days

Slippage unknown: SoDEX: no order-book sample; BingX: live order book, 6 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 SoDEX no order-book sample	—	—	—	—	—
Sell BingX live order book, 6 min ago	6.09 bp	30.2 bp −$30	80.5 bp −$805	630.5 bp −$63.1K	1129.7 bp −$564.8K

SoDEX: 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	−0.0552%	1h	0.1632	−0.324%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1634	−0.189%	$338K	$955K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1638	+0.018%	$44.8M	$20.3M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1635	−0.140%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1637	−0.031%	$575K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1639	+0.083%	$1.1M	$1.8M	—	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1637	+0.013%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USDlong	+0.0100%	1h	0.1637	long leg	$491	$1K	3x
HTX CASHCAT-USDT	+0.0100%	1h	0.1639	+0.130%	$19K	$294K	10x	as long as short
ApeX Omni CASHCATUSDT	+0.0258%	1h	0.1637	−0.024%	$74K	$59K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado CASHCAT-PERP	+0.0332%	1h	0.1634	−0.214%	$206K	$194K	5x	as long as short
Bybit CASHCATUSDT	+0.0421%	4h	0.1638	+0.049%	$12.3M	$19.2M	10x	as long as short
MEXC CASHCAT_USDT	+0.0440%	4h	0.1637	−0.006%	$8.2M	$527K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1638	+0.040%	$106K	$756K	5x	as long as short
edgeX CASHCATUSDC	+0.0739%	4h	0.1641	+0.256%	$50K	$168K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0756%	1h	0.1638	+0.018%	$64K	$1.3M	3x	as long as short
Arcus CASHCAT-USD	+0.0990%	1h	0.1641	+0.250%	$102K	$280K	5x	as long as short
BingX CASHCAT-USDTshort	+0.1036%	4h	0.1638	+0.049%	—	$1.1M	—
OKX CASHCAT-USDT-SWAP	+0.1057%	4h	0.1637	−0.012%	$1.5M	$12.2M	20x	as long as short
BloFin CASHCAT-USDT	+0.1398%	4h	0.1646	+0.538%	$53K	$565K	20x	as long as short
Aster CASHCATUSDT	+0.1823%	1h	0.1638	+0.049%	$549K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1659	+1.332%	$8K	$19K	5.5x	as long as short