Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against SunX−0.145%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$382as in the Funding arb table

Net, price: spread back to 7d avg − costs−$384as in the Price arb table

costs, in and out, $10k−$3813.806% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now −0.145%, 7d avg −0.114%

Together, before fees−0.198%−$20 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: Gate is 0.031% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CASHCAT-USDT	0.1675	0.0100	pay 0.0013% / 1h	11m 59s	—	$2.4M	10x
Short	Gate CASHCAT_USDT	0.1673	0.0100	get 0.0050% / 4h	11m 59s	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.114%: −$3.06
Slippage, 4 orders: −$357.63
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$383.69
Costs to cover: 3.806%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Gate: live order book, 1 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 SunX live order book, 5 min ago	119.64 bp	137.6 bp −$138	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	10.76 bp	50.9 bp −$51	191.4 bp −$1,914	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	+0.0096%	1h	0.1672	−0.181%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1673	−0.127%	$348K	$974K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1674	−0.050%	$46.1M	$20.5M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1676	+0.028%	$12.5M	$19.2M	10x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1673	−0.146%	$103K	$316K	5x	as long as short
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1673	−0.145%	$1.5M	$2.0M	20x
MEXC CASHCAT_USDT	+0.0100%	4h	0.1676	+0.070%	$8.5M	$540K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1674	−0.079%	$598K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1680	+0.281%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1676	+0.052%	$76K	$60K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CASHCAT-USDTlong	+0.0100%	1h	0.1675	long leg	—	$2.4M	10x
HTX CASHCAT-USDT	+0.0100%	1h	0.1672	−0.160%	$22K	$261K	10x	as long as short
SoDEX CASHCAT-USD	+0.0229%	1h	0.1675	−0.026%	$502	$1K	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1674	−0.055%	$241K	$887K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0563%	1h	0.1674	−0.061%	$65K	$1.4M	3x	as long as short
BingX CASHCAT-USDT	+0.0646%	4h	0.1674	−0.067%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0663%	4h	0.1676	+0.052%	$1.4M	$12.8M	20x	as long as short
edgeX CASHCATUSDC	+0.0790%	4h	0.1676	+0.037%	$51K	$169K	5x	as long as short
BloFin CASHCAT-USDT	+0.0904%	4h	0.1676	+0.052%	$52K	$582K	20x	as long as short
Nado CASHCAT-PERP	+0.1416%	1h	0.1669	−0.357%	$247K	$206K	5x	as long as short
Aster CASHCATUSDT	+0.3220%	1h	0.1675	0.000%	$560K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1749	+4.410%	$9K	$18K	5.5x	as long as short