Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Hyperliquid against SunX+0.216%7-day average −0.017% · you sell dearer than you buy

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

Long on SunX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.391%+$39 on $10k

Price spread, last 4 days (all we have)−1.024%−$102 · spread now +0.216%, 7d avg −0.017%

Together, before fees−0.633%+ Points / potential airdropHyperliquid: Season 2 · farm board−$63 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: Hyperliquid is 0.233% dearer against SunX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CASHCAT-USDT	0.1688	0.0100	pay 0.0013% / 1h	35m 56s	—	$2.3M	10x
Short	Hyperliquid CASHCAT	0.1692	0.0100	get 0.0013% / 1h	35m 56s	$46.6M	$20.6M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.216%Rate

Funding earned: $0
Price spread: +0.216% → −0.017%: $23.32
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $6.32
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: SunX: live order book, 11 min ago; Hyperliquid: live order book, 7 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 SunX live order book, 11 min ago	80.14 bp	124.3 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	2.97 bp	doesn't fit	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 RH CASHCAT	+0.0096%	1h	0.1690	+0.110%	$350K	$944K	3x	as long as short
Hyperliquid CASHCATshort	+0.0100%	1h	0.1692	+0.216%	$46.6M	$20.6M	3x
Bybit CASHCATUSDT	+0.0100%	4h	0.1691	+0.175%	$12.7M	$19.2M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1687	−0.044%	$1.5M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1687	−0.039%	$598K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1686	−0.096%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1691	+0.157%	$77K	$60K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1684	−0.240%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDTlong	+0.0100%	1h	0.1688	long leg	—	$2.3M	10x
HTX CASHCAT-USDT	+0.0100%	1h	0.1693	+0.300%	$23K	$252K	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	+0.0147%	1h	0.1690	+0.127%	$507	$1K	3x	as long as short
MEXC CASHCAT_USDT	+0.0154%	4h	0.1692	+0.234%	$8.6M	$533K	20x	as long as short
edgeX CASHCATUSDC	+0.0304%	4h	0.1691	+0.162%	$51K	$168K	5x	as long as short
Lighter CASHCAT	+0.0472%	1h	0.1690	+0.110%	$1.1M	$1.7M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1690	+0.123%	$242K	$883K	5x	as long as short
BingX CASHCAT-USDT	+0.0484%	4h	0.1690	+0.116%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0530%	4h	0.1690	+0.116%	$1.4M	$12.9M	20x	as long as short
BloFin CASHCAT-USDT	+0.0780%	4h	0.1690	+0.116%	$52K	$599K	20x	as long as short
Nado CASHCAT-PERP	+0.1589%	1h	0.1684	−0.240%	$250K	$204K	5x	as long as short
Arcus CASHCAT-USD	+0.3849%	1h	0.1688	−0.024%	$104K	$313K	5x	as long as short
Aster CASHCATUSDT	+0.4265%	1h	0.1686	−0.098%	$547K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1712	+1.419%	$8K	$18K	5.5x	as long as short