Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.181%

Price spread now: Nado against SunX−0.053%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$507as in the Price arb table

costs, in and out, $10k−$5105.097% of the position

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.293%+$29 on $10k

Price spread, last 4 days (all we have)−1.064%−$106 · spread now −0.053%, 7d avg −0.084%

Together, before fees−0.771%+ Points / potential airdropNado: Active · farm board−$77 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: Nado is 0.030% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CASHCAT-USDT	0.1595	0.0100	pay 0.0013% / 1h	1m 14s	—	$2.4M	10x
Short	Nado CASHCAT-PERP	0.1594	0.0100	get 0.0012% / 1h	1m 14s	$218K	$201K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.084%: $3.03
Slippage, 4 orders: −$501.67
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 0 bp × 2 orders: $0
Net: −$506.64
Costs to cover: 5.097%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; Nado: live order book, 61 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, 6 min ago	115.79 bp	159.9 bp −$160	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 61 min ago	32.46 bp	67.6 bp −$68	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
Nado CASHCAT-PERPshort	+0.0100%	1h	0.1594	−0.053%	$218K	$201K	5x
Hyperliquid CASHCAT	+0.0100%	1h	0.1596	+0.038%	$43.7M	$19.8M	3x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1597	+0.136%	$96K	$239K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1594	−0.063%	$1.3M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1596	+0.069%	$545K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1582	−0.825%	$1.2M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1595	+0.006%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDTlong	+0.0100%	1h	0.1595	long leg	—	$2.4M	10x
SoDEX CASHCAT-USD	+0.0100%	1h	0.1596	+0.082%	$479	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1601	+0.355%	$18K	$340K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CASHCAT	+0.0120%	1h	0.1599	+0.251%	$313K	$840K	3x	as long as short
Polymarket Perps CASHCAT-USD	+0.0212%	1h	0.1597	+0.150%	$66K	$1.3M	3x	as long as short
MEXC CASHCAT_USDT	+0.0312%	4h	0.1598	+0.194%	$7.9M	$524K	20x	as long as short
Bybit CASHCATUSDT	+0.0318%	4h	0.1600	+0.307%	$12.3M	$18.4M	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1597	+0.110%	$150K	$562K	5x	as long as short
BingX CASHCAT-USDT	+0.0566%	4h	0.1601	+0.376%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0633%	4h	0.1601	+0.376%	$1.3M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0870%	4h	0.1598	+0.188%	$52K	$472K	20x	as long as short
edgeX CASHCATUSDC	+0.0910%	4h	0.1588	−0.419%	$48K	$170K	5x	as long as short
Lighter CASHCAT	+0.0968%	1h	0.1599	+0.270%	$1.1M	$1.7M	3x	as long as short
Aster CASHCATUSDT	+0.2140%	1h	0.1598	+0.182%	$530K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1617	+1.379%	$8K	$18K	5.5x	as long as short