Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.073%

Price spread now: ApeX Omni against Variational Omni−0.217%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.217% cheaper against Variational Omni than usual: you would sell low and buy high, −$22 on $10k if it 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	Variational Omni CASHCAT	0.1764	0.0100	pay 0.0050% / 4h	38m 38s	$1.5M	$1.6M	—
Short	ApeX Omni CASHCATUSDT	0.1761	0.0100	get 0.0013% / 1h	38m 38s	$79K	$72K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.217%Rate

Funding earned: $0
Price spread: −0.217% → 0.000%: −$21.7
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$31.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; ApeX Omni: 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 Variational Omni RFQ quote, just now	8.52 bp	doesn't fit	127.8 bp −$1,278	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: 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
Hyperliquid CASHCAT	+0.0100%	1h	0.1758	−0.376%	$49.6M	$18.4M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1757	−0.421%	$1.1M	$10.6M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1757	−0.415%	$1.5M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1759	−0.285%	$594K	$2.4M	10x	as long as short
Variational Omni CASHCATlong	+0.0100%	4h	0.1764	long leg	$1.5M	$1.6M	—
ApeX Omni CASHCATUSDTshort	+0.0100%	1h	0.1761	−0.217%	$79K	$72K	50x
SunX CASHCAT-USDT	+0.0100%	1h	0.1760	−0.277%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1759	−0.319%	$528	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1756	−0.469%	$19K	$393K	10x	as long as short
MEXC CASHCAT_USDT	+0.0204%	4h	0.1759	−0.325%	$8.7M	$465K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CASHCATUSDT	+0.0205%	4h	0.1759	−0.308%	$13.2M	$18.1M	10x	as long as short
Nado CASHCAT-PERP	+0.0252%	1h	0.1757	−0.393%	$248K	$155K	5x	as long as short
BingX CASHCAT-USDT	+0.0268%	4h	0.1757	−0.421%	—	$1.0M	—	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1758	−0.364%	$50K	$497K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0398%	1h	0.1761	−0.194%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1758	−0.358%	$102K	$469K	5x	as long as short
edgeX CASHCATUSDC	+0.0838%	4h	0.1763	−0.068%	$53K	$171K	5x	as long as short
Lighter RH CASHCAT	+0.1096%	1h	0.1760	−0.274%	$336K	$822K	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1758	−0.365%	$121K	$217K	5x	as long as short
Lighter CASHCAT	+0.2000%	1h	0.1760	−0.262%	$1.3M	$1.9M	3x	as long as short
Aster CASHCATUSDT	+0.2992%	1h	0.1757	−0.404%	$577K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1851	+4.906%	$12K	$9K	5.5x	as long as short