Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.111%

Price spread now: Extended against Variational Omni+0.488%7-day average −0.349% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.227%+$23 on $10k

Price spread, last 4 days (all we have)−0.641%−$64 · spread now +0.488%, 7d avg −0.349%

Together, before fees−0.414%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Extended is 0.838% dearer against Variational Omni than usual: you sell high and buy low: +$84 more if the spread goes back to its 7-day average of −0.349%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CASHCAT	0.1731	0.0100	pay 0.0050% / 4h	1h 48m	$1.4M	$1.7M	—
Short	Extended CASHCAT-USD	0.1739	0.0480	get 0.0060% / 1h	48m 22s	$95K	$469K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.488%Rate

Funding earned: $79.8
Price spread: +0.488% → −0.349%: $83.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $158.58
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Extended: live order book, 34 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 Variational Omni RFQ quote, 1 min ago	11.48 bp	doesn't fit	143.5 bp −$1,435	doesn't fit	doesn't fit
Sell Extended live order book, 34 min ago	18.49 bp	45.3 bp −$45	277.1 bp −$2,771	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	0.1739	+0.502%	$1.2M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1740	+0.520%	$49.3M	$18.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1740	+0.554%	$13.0M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1740	+0.531%	$1.1M	$10.9M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1737	+0.344%	$102K	$187K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1738	+0.416%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1741	+0.560%	$8.6M	$463K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1738	+0.439%	$588K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1739	+0.474%	—	$1.0M	—	as long as short
Variational Omni CASHCATlong	+0.0100%	4h	0.1731	long leg	$1.4M	$1.7M	—

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1724	−0.399%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1741	+0.578%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1741	+0.572%	$522	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1739	+0.448%	$19K	$409K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1737	+0.358%	$50K	$505K	20x	as long as short
edgeX CASHCATUSDC	+0.0363%	4h	0.1734	+0.199%	$52K	$171K	5x	as long as short
Extended CASHCAT-USDshort	+0.0480%	1h	0.1739	+0.488%	$95K	$469K	5x
Nado CASHCAT-PERP	+0.0596%	1h	0.1736	+0.329%	$245K	$159K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0712%	1h	0.1741	+0.572%	$65K	$1.3M	3x	as long as short
Lighter RH CASHCAT	+0.1016%	1h	0.1742	+0.624%	$337K	$787K	3x	as long as short
Aster CASHCATUSDT	+0.1807%	1h	0.1739	+0.488%	$569K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1756	+1.456%	$12K	$9K	5.5x	as long as short