Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h +0.010%

Price spread now: Hyperliquid against Gate+0.044%7-day average +0.181% · you sell dearer than you buy

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

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.414%+$41 on $10k

Price spread, last 7 days+0.167%+$17 · spread now +0.044%, 7d avg +0.181%

Together, before fees+0.581%+ Points / potential airdropHyperliquid: Season 2 · farm board+$58 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 0.137% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.181%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CASHCAT_USDT	0.1752	0.0100	pay 0.0050% / 4h	26m 43s	$1.5M	$2.0M	20x
Short	Hyperliquid CASHCAT	0.1752	0.0100	get 0.0013% / 1h	26m 43s	$50.1M	$19.1M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.181%: −$13.69
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$37.69
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 min ago; Hyperliquid: live order book, 6 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 Gate live order book, 5 min ago	6.87 bp	62.9 bp −$63	704.2 bp −$7,042	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.72 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 CASHCAT	+0.0072%	1h	0.1750	−0.097%	$1.2M	$1.7M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1753	+0.103%	$342K	$669K	3x	as long as short
Hyperliquid CASHCATshort	+0.0100%	1h	0.1752	+0.044%	$50.1M	$19.1M	3x
Bybit CASHCATUSDT	+0.0100%	4h	0.1753	+0.108%	$13.3M	$18.7M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1751	−0.029%	$1.0M	$11.6M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1750	−0.090%	$103K	$184K	5x	as long as short
Gate CASHCAT_USDTlong	+0.0100%	4h	0.1752	long leg	$1.5M	$2.0M	20x
MEXC CASHCAT_USDT	+0.0100%	4h	0.1756	+0.257%	$8.8M	$481K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1754	+0.120%	$590K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1752	+0.029%	—	$1.1M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CASHCAT	+0.0100%	4h	0.1751	−0.043%	$1.5M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1750	−0.086%	$75K	$85K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1755	+0.174%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1754	+0.148%	$526	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1761	+0.514%	$19K	$443K	10x	as long as short
Aster CASHCATUSDT	+0.0215%	1h	0.1753	+0.111%	$567K	$1.2M	10x	as long as short
Polymarket Perps CASHCAT-USD	+0.0261%	1h	0.1756	+0.240%	$70K	$1.2M	3x	as long as short
Nado CASHCAT-PERP	+0.0281%	1h	0.1754	+0.126%	$247K	$156K	5x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1753	+0.086%	$51K	$511K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1755	+0.183%	$282K	$288K	5x	as long as short
edgeX CASHCATUSDC	+0.0862%	4h	0.1753	+0.102%	$53K	$170K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.4571%	1h	0.1767	+0.885%	$12K	$9K	5.5x	as long as short