Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.4900%/8h= +536.5% APRpaid last 24h +1.357%

Price spread now: Injective against Gate+1.079%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$147 a day on $10k at the current rate, and Injective is 1.079% dearer against Gate than usual: you sell high and buy low: +$108 more if the spread 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	Gate CASHCAT_USDT	0.1696	0.0100	pay 0.0050% / 4h	3h 27m	$1.4M	$2.0M	20x
Short	Injective CASHCAT/USDC PERP	0.1714	0.5000	get 0.0625% / 1h	27m 21s	$8K	$12K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +1.079%Rate

Funding earned: $1,029
Price spread: +1.079% → 0.000%: $107.92
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,121.9
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 5 min ago; Injective: 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 Gate live order book, 5 min ago	7.69 bp	76.2 bp −$76	900.2 bp −$9,002	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Lighter RH CASHCAT	+0.0096%	1h	0.1697	+0.077%	$330K	$845K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1696	+0.018%	$258K	$186K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1698	+0.106%	$46.7M	$20.6M	3x	as long as short
Gate CASHCAT_USDTlong	+0.0100%	4h	0.1696	long leg	$1.4M	$2.0M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1698	+0.118%	$601K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1696	+0.014%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1699	+0.165%	$77K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1699	+0.189%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1700	+0.233%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1693	−0.159%	$508	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1707	+0.662%	$18K	$375K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1694	−0.101%	$100K	$464K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0221%	4h	0.1697	+0.077%	$1.2M	$10.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.0457%	4h	0.1700	+0.254%	$51K	$510K	20x	as long as short
Lighter CASHCAT	+0.0968%	1h	0.1698	+0.118%	$1.2M	$1.9M	3x	as long as short
Bybit CASHCATUSDT	+0.1072%	4h	0.1696	−0.012%	$12.9M	$18.6M	10x	as long as short
MEXC CASHCAT_USDT	+0.1128%	4h	0.1701	+0.289%	$8.5M	$485K	20x	as long as short
Aster CASHCATUSDT	+0.1650%	1h	0.1698	+0.139%	$561K	$1.1M	10x	as long as short
BingX CASHCAT-USDT	+0.1778%	4h	0.1697	+0.077%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.2139%	4h	0.1700	+0.268%	$51K	$170K	5x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1697	+0.064%	$117K	$219K	5x	as long as short
Injective CASHCAT/USDC PERPshort	+0.5000%	1h	0.1714	+1.079%	$8K	$12K	5.5x