Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.069%

Price spread now: ApeX Omni against Hyperliquid−0.602%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.322%+$32 on $10k

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

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · 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 0.602% cheaper against Hyperliquid than usual: you would sell low and buy high, −$60 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	Hyperliquid CASHCAT	0.1605	0.0100	pay 0.0013% / 1h	16m 50s	$43.9M	$20.0M	3x
Short	ApeX Omni CASHCATUSDT	0.1595	0.0100	get 0.0013% / 1h	16m 50s	$72K	$64K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.602%Rate

Funding earned: $0
Price spread: −0.602% → 0.000%: −$60.2
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$79.2
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 min ago; 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 Hyperliquid live order book, 7 min ago	1.88 bp	doesn't fit	doesn't fit	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
Lighter CASHCAT	+0.0096%	1h	0.1600	−0.259%	$1.1M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1604	−0.029%	$316K	$848K	3x	as long as short
Hyperliquid CASHCATlong	+0.0100%	1h	0.1605	long leg	$43.9M	$20.0M	3x
Gate CASHCAT_USDT	+0.0100%	4h	0.1602	−0.172%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1606	+0.071%	$559K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1604	−0.066%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDTshort	+0.0100%	1h	0.1595	−0.602%	$72K	$64K	50x
SunX CASHCAT-USDT	+0.0100%	1h	0.1602	−0.192%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1604	−0.066%	$481	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1595	−0.590%	$18K	$330K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado CASHCAT-PERP	+0.0140%	1h	0.1603	−0.088%	$217K	$202K	5x	as long as short
Bybit CASHCATUSDT	+0.0168%	4h	0.1606	+0.071%	$12.2M	$18.8M	10x	as long as short
MEXC CASHCAT_USDT	+0.0174%	4h	0.1606	+0.084%	$8.0M	$523K	20x	as long as short
edgeX CASHCATUSDC	+0.0210%	4h	0.1601	−0.239%	$48K	$170K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1605	+0.011%	$98K	$608K	5x	as long as short
BingX CASHCAT-USDT	+0.0788%	4h	0.1608	+0.208%	—	$1.0M	—	as long as short
Polymarket Perps CASHCAT-USD	+0.0832%	1h	0.1605	+0.040%	$64K	$1.3M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0856%	4h	0.1608	+0.208%	$1.5M	$11.1M	20x	as long as short
BloFin CASHCAT-USDT	+0.1096%	4h	0.1605	+0.021%	$52K	$502K	20x	as long as short
Aster CASHCATUSDT	+0.2000%	1h	0.1603	−0.119%	$532K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2181%	1h	0.1599	−0.333%	$96K	$263K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1618	+0.831%	$8K	$18K	5.5x	as long as short