Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0518%/8h= +56.7% APRpaid last 24h −0.004%

Price spread now: Bybit against Hyperliquid+0.201%7-day average +0.004% · you sell dearer than you buy

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

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.333%−$33 on $10k

Price spread, last 7 days−0.180%−$18 · spread now +0.201%, 7d avg +0.004%

Together, before fees−0.513%+ Points / potential airdropHyperliquid: Season 2 · farm board−$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Bybit is 0.197% dearer against Hyperliquid than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.333%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.333% in total (about -17.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid CASHCAT	0.1641	0.0100	pay 0.0013% / 1h	32m 52s	$44.7M	$19.2M	3x
Short	Bybit CASHCATUSDT	0.1645	0.0618	get 0.0309% / 4h	1h 32m	$12.2M	$17.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.201%Rate

Funding earned: $108.8
Price spread: +0.201% → +0.004%: $19.7
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $108.5
Costs to cover: 0.200%
Break-even: 0.0 days

Slippage unknown: Hyperliquid: live order book, 11 min ago; Bybit: live order book, 1 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 Hyperliquid live order book, 11 min ago	3.98 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.74 bp	40.3 bp −$40	123.7 bp −$1,237	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1642	+0.030%	$246K	$185K	5x	as long as short
Hyperliquid CASHCATlong	+0.0100%	1h	0.1641	long leg	$44.7M	$19.2M	3x
Arcus CASHCAT-USD	+0.0100%	1h	0.1642	+0.026%	$114K	$219K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1641	−0.030%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1641	−0.024%	$557K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1642	+0.072%	$1.2M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1641	+0.018%	$74K	$63K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1642	+0.067%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1642	+0.073%	$493	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1642	+0.034%	$18K	$347K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CASHCAT-USD	+0.0101%	1h	0.1644	+0.189%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1642	+0.062%	$100K	$492K	5x	as long as short
Lighter RH CASHCAT	+0.0432%	1h	0.1642	+0.049%	$320K	$823K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0513%	4h	0.1646	+0.292%	$1.4M	$10.5M	20x	as long as short
Aster CASHCATUSDT	+0.0606%	1h	0.1642	+0.071%	$549K	$1.0M	10x	as long as short
Bybit CASHCATUSDTshort	+0.0618%	4h	0.1645	+0.201%	$12.2M	$17.9M	10x
MEXC CASHCAT_USDT	+0.0640%	4h	0.1644	+0.171%	$8.2M	$498K	20x	as long as short
Lighter CASHCAT	+0.0696%	1h	0.1644	+0.165%	$1.2M	$1.7M	3x	as long as short
BingX CASHCAT-USDT	+0.0700%	4h	0.1645	+0.232%	—	$1.0M	—	as long as short
BloFin CASHCAT-USDT	+0.0742%	4h	0.1648	+0.414%	$52K	$470K	20x	as long as short
edgeX CASHCATUSDC	+0.0994%	4h	0.1643	+0.113%	$49K	$170K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1654	+0.780%	$8K	$18K	5.5x	as long as short