Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0582%/8h= +63.7% APRpaid last 24h +0.202%

Price spread now: Nado against MEXC+0.168%51s7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1511.511% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.193%+$19 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now +0.168%, 7d avg −0.073%

Together, before fees+0.253%+ Points / potential airdropNado: Active · farm board+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Nado is 0.241% dearer against MEXC than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.073%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CASHCAT_USDT	0.1731	0.0100	pay 0.0050% / 4h	13m 34s	$8.6M	$468K	20x
Short	Nado CASHCAT-PERP	0.1734	0.0682	get 0.0085% / 1h	13m 34s	$246K	$157K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. 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 MEXCbpFee NadobpOrdersPrice spread, now +0.168%Rate

Funding earned: $122.14
Price spread: +0.168% → −0.073%: $24.1
Slippage, 4 orders: −$131.14
Fee MEXC: 10 bp × 2 orders: −$20
Fee Nado: 0 bp × 2 orders: $0
Net: −$4.9
Costs to cover: 1.511%
Break-even: 7.3 days

Slippage from MEXC: live order book, 4 min ago; Nado: live order book, 64 min ago.

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 MEXC live order book, 4 min ago	2.28 bp	23.2 bp −$23	314.0 bp −$3,140	1202.7 bp −$120.3K	doesn't fit
Sell Nado live order book, 64 min ago	17.57 bp	56.6 bp −$57	393.8 bp −$3,938	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
Hyperliquid CASHCAT	+0.0100%	1h	0.1734	+0.173%	$48.8M	$18.6M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1723	−0.428%	$12.9M	$18.1M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1725	−0.324%	$1.1M	$10.3M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1729	−0.092%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDTlong	+0.0100%	4h	0.1731	long leg	$8.6M	$468K	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1731	+0.012%	$588K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1726	−0.266%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1759	+1.618%	$1.5M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1754	+1.329%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1734	+0.224%	—	$2.6M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CASHCAT-USD	+0.0100%	1h	0.1734	+0.168%	$520	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1734	+0.211%	$18K	$388K	10x	as long as short
edgeX CASHCATUSDC	+0.0147%	4h	0.1757	+1.545%	$53K	$172K	5x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1739	+0.485%	$50K	$486K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0378%	1h	0.1735	+0.277%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1729	−0.073%	$101K	$466K	5x	as long as short
Lighter RH CASHCAT	+0.0520%	1h	0.1735	+0.272%	$332K	$832K	3x	as long as short
Nado CASHCAT-PERPshort	+0.0682%	1h	0.1734	+0.168%	$246K	$157K	5x
Lighter CASHCAT	+0.1392%	1h	0.1736	+0.312%	$1.2M	$1.9M	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1738	+0.420%	$120K	$216K	5x	as long as short
Aster CASHCATUSDT	+0.3644%	1h	0.1739	+0.483%	$572K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1754	+1.352%	$9K	$12K	5.5x	as long as short