Funding you earn now, next payment 12:00 UTC−0.0462%/8h= −50.6% APRnext payment −$2.31 per $10,000 · paid last 24h −0.068%
Price spread now: Bybit against OKX+0.042%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1321.316% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now +0.042%, 7d avg +0.069%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.027% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.069%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.31 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CASHCAT-USDT-SWAP | 0.1677 | 0.0562 | pay 0.0281% / 4h | 46m 47s | $1.3M | $12.0M | 20x |
| Short | Bybit CASHCATUSDT | 0.1678 | 0.0100 | get 0.0050% / 4h | 46m 47s | $12.7M | $17.1M | 10x |
OKX CASHCAT-USDT-SWAP
Bybit CASHCATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$97.1
- Price spread: +0.042% → +0.069%
- −$2.69
- Slippage, 4 orders
- −$110.63
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$231.42
- Costs to cover
- 1.316%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Bybit: live order book, 5 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 OKX live order book, 4 min ago | 5.99 bp | 29.5 bp −$29 | 82.6 bp −$826 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.99 bp | 35.5 bp −$36 | 97.4 bp −$974 | doesn't fit | doesn't fit |
CASHCAT on 22 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CASHCAT/USDC PERP | +0.0033% | 1h | 0.1735 | +3.459% | $8K | $18K | 5.5x | as long as short |
| Lighter CASHCAT | +0.0096% | 1h | 0.1676 | −0.054% | $1.1M | $1.5M | 3x | as long as short |
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1676 | −0.054% | $350K | $856K | 3x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1675 | −0.143% | $46.1M | $18.7M | 3x | as long as short |
| Aster CASHCATUSDT | +0.0100% | 1h | 0.1674 | −0.175% | $544K | $841K | 10x | as long as short |
| Bybit CASHCATUSDTshort | +0.0100% | 4h | 0.1678 | +0.042% | $12.7M | $17.1M | 10x | |
| Arcus CASHCAT-USD | +0.0100% | 1h | 0.1675 | −0.122% | $104K | $304K | 5x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1674 | −0.203% | $1.5M | $1.6M | 20x | as long as short |
| MEXC CASHCAT_USDT | +0.0100% | 4h | 0.1675 | −0.113% | $8.8M | $538K | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1672 | −0.286% | $624K | $2.3M | 10x | as long as short |
Injective CASHCAT/USDC PERP
Lighter CASHCAT
Lighter RH CASHCAT
Hyperliquid CASHCAT
Aster CASHCATUSDT
Arcus CASHCAT-USD
Gate CASHCAT_USDT
MEXC CASHCAT_USDT
KuCoin CASHCATUSDTMShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1671 | −0.366% | $1.1M | $1.3M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1661 | −0.930% | $75K | $63K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1673 | −0.250% | — | $1.6M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1676 | −0.083% | $503 | $987 | 3x | as long as short |
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1675 | −0.131% | $19K | $195K | 10x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0355% | 1h | 0.1676 | −0.036% | $67K | $1.1M | 3x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1674 | −0.187% | $246K | $859K | 5x | as long as short |
| BingX CASHCAT-USDT | +0.0533% | 4h | 0.1677 | 0.000% | — | $1.1M | — | as long as short |
| OKX CASHCAT-USDT-SWAPlong | +0.0562% | 4h | 0.1677 | long leg | $1.3M | $12.0M | 20x | |
| Nado CASHCAT-PERP | +0.0632% | 1h | 0.1673 | −0.268% | $248K | $185K | 5x | as long as short |
| BloFin CASHCAT-USDT | +0.0789% | 4h | 0.1681 | +0.239% | $53K | $714K | 20x | as long as short |
| edgeX CASHCATUSDC | +0.1054% | 4h | 0.1663 | −0.812% | $50K | $167K | 5x | as long as short |
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDT
SoDEX CASHCAT-USD
HTX CASHCAT-USDT
Polymarket Perps CASHCAT-USD
Extended CASHCAT-USD
BingX CASHCAT-USDT
Nado CASHCAT-PERP
BloFin CASHCAT-USDT
edgeX CASHCATUSDC