Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Gate against OKX−0.246%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$233as in the Price arb table

costs, in and out, $10k−$2182.185% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days+0.117%+$12 · spread now −0.246%, 7d avg −0.103%

Together, before fees+0.055%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.143% cheaper against OKX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CASHCAT-USDT-SWAP	0.1747	0.0100	pay 0.0050% / 4h	1h 47m	$1.1M	$11.0M	20x
Short	Gate CASHCAT_USDT	0.1743	0.0100	get 0.0050% / 4h	1h 47m	$1.5M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.246%Rate

Funding earned: $0
Price spread: −0.246% → −0.103%: −$14.31
Slippage, 4 orders: −$193.46
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$232.76
Costs to cover: 2.185%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Gate: 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, 5 min ago	5.80 bp	34.8 bp −$35	89.7 bp −$897	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	6.95 bp	89.8 bp −$90	394.2 bp −$3,942	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
Lighter CASHCAT	+0.0096%	1h	0.1742	−0.298%	$1.2M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1742	−0.280%	$49.4M	$18.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1745	−0.114%	$13.0M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0100%	4h	0.1747	long leg	$1.1M	$11.0M	20x
Arcus CASHCAT-USD	+0.0100%	1h	0.1740	−0.393%	$102K	$191K	5x	as long as short
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1743	−0.246%	$1.5M	$2.0M	20x
MEXC CASHCAT_USDT	+0.0100%	4h	0.1745	−0.132%	$8.7M	$464K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1742	−0.292%	$589K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1746	−0.057%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1731	−0.927%	$1.4M	$1.7M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1724	−1.322%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1738	−0.541%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1739	−0.458%	$522	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1739	−0.484%	$19K	$409K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1737	−0.572%	$50K	$505K	20x	as long as short
edgeX CASHCATUSDC	+0.0363%	4h	0.1734	−0.730%	$52K	$171K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1742	−0.289%	$95K	$469K	5x	as long as short
Nado CASHCAT-PERP	+0.0596%	1h	0.1736	−0.601%	$245K	$159K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0712%	1h	0.1741	−0.361%	$65K	$1.3M	3x	as long as short
Lighter RH CASHCAT	+0.1000%	1h	0.1742	−0.280%	$337K	$790K	3x	as long as short
Aster CASHCATUSDT	+0.1938%	1h	0.1741	−0.342%	$569K	$1.2M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1756	+0.515%	$12K	$9K	5.5x	as long as short