Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h 0.000%

Price spread now: HTX against OKX+0.242%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$605as in the Funding arb table

Net, price: spread back to 7d avg − costs−$577as in the Price arb table

costs, in and out, $10k−$5985.983% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 3 days (all we have)−0.180%−$18 · spread now +0.242%, 7d avg +0.025%

Together, before fees−0.245%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.216% dearer against OKX than usual: you sell high and buy low (spread +0.242% now, against its 7-day average of +0.025%): +$22 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.065% in total) that is about 23 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% 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	OKX CASHCAT-USDT-SWAP	0.1681	0.0424	pay 0.0212% / 4h	2h 34m	$1.3M	$10.9M	20x
Short	HTX CASHCAT-USDT	0.1685	0.0100	get 0.0013% / 1h	34m 00s	$18K	$368K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.242%Rate

Funding earned: −$68.09
Price spread: +0.242% → +0.025%: $21.64
Slippage, 4 orders: −$576.34
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$644.79
Costs to cover: 5.983%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; HTX: live order book, 34 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	6.01 bp	26.0 bp −$26	87.9 bp −$879	doesn't fit	doesn't fit
Sell HTX live order book, 34 min ago	19.89 bp	264.0 bp −$264	doesn't fit	doesn't fit	doesn't fit

CASHCAT on 21 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	0.1677	−0.238%	$251K	$191K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1678	−0.167%	$46.0M	$20.4M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1678	−0.173%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1681	−0.006%	$593K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1681	−0.001%	$1.4M	$1.4M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1670	−0.648%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1678	−0.178%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1678	−0.173%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1678	−0.149%	$504	$1K	3x	as long as short
HTX CASHCAT-USDTshort	+0.0100%	1h	0.1685	+0.242%	$18K	$368K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1678	−0.166%	$117K	$479K	5x	as long as short
Lighter RH CASHCAT	+0.0336%	1h	0.1681	−0.006%	$327K	$811K	3x	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0424%	4h	0.1681	long leg	$1.3M	$10.9M	20x
Lighter CASHCAT	+0.0664%	1h	0.1681	+0.006%	$1.2M	$1.7M	3x	as long as short
BingX CASHCAT-USDT	+0.1176%	4h	0.1682	+0.059%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDT	+0.1188%	4h	0.1680	−0.036%	$8.4M	$497K	20x	as long as short
Bybit CASHCATUSDT	+0.1208%	4h	0.1681	−0.024%	$12.7M	$18.6M	10x	as long as short
edgeX CASHCATUSDC	+0.1464%	4h	0.1662	−1.143%	$50K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.1536%	1h	0.1676	−0.291%	$554K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1675	−0.333%	$116K	$225K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1695	+0.833%	$8K	$12K	5.5x	as long as short