Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.4900%/8h= +536.5% APRpaid last 24h +1.344%

Price spread now: Injective against OKX+5.233%78s7-day average — · you sell dearer than you buy

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

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$147 a day on $10k at the current rate, and Injective is 5.233% dearer against OKX than usual: you sell high and buy low: +$523 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 78 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	OKX CASHCAT-USDT-SWAP	0.1758	0.0100	pay 0.0050% / 4h	39m 53s	$1.1M	$10.6M	20x
Short	Injective CASHCAT/USDC PERP	0.1850	0.5000	get 0.0625% / 1h	39m 53s	$12K	$9K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +5.233%Rate

Funding earned: $1,029
Price spread: +5.233% → 0.000%: $523.32
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,542.3
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 3 min ago; Injective: no order-book sample. 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 OKX live order book, 3 min ago	5.67 bp	30.2 bp −$30	82.4 bp −$824	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.1760	+0.108%	$49.7M	$18.5M	3x	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0100%	4h	0.1758	long leg	$1.1M	$10.6M	20x
Gate CASHCAT_USDT	+0.0100%	4h	0.1759	+0.057%	$1.5M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1761	+0.159%	$595K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1764	+0.366%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1771	+0.734%	$80K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1760	+0.127%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1760	+0.097%	$528	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1756	−0.105%	$19K	$394K	10x	as long as short
Bybit CASHCATUSDT	+0.0217%	4h	0.1762	+0.222%	$13.2M	$18.1M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CASHCAT_USDT	+0.0228%	4h	0.1761	+0.165%	$8.8M	$464K	20x	as long as short
Nado CASHCAT-PERP	+0.0233%	1h	0.1756	−0.085%	$248K	$155K	5x	as long as short
BingX CASHCAT-USDT	+0.0268%	4h	0.1759	+0.057%	—	$1.0M	—	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1765	+0.398%	$50K	$499K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0400%	1h	0.1760	+0.131%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1760	+0.103%	$103K	$469K	5x	as long as short
edgeX CASHCATUSDC	+0.0726%	4h	0.1764	+0.324%	$53K	$172K	5x	as long as short
Lighter RH CASHCAT	+0.1160%	1h	0.1761	+0.154%	$336K	$822K	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1760	+0.090%	$121K	$217K	5x	as long as short
Lighter CASHCAT	+0.2112%	1h	0.1761	+0.154%	$1.3M	$1.9M	3x	as long as short
Aster CASHCATUSDT	+0.3018%	1h	0.1757	−0.040%	$577K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERPshort	+0.5000%	1h	0.1850	+5.233%	$12K	$9K	5.5x