CASHCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0159%/8h= −17.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.087%

Price spread now: Hyperliquid against Polymarket Perps+0.181%7-day average −0.074% · you sell dearer than you buy

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

Long on Polymarket Perps Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 3 days (all we have)−0.689%−$69 · spread now +0.181%, 7d avg −0.074%

Together, before fees−0.797%+ Points / potential airdropHyperliquid: Season 2 · farm board−$80 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.256% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of −0.074%): +$26 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.4 days. At the pace of the last 7 days (−0.109% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CASHCAT-USD	0.1710	0.0259	pay 0.0032% / 1h	7m 00s	$67K	$1.3M	3x
Short	Hyperliquid CASHCAT	0.1713	0.0100	get 0.0013% / 1h	7m 00s	$48.6M	$18.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Polymarket PerpsbpFee HyperliquidbpOrdersPrice spread, now +0.181%Rate

Funding earned: −$33.42
Price spread: +0.181% → −0.074%: $25.57
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$24.85
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 1 min ago; Hyperliquid: live order book, 6 min ago. 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 Polymarket Perps live order book, 1 min ago	0.88 bp	17.6 bp −$18	18.3 bp −$183	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.29 bp	doesn't fit	doesn't fit	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	0.1708	−0.094%	$1.2M	$2.0M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1711	+0.053%	$331K	$807K	3x	as long as short
Hyperliquid CASHCATshort	+0.0100%	1h	0.1713	+0.181%	$48.6M	$18.9M	3x
Bybit CASHCATUSDT	+0.0100%	4h	0.1715	+0.310%	$12.9M	$18.6M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1712	+0.140%	$1.0M	$10.7M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1709	−0.039%	$100K	$183K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1708	−0.094%	$1.4M	$2.1M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1714	+0.275%	$8.5M	$494K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1711	+0.111%	$580K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1712	+0.140%	—	$1.0M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CASHCAT	+0.0100%	4h	0.1708	−0.075%	$1.4M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1708	−0.082%	$77K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1708	−0.067%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1709	−0.012%	$513	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1711	+0.058%	$18K	$413K	10x	as long as short
Polymarket Perps CASHCAT-USDlong	+0.0259%	1h	0.1710	long leg	$67K	$1.3M	3x
BloFin CASHCAT-USDT	+0.0340%	4h	0.1710	+0.023%	$50K	$496K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1713	+0.203%	$93K	$477K	5x	as long as short
Nado CASHCAT-PERP	+0.0583%	1h	0.1708	−0.064%	$241K	$158K	5x	as long as short
Aster CASHCATUSDT	+0.0764%	1h	0.1711	+0.108%	$561K	$1.2M	10x	as long as short
edgeX CASHCATUSDC	+0.0811%	4h	0.1710	+0.050%	$51K	$171K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1824	+6.692%	$12K	$9K	5.5x	as long as short