CASHCAT Funding Rate — live across 12 venues

Compared across 12 supported venues · net of estimated fees · updated every few minutes

Live annualized CASHCAT perpetual funding across all 12 venues Perpia tracks. Right now CASHCAT funding is positive on 12 and negative on 0, ranging from +157.8% on Hyperliquid to +10.9% on Arcus — a spread of 146.9%. The widest delta-neutral trade is long MEXC / short Hyperliquid at 140.8% net APR.

venues

paying positive

146.9%

funding spread

Best CASHCAT spread now

140.8%

net APR after fees

Long MEXC→Short Hyperliquid

size depends on live venue depth — see the real cap in the scanner

CASHCAT funding trend & liquidity

168h of history

146.9%

current gross APR

23.5%

24h average

39.2%

7-day average

$3.4M

pair OI · lower leg

$647K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

CASHCAT funding rate history

30d · 6h buckets · 12 venues

429%0-316.7%

6 Aug5 Sep

CASHCAT — average across 12 venuesAsterHyperliquidMEXCBybit

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +57.1%. A break in a line means no data was recorded for that stretch, not a zero rate.

CASHCAT funding rate by venue

39 pairs scanned

Venue	Funding APR	Interval
Hyperliquid ↗	+157.8%	1h
Aster ↗	+55.7%	1h
Extended ↗	+52.6%	1h
Lighter ↗	+45.6%	8h
OKX ↗	+31.3%	4h
BingX ↗	+29.2%	4h
MEXC ↗	+10.9%	4h
Variational ↗	+10.9%	4h
Bybit ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Gate.io ↗	+10.9%	4h
Arcus ↗	+10.9%	1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the MEXC vs Hyperliquid page.

CASHCAT arbitrage — 30-day backtest

long MEXC · short Hyperliquid

42.5%

backtested APR

+$349

historical net P&L on $10,000

0.50%

max drawdown

$10,000$10,349

30 days agostarting capital $10,000today

Over the last 30 days, holding long MEXC / short Hyperliquid would have produced 42.5% APR — versus the 140.8% the live spread implies right now (equity $10,000 → $10,349). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading CASHCAT backtest…

CASHCAT funding — FAQ

Is CASHCAT funding positive right now?

CASHCAT perpetual funding is positive on 12 of 12 venues Perpia tracks. The highest is +157.8% on Hyperliquid; the lowest is +10.9% on Arcus.

What is the best CASHCAT funding arbitrage right now?

Go long MEXC and short Hyperliquid for about 140.8% net APR after fees — the widest delta-neutral CASHCAT spread Perpia currently sees.

Which exchange has the highest CASHCAT funding rate?

Hyperliquid, at +157.8% annualized. Funding shifts continuously, so check the live table above before trading.

How CASHCAT funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to CASHCAT

Markets also quoted on both Hyperliquid and MEXC — the same two exchanges you would already have funded for the CASHCAT trade.

See every spread between them on the Hyperliquid vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this