Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.1102%/8h= −120.7% APRpaid last 24h −0.107%

Price spread now: BingX against Aster+0.476%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$1101.097% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.720%−$72 on $10k

Price spread, last 7 days−0.459%−$46 · spread now +0.476%, 7d avg +0.042%

Together, before fees−1.180%+ Points / potential airdropAster: Stage 5 · farm board−$118 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.434% dearer against Aster than usual: you sell high and buy low (spread +0.476% now, against its 7-day average of +0.042%): +$43 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 5 days (−0.720% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CASHCATUSDT	0.1701	0.1962	pay 0.0245% / 1h	15m 28s	$562K	$1.1M	10x
Short	BingX CASHCAT-USDT	0.1709	0.0860	get 0.0430% / 4h	3h 15m	—	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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 AsterbpFee BingXbpOrdersPrice spread, now +0.476%Rate

Funding earned: −$231.5
Price spread: +0.476% → +0.042%: $43.37
Slippage, 4 orders: −$91.69
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$297.82
Costs to cover: 1.097%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; BingX: live order book, 9 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 Aster live order book, 3 min ago	7.35 bp	29.7 bp −$30	188.6 bp −$1,886	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	2.94 bp	26.3 bp −$26	80.5 bp −$805	548.1 bp −$54.8K	990.5 bp −$495.2K

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 RH CASHCAT	+0.0096%	1h	0.1701	+0.029%	$331K	$847K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1704	+0.212%	$255K	$188K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1707	+0.382%	$46.9M	$20.6M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1703	+0.100%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1701	+0.035%	$600K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1699	−0.121%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1698	−0.176%	$77K	$67K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1707	+0.382%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1698	−0.175%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1697	−0.241%	$509	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1698	−0.162%	$18K	$374K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1706	+0.317%	$119K	$479K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0299%	4h	0.1710	+0.535%	$1.3M	$10.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.0522%	4h	0.1702	+0.065%	$51K	$509K	20x	as long as short
Bybit CASHCATUSDT	+0.0725%	4h	0.1707	+0.365%	$13.0M	$18.6M	10x	as long as short
MEXC CASHCAT_USDT	+0.0756%	4h	0.1706	+0.329%	$8.5M	$496K	20x	as long as short
edgeX CASHCATUSDC	+0.0821%	4h	0.1701	+0.024%	$51K	$172K	5x	as long as short
BingX CASHCAT-USDTshort	+0.0860%	4h	0.1709	+0.476%	—	$1.0M	—
Lighter CASHCAT	+0.1000%	1h	0.1702	+0.071%	$1.2M	$1.9M	3x	as long as short
Aster CASHCATUSDTlong	+0.1962%	1h	0.1701	long leg	$562K	$1.1M	10x
Arcus CASHCAT-USD	+0.3384%	1h	0.1701	+0.024%	$117K	$220K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1717	+0.947%	$9K	$12K	5.5x	as long as short