Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1980%/8h= −216.8% APRpaid last 24h −0.122%

Price spread now: Gate against Aster+0.063%7-day average −0.048% · 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−$218as in the Price arb table

costs, in and out, $10k−$2292.295% of the position

Long on Aster Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.867%−$87 on $10k

Price spread, last 7 days−0.175%−$18 · spread now +0.063%, 7d avg −0.048%

Together, before fees−1.043%+ Points / potential airdropAster: Stage 5 · farm board−$104 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.112% dearer against Aster than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.048%): +$11 on $10k if it goes back. Holding the pair costs −$59 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 5 days (−0.867% in total) that is about 17 hours.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.867% in total (about -58.9% 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	Aster CASHCATUSDT	0.1659	0.2080	pay 0.0260% / 1h	53m 43s	$549K	$1.1M	10x
Short	Gate CASHCAT_USDT	0.1660	0.0100	get 0.0050% / 4h	2h 53m	$1.4M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aster. 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 AsterbpFee GatebpOrdersPrice spread, now +0.063%Rate

Funding earned: −$415.73
Price spread: +0.063% → −0.048%: $11.16
Slippage, 4 orders: −$206.48
Fee Aster: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$634.06
Costs to cover: 2.295%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	9.99 bp	30.6 bp −$31	199.1 bp −$1,991	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	10.01 bp	82.6 bp −$83	363.8 bp −$3,638	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1655	−0.250%	$247K	$188K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1665	+0.347%	$45.6M	$20.5M	3x	as long as short
Gate CASHCAT_USDTshort	+0.0100%	4h	0.1660	+0.063%	$1.4M	$1.9M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1661	+0.118%	$588K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1658	−0.076%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1648	−0.696%	$74K	$67K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1655	−0.256%	$67K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1656	−0.219%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1656	−0.202%	$497	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1662	+0.166%	$18K	$370K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1661	+0.103%	$116K	$479K	5x	as long as short
Lighter CASHCAT	+0.0256%	1h	0.1667	+0.455%	$1.2M	$1.7M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0372%	4h	0.1669	+0.594%	$1.3M	$10.7M	20x	as long as short
BloFin CASHCAT-USDT	+0.0615%	4h	0.1649	−0.612%	$51K	$485K	20x	as long as short
Lighter RH CASHCAT	+0.0680%	1h	0.1667	+0.455%	$324K	$809K	3x	as long as short
BingX CASHCAT-USDT	+0.1042%	4h	0.1668	+0.534%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDT	+0.1084%	4h	0.1663	+0.250%	$8.3M	$492K	20x	as long as short
Bybit CASHCATUSDT	+0.1107%	4h	0.1669	+0.588%	$12.6M	$18.7M	10x	as long as short
edgeX CASHCATUSDC	+0.1785%	4h	0.1652	−0.438%	$50K	$170K	5x	as long as short
Aster CASHCATUSDTlong	+0.2080%	1h	0.1659	long leg	$549K	$1.1M	10x
Arcus CASHCAT-USD	+0.2842%	1h	0.1655	−0.275%	$114K	$220K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1689	+1.799%	$8K	$12K	5.5x	as long as short