Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.3991%/8h= −437.0% APRpaid last 24h −0.297%

Price spread now: KuCoin against Aster+0.149%7-day average +0.027% · 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−$171as in the Price arb table

costs, in and out, $10k−$1831.835% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−1.017%−$102 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.149%, 7d avg +0.027%

Together, before fees−1.008%+ Points / potential airdropAster: Stage 5 · farm board−$101 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.123% dearer against Aster than usual: you sell high and buy low (spread +0.149% now, against its 7-day average of +0.027%): +$12 on $10k if it goes back. Holding the pair costs −$120 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 6 days (−1.017% in total) that is about 16 hours.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid -1.017% in total (about -65.4% 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	0.1684	0.4091	pay 0.0511% / 1h	47m 29s	$546K	$1.1M	10x
Short	KuCoin CASHCATUSDTM	0.1687	0.0100	get 0.0050% / 4h	3h 47m	$607K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.149%Rate

Funding earned: −$838.17
Price spread: +0.149% → +0.027%: $12.27
Slippage, 4 orders: −$163.48
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,009.38
Costs to cover: 1.835%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; KuCoin: 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, 1 min ago	9.49 bp	26.7 bp −$27	242.6 bp −$2,426	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	4.80 bp	54.6 bp −$55	620.6 bp −$6,206	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	0.1684	+0.025%	$1.1M	$1.7M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1685	+0.048%	$361K	$931K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1686	+0.105%	$46.4M	$20.5M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1685	+0.031%	$1.5M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTMshort	+0.0100%	4h	0.1687	+0.149%	$607K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1683	−0.036%	$1.1M	$1.8M	—	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1683	−0.082%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1682	−0.117%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1696	+0.706%	$22K	$255K	10x	as long as short
SoDEX CASHCAT-USD	+0.0184%	1h	0.1685	+0.078%	$506	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0401%	1h	0.1685	+0.042%	$76K	$60K	50x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1686	+0.121%	$241K	$884K	5x	as long as short
MEXC CASHCAT_USDT	+0.0532%	4h	0.1689	+0.292%	$8.5M	$528K	20x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0563%	4h	0.1686	+0.114%	$1.4M	$12.9M	20x	as long as short
Bybit CASHCATUSDT	+0.0594%	4h	0.1688	+0.250%	$12.7M	$19.2M	10x	as long as short
BloFin CASHCAT-USDT	+0.0774%	4h	0.1686	+0.114%	$53K	$596K	20x	as long as short
edgeX CASHCATUSDC	+0.1015%	4h	0.1682	−0.096%	$51K	$168K	5x	as long as short
BingX CASHCAT-USDT	+0.1162%	4h	0.1689	+0.292%	—	$1.1M	—	as long as short
Nado CASHCAT-PERP	+0.1568%	1h	0.1683	−0.044%	$250K	$204K	5x	as long as short
Arcus CASHCAT-USD	+0.3849%	1h	0.1682	−0.114%	$104K	$313K	5x	as long as short
Aster CASHCATUSDTlong	+0.4091%	1h	0.1684	long leg	$546K	$1.1M	10x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1697	+0.767%	$8K	$18K	5.5x	as long as short