Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1304%/8h= −142.8% APRpaid last 24h −0.234%

Price spread now: MEXC against Aster+0.075%7-day average +0.109% · 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−$94as in the Price arb table

costs, in and out, $10k−$910.910% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.935%−$94 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.075%, 7d avg +0.109%

Together, before fees−0.948%+ Points / potential airdropAster: Stage 5 · farm board−$95 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and MEXC is 0.034% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.109%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CASHCATUSDT	0.1639	0.1640	pay 0.0205% / 1h	33m 42s	$549K	$1.1M	10x
Short	MEXC CASHCAT_USDT	0.1641	0.0336	get 0.0168% / 4h	1h 33m	$8.2M	$527K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$273.77
Price spread: +0.075% → +0.109%: −$3.43
Slippage, 4 orders: −$62.98
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 10 bp × 2 orders: −$20
Net: −$368.18
Costs to cover: 0.910%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; MEXC: 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	5.50 bp	27.9 bp −$28	237.1 bp −$2,371	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	3.05 bp	19.2 bp −$19	283.8 bp −$2,838	1246.1 bp −$124.6K	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	−0.0456%	1h	0.1638	−0.108%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1639	−0.011%	$339K	$955K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1642	+0.178%	$44.9M	$20.3M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1637	−0.139%	$1.5M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1639	−0.017%	$576K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1636	−0.193%	$1.0M	$1.8M	—	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1636	−0.172%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1637	−0.157%	$491	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1638	−0.053%	$20K	$292K	10x	as long as short
ApeX Omni CASHCATUSDT	+0.0120%	1h	0.1635	−0.279%	$74K	$59K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado CASHCAT-PERP	+0.0305%	1h	0.1635	−0.252%	$206K	$194K	5x	as long as short
MEXC CASHCAT_USDTshort	+0.0336%	4h	0.1641	+0.075%	$8.2M	$527K	20x
Bybit CASHCATUSDT	+0.0337%	4h	0.1645	+0.349%	$12.3M	$19.2M	10x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1643	+0.243%	$106K	$756K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0714%	1h	0.1637	−0.139%	$64K	$1.3M	3x	as long as short
edgeX CASHCATUSDC	+0.0769%	4h	0.1636	−0.215%	$50K	$169K	5x	as long as short
Arcus CASHCAT-USD	+0.0990%	1h	0.1646	+0.383%	$102K	$280K	5x	as long as short
BingX CASHCAT-USDT	+0.0992%	4h	0.1646	+0.410%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.1002%	4h	0.1645	+0.349%	$1.5M	$12.3M	20x	as long as short
BloFin CASHCAT-USDT	+0.1340%	4h	0.1638	−0.078%	$52K	$562K	20x	as long as short
Aster CASHCATUSDTlong	+0.1640%	1h	0.1639	long leg	$549K	$1.1M	10x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1659	+1.203%	$8K	$19K	5.5x	as long as short