Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.085%

Price spread now: Variational Omni against Aster+0.329%7-day average +0.258% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.245%−$24 on $10k

Price spread, last 7 days−0.294%−$29 · spread now +0.329%, 7d avg +0.258%

Together, before fees−0.539%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Variational Omni is 0.070% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.258%. Mind the row above: over the last 3 days funding on this pair cost −0.245%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CASHCATUSDT	0.1721	0.0061	pay 0.0008% / 1h	36m 20s	$567K	$1.3M	10x
Short	Variational Omni CASHCAT	0.1727	0.0100	get 0.0050% / 4h	2h 36m	$1.5M	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.329%Rate

Funding earned: $8.27
Price spread: +0.329% → +0.258%: $7.04
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $7.3
Costs to cover: 0.080%
Break-even: 0.8 days

Slippage unknown: Aster: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 2 min ago	2.62 bp	30.4 bp −$30	175.2 bp −$1,752	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	11.60 bp	doesn't fit	110.2 bp −$1,102	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
Aster CASHCATUSDTlong	+0.0061%	1h	0.1721	long leg	$567K	$1.3M	10x
Gate CASHCAT_USDT	+0.0092%	4h	0.1721	−0.003%	$1.5M	$2.0M	20x	as long as short
Lighter CASHCAT	+0.0096%	1h	0.1721	+0.020%	$1.2M	$2.0M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1722	+0.061%	$336K	$800K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1722	+0.038%	$48.8M	$18.8M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1724	+0.154%	$13.0M	$18.5M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1722	+0.049%	$1.0M	$10.7M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1720	−0.075%	$101K	$184K	5x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1723	+0.113%	$8.6M	$484K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1723	+0.084%	$579K	$2.4M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CASHCAT-USDT	+0.0100%	4h	0.1722	+0.049%	—	$1.0M	—	as long as short
Variational Omni CASHCATshort	+0.0100%	4h	0.1727	+0.329%	$1.5M	$1.7M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1726	+0.305%	$78K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1723	+0.090%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1722	+0.060%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1720	−0.055%	$516	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1721	−0.003%	$18K	$420K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1728	+0.398%	$50K	$492K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1721	−0.017%	$89K	$472K	5x	as long as short
edgeX CASHCATUSDC	+0.0496%	4h	0.1725	+0.252%	$52K	$171K	5x	as long as short
Nado CASHCAT-PERP	+0.0613%	1h	0.1721	−0.009%	$242K	$158K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1862	+8.183%	$12K	$9K	5.5x	as long as short