Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.085%

Price spread now: Aster against Bybit−0.529%7-day average −0.123% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1331.332% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.732%+$73 on $10k

Price spread, last 7 days+0.447%+$45 · spread now −0.529%, 7d avg −0.123%

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.406% cheaper against Bybit than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CASHCATUSDT	0.1726	0.0100	pay 0.0050% / 4h	2h 33m	$13.0M	$18.5M	10x
Short	Aster CASHCATUSDT	0.1717	0.0100	get 0.0013% / 1h	33m 19s	$565K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.529%Rate

Funding earned: $0
Price spread: −0.529% → −0.123%: −$40.59
Slippage, 4 orders: −$114.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$173.8
Costs to cover: 1.332%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Aster: live order book, 5 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 Bybit live order book, 5 min ago	0.87 bp	42.6 bp −$43	127.1 bp −$1,271	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	2.62 bp	25.8 bp −$26	190.8 bp −$1,908	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	0.1716	−0.585%	$1.2M	$2.0M	3x	as long as short
Lighter RH CASHCAT	+0.0096%	1h	0.1716	−0.585%	$335K	$801K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1720	−0.342%	$48.8M	$18.8M	3x	as long as short
Aster CASHCATUSDTshort	+0.0100%	1h	0.1717	−0.529%	$565K	$1.3M	10x
Bybit CASHCATUSDTlong	+0.0100%	4h	0.1726	long leg	$13.0M	$18.5M	10x
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1726	+0.006%	$1.0M	$10.8M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1717	−0.501%	$101K	$184K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1719	−0.411%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1722	−0.249%	$8.6M	$484K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1718	−0.440%	$578K	$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	0.1726	+0.006%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1725	−0.041%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1727	+0.087%	$78K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1720	−0.342%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1723	−0.156%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1723	−0.174%	$517	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1719	−0.400%	$18K	$419K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1719	−0.400%	$50K	$491K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1723	−0.176%	$89K	$472K	5x	as long as short
edgeX CASHCATUSDC	+0.0620%	4h	0.1722	−0.219%	$51K	$171K	5x	as long as short
Nado CASHCAT-PERP	+0.0681%	1h	0.1718	−0.435%	$242K	$158K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1862	+7.886%	$12K	$9K	5.5x	as long as short