Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2943%/8h= +322.2% APRpaid last 24h +0.099%

Price spread now: Aster against edgeX+0.006%7-day average −0.227% · 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−$323as in the Price arb table

costs, in and out, $10k−$3463.459% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.634%+$63 on $10k

Price spread, last 3 days (all we have)−0.307%−$31 · spread now +0.006%, 7d avg −0.227%

Together, before fees+0.327%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board+$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$88 a day on $10k at the current rate, and Aster is 0.234% dearer against edgeX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.227%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.634% in total (about 43.7% 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	edgeX CASHCATUSDC	0.1760	0.0238	pay 0.0119% / 4h	53m 01s	$53K	$171K	5x
Short	Aster CASHCATUSDT	0.1761	0.3180	get 0.0398% / 1h	53m 01s	$578K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.006%Rate

Funding earned: $617.98
Price spread: +0.006% → −0.227%: $23.36
Slippage, 4 orders: −$328.87
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $295.47
Costs to cover: 3.459%
Break-even: 3.7 days

Slippage from edgeX: live order book, 24 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 edgeX live order book, 24 min ago	4.90 bp	150.4 bp −$150	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	7.41 bp	20.8 bp −$21	193.0 bp −$1,930	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
Hyperliquid CASHCAT	+0.0100%	1h	0.1761	+0.040%	$49.7M	$18.4M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1762	+0.086%	$1.1M	$10.7M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1759	−0.079%	$1.5M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1762	+0.063%	$596K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1756	−0.246%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1753	−0.448%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1761	+0.009%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1761	+0.018%	$528	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1760	−0.039%	$19K	$396K	10x	as long as short
BingX CASHCAT-USDT	+0.0222%	4h	0.1763	+0.142%	—	$1.0M	—	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CASHCAT_USDT	+0.0232%	4h	0.1762	+0.114%	$8.7M	$460K	20x	as long as short
Bybit CASHCATUSDT	+0.0234%	4h	0.1763	+0.160%	$13.2M	$18.2M	10x	as long as short
edgeX CASHCATUSDClong	+0.0238%	4h	0.1760	long leg	$53K	$171K	5x
Nado CASHCAT-PERP	+0.0317%	1h	0.1758	−0.116%	$248K	$155K	5x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1759	−0.085%	$5K	$495K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0365%	1h	0.1761	+0.052%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1761	+0.012%	$96K	$464K	5x	as long as short
Lighter CASHCAT	+0.1184%	1h	0.1764	+0.188%	$1.3M	$1.9M	3x	as long as short
Lighter RH CASHCAT	+0.1256%	1h	0.1764	+0.188%	$339K	$815K	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1758	−0.146%	$121K	$214K	5x	as long as short
Aster CASHCATUSDTshort	+0.3180%	1h	0.1761	+0.006%	$578K	$1.1M	10x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1838	+4.403%	$12K	$9K	5.5x	as long as short