Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1106%/8h= +121.1% APRpaid last 24h +0.122%

Price spread now: Aster against KuCoin−0.227%7-day average −0.029% · 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−$216as in the Price arb table

costs, in and out, $10k−$1971.965% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.871%+$87 on $10k

Price spread, last 7 days+0.124%+$12 · spread now −0.227%, 7d avg −0.029%

Together, before fees+0.995%+ Points / potential airdropAster: Stage 5 · farm board+$100 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.198% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.227% now, against its 7-day average of −0.029%). If the spread goes back, that is −$20 on $10k: about 14 hours of funding at the current rate (+$33 a day). At the pace of the last 5 days (+0.871% in total) that is about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CASHCATUSDTM	0.1678	0.0100	pay 0.0050% / 4h	2h 22m	$593K	$2.4M	10x
Short	Aster CASHCATUSDT	0.1674	0.1206	get 0.0151% / 1h	22m 23s	$552K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now −0.227%Rate

Funding earned: $232.19
Price spread: −0.227% → −0.029%: −$19.8
Slippage, 4 orders: −$176.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $15.88
Costs to cover: 1.965%
Break-even: 6.5 days

Slippage from KuCoin: live order book, 9 min ago; Aster: live order book, 1 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 KuCoin live order book, 9 min ago	7.42 bp	85.7 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	6.55 bp	18.5 bp −$19	182.3 bp −$1,823	doesn't fit	doesn't fit

CASHCAT on 21 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
Nado CASHCAT-PERP	+0.0100%	1h	0.1678	−0.024%	$251K	$190K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1678	+0.024%	$46.0M	$19.9M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1677	−0.060%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1678	long leg	$593K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1683	+0.323%	$1.4M	$1.4M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1677	−0.048%	$76K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1680	+0.113%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1675	−0.189%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1672	−0.375%	$501	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1672	−0.364%	$18K	$361K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1679	+0.093%	$118K	$472K	5x	as long as short
Lighter RH CASHCAT	+0.0352%	1h	0.1681	+0.185%	$326K	$814K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0445%	4h	0.1680	+0.125%	$1.3M	$10.8M	20x	as long as short
Lighter CASHCAT	+0.0480%	1h	0.1681	+0.203%	$1.2M	$1.7M	3x	as long as short
Bybit CASHCATUSDT	+0.1127%	4h	0.1679	+0.083%	$12.7M	$18.3M	10x	as long as short
MEXC CASHCAT_USDT	+0.1144%	4h	0.1680	+0.137%	$8.4M	$498K	20x	as long as short
BingX CASHCAT-USDT	+0.1152%	4h	0.1681	+0.185%	—	$1.0M	—	as long as short
Aster CASHCATUSDTshort	+0.1206%	1h	0.1674	−0.227%	$552K	$1.1M	10x
edgeX CASHCATUSDC	+0.1903%	4h	0.1675	−0.151%	$50K	$170K	5x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1679	+0.088%	$116K	$219K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+1.496%	$8K	$12K	5.5x	as long as short