Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1116%/8h= +122.2% APRpaid last 24h +0.170%

Price spread now: Aster against OKX+0.025%7-day average −0.063% · 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−$93as in the Price arb table

costs, in and out, $10k−$1021.021% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.884%+$88 on $10k

Price spread, last 7 days+0.013%+$1 · spread now +0.025%, 7d avg −0.063%

Together, before fees+0.897%+ Points / potential airdropAster: Stage 5 · farm board+$90 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Aster is 0.088% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CASHCAT-USDT-SWAP	0.1588	0.0993	pay 0.0496% / 4h	3h 56m	$1.4M	$10.9M	20x
Short	Aster CASHCATUSDT	0.1588	0.2109	get 0.0264% / 1h	56m 49s	$531K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now +0.025%Rate

Funding earned: $234.37
Price spread: +0.025% → −0.063%: $8.78
Slippage, 4 orders: −$84.15
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $141
Costs to cover: 1.021%
Break-even: 2.8 days

Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago	6.26 bp	27.0 bp −$27	83.5 bp −$835	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	9.39 bp	23.9 bp −$24	177.5 bp −$1,775	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	−0.0240%	1h	0.1584	−0.264%	$1.1M	$1.8M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1587	−0.069%	$43.4M	$19.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1585	−0.195%	$11.9M	$18.8M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1581	−0.416%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1583	−0.302%	$7.9M	$517K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1581	−0.435%	$554K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1594	+0.376%	$1.1M	$1.7M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1593	+0.309%	$72K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1599	+0.687%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1595	+0.457%	$18K	$325K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0480%	1h	0.1580	−0.505%	$97K	$603K	5x	as long as short
edgeX CASHCATUSDC	+0.0493%	4h	0.1598	+0.622%	$48K	$169K	5x	as long as short
Lighter RH CASHCAT	+0.0600%	1h	0.1599	+0.699%	$314K	$843K	3x	as long as short
SoDEX CASHCAT-USD	+0.0613%	1h	0.1589	+0.038%	$477	$1K	3x	as long as short
Polymarket Perps CASHCAT-USD	+0.0653%	1h	0.1598	+0.598%	$66K	$1.3M	3x	as long as short
Nado CASHCAT-PERP	+0.0758%	1h	0.1597	+0.567%	$216K	$187K	5x	as long as short
BingX CASHCAT-USDT	+0.0906%	4h	0.1587	−0.063%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0993%	4h	0.1588	long leg	$1.4M	$10.9M	20x
BloFin CASHCAT-USDT	+0.1305%	4h	0.1598	+0.630%	$52K	$499K	20x	as long as short
Aster CASHCATUSDTshort	+0.2109%	1h	0.1588	+0.025%	$531K	$1.1M	10x
Arcus CASHCAT-USD	+0.2486%	1h	0.1598	+0.650%	$96K	$261K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1608	+1.259%	$8K	$18K	5.5x	as long as short