Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1730%/8h= +189.4% APRpaid last 24h +0.108%

Price spread now: Aster against KuCoin+0.072%7-day average −0.033% · 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−$184as in the Price arb table

costs, in and out, $10k−$1941.943% 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)+0.838%+$84 on $10k

Price spread, last 7 days−0.216%−$22 · spread now +0.072%, 7d avg −0.033%

Together, before fees+0.621%+ Points / potential airdropAster: Stage 5 · farm board+$62 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$52 a day on $10k at the current rate, and Aster is 0.105% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.033%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.838% in total (about 57.2% 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	KuCoin CASHCATUSDTM	0.1675	0.0100	pay 0.0050% / 4h	3h 48m	$589K	$2.4M	10x
Short	Aster CASHCATUSDT	0.1676	0.1830	get 0.0229% / 1h	48m 06s	$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

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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.072%Rate

Funding earned: $363.22
Price spread: +0.072% → −0.033%: $10.49
Slippage, 4 orders: −$174.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: $179.4
Costs to cover: 1.943%
Break-even: 3.5 days

Slippage from KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	6.26 bp	102.1 bp −$102	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	7.15 bp	15.7 bp −$16	165.8 bp −$1,658	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1679	+0.242%	$259K	$183K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1677	+0.131%	$46.4M	$20.6M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1681	+0.382%	$1.2M	$10.8M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1675	0.000%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1675	long leg	$589K	$2.4M	10x
Variational Omni CASHCAT	+0.0100%	4h	0.1685	+0.641%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1685	+0.633%	$76K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1680	+0.322%	$67K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1682	+0.466%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1676	+0.084%	$503	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX CASHCAT-USDT	+0.0100%	1h	0.1691	+0.998%	$18K	$386K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1673	−0.095%	$98K	$466K	5x	as long as short
Lighter RH CASHCAT	+0.0272%	1h	0.1678	+0.179%	$326K	$842K	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1691	+0.979%	$51K	$508K	20x	as long as short
Lighter CASHCAT	+0.0936%	1h	0.1679	+0.257%	$1.2M	$1.9M	3x	as long as short
Aster CASHCATUSDTshort	+0.1830%	1h	0.1676	+0.072%	$552K	$1.1M	10x
BingX CASHCAT-USDT	+0.2264%	4h	0.1681	+0.382%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDT	+0.2280%	4h	0.1680	+0.340%	$8.4M	$480K	20x	as long as short
edgeX CASHCATUSDC	+0.2477%	4h	0.1679	+0.269%	$50K	$171K	5x	as long as short
Bybit CASHCATUSDT	+0.2594%	4h	0.1681	+0.382%	$12.8M	$18.7M	10x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1685	+0.610%	$116K	$220K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1699	+1.457%	$8K	$12K	5.5x	as long as short