Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.2277%/8h= +249.3% APRpaid last 24h +0.108%

Price spread now: Aster against OKX+0.079%7-day average −0.058% · 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−$72as in the Price arb table

costs, in and out, $10k−$860.858% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.813%+$81 on $10k

Price spread, last 7 days−0.107%−$11 · spread now +0.079%, 7d avg −0.058%

Together, before fees+0.706%+ Points / potential airdropAster: Stage 5 · farm board+$71 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$68 a day on $10k at the current rate, and Aster is 0.137% dearer against OKX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.058%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.813% in total (about 55.2% 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	OKX CASHCAT-USDT-SWAP	0.1679	0.0385	pay 0.0193% / 4h	3h 02m	$1.3M	$10.7M	20x
Short	Aster CASHCATUSDT	0.1680	0.2662	get 0.0333% / 1h	2m 53s	$556K	$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 +0.079%Rate

Funding earned: $478.13
Price spread: +0.079% → −0.058%: $13.7
Slippage, 4 orders: −$67.79
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $406.04
Costs to cover: 0.858%
Break-even: 1.1 days

Slippage from OKX: 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 OKX live order book, 5 min ago	5.89 bp	29.4 bp −$29	92.7 bp −$927	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	5.61 bp	21.4 bp −$21	185.9 bp −$1,859	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 RH CASHCAT	+0.0096%	1h	0.1676	−0.161%	$326K	$849K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1675	−0.238%	$250K	$188K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1676	−0.197%	$45.9M	$20.6M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1675	−0.250%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1677	−0.143%	$592K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1691	+0.741%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1694	+0.881%	$76K	$67K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1676	−0.173%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1674	−0.322%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1674	−0.274%	$502	$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	0.1689	+0.571%	$18K	$373K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1673	−0.361%	$117K	$479K	5x	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0385%	4h	0.1679	long leg	$1.3M	$10.7M	20x
BloFin CASHCAT-USDT	+0.0631%	4h	0.1670	−0.536%	$50K	$496K	20x	as long as short
Lighter CASHCAT	+0.0816%	1h	0.1677	−0.107%	$1.2M	$1.9M	3x	as long as short
BingX CASHCAT-USDT	+0.0882%	4h	0.1680	+0.060%	—	$1.0M	—	as long as short
Bybit CASHCATUSDT	+0.0915%	4h	0.1679	−0.012%	$12.8M	$18.6M	10x	as long as short
MEXC CASHCAT_USDT	+0.0928%	4h	0.1680	+0.054%	$8.4M	$497K	20x	as long as short
edgeX CASHCATUSDC	+0.1100%	4h	0.1697	+1.086%	$51K	$171K	5x	as long as short
Aster CASHCATUSDTshort	+0.2662%	1h	0.1680	+0.079%	$556K	$1.1M	10x
Arcus CASHCAT-USD	+0.3384%	1h	0.1687	+0.504%	$116K	$220K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1722	+2.561%	$9K	$12K	5.5x	as long as short