Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.3504%/8h= +383.7% APRpaid last 24h +0.183%

Price spread now: Aster against Variational Omni−0.134%7-day average −0.278% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.405%+$40 on $10k

Price spread, last 7 days+0.143%+$14 · spread now −0.134%, 7d avg −0.278%

Together, before fees+0.548%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm board+$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$105 a day on $10k at the current rate, and Aster is 0.144% dearer against Variational Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.278%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.405% in total (about 41.9% 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	Variational Omni CASHCAT	0.1608	0.0100	pay 0.0050% / 4h	3h 25m	$1.0M	$1.7M	—
Short	Aster CASHCATUSDT	0.1606	0.3604	get 0.0451% / 1h	25m 13s	$536K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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 Variational OmnibpFee AsterbpOrdersPrice spread, now −0.134%Rate

Funding earned: $735.94
Price spread: −0.134% → −0.278%: $14.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $742.36
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Aster: live order book, 3 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 4 min ago	9.31 bp	doesn't fit	139.7 bp −$1,397	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	8.70 bp	23.8 bp −$24	193.9 bp −$1,939	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	+0.0096%	1h	0.1601	−0.408%	$1.1M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1605	−0.184%	$43.9M	$19.9M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1605	−0.140%	$12.0M	$18.8M	10x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1603	−0.320%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1605	−0.146%	$8.0M	$520K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1604	−0.252%	$561K	$2.4M	10x	as long as short
Variational Omni CASHCATlong	+0.0100%	4h	0.1608	long leg	$1.0M	$1.7M	—
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1607	−0.072%	$73K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1605	−0.199%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1604	−0.246%	$481	$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	0.1613	+0.307%	$18K	$319K	10x	as long as short
Lighter RH CASHCAT	+0.0384%	1h	0.1605	−0.190%	$314K	$901K	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1605	−0.187%	$168K	$673K	5x	as long as short
Nado CASHCAT-PERP	+0.0645%	1h	0.1601	−0.389%	$216K	$181K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0779%	1h	0.1604	−0.215%	$66K	$1.3M	3x	as long as short
edgeX CASHCATUSDC	+0.0930%	4h	0.1610	+0.159%	$49K	$169K	5x	as long as short
BingX CASHCAT-USDT	+0.0932%	4h	0.1606	−0.109%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0945%	4h	0.1605	−0.171%	$1.4M	$11.2M	20x	as long as short
BloFin CASHCAT-USDT	+0.1234%	4h	0.1604	−0.233%	$52K	$529K	20x	as long as short
Arcus CASHCAT-USD	+0.2486%	1h	0.1608	+0.005%	$97K	$265K	5x	as long as short
Aster CASHCATUSDTshort	+0.3604%	1h	0.1606	−0.134%	$536K	$1.1M	10x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1636	+1.757%	$8K	$18K	5.5x	as long as short