Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1989%/8h= +217.8% APRpaid last 24h +0.068%

Price spread now: Aster against Gate+0.127%7-day average +0.054% · 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−$177as in the Price arb table

costs, in and out, $10k−$1841.842% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.809%+$81 on $10k

Price spread, last 7 days+0.040%+$4 · spread now +0.127%, 7d avg +0.054%

Together, before fees+0.849%+ Points / potential airdropAster: Stage 5 · farm board+$85 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$60 a day on $10k at the current rate, and Aster is 0.073% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.054%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.809% in total (about 56.0% 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	Gate CASHCAT_USDT	0.1736	0.0100	pay 0.0050% / 4h	1h 18m	$1.5M	$2.0M	20x
Short	Aster CASHCATUSDT	0.1738	0.2089	get 0.0261% / 1h	18m 56s	$568K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.127%Rate

Funding earned: $417.75
Price spread: +0.127% → +0.054%: $7.32
Slippage, 4 orders: −$161.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: $240.83
Costs to cover: 1.842%
Break-even: 3.0 days

Slippage from Gate: live order book, 4 min ago; Aster: live order book, 4 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 Gate live order book, 4 min ago	7.76 bp	59.4 bp −$59	744.4 bp −$7,444	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	8.04 bp	30.2 bp −$30	193.0 bp −$1,930	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	0.1738	+0.133%	$1.2M	$1.9M	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1736	+0.052%	$49.1M	$18.7M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1736	+0.023%	$1.1M	$10.8M	20x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1741	+0.309%	$119K	$213K	5x	as long as short
Gate CASHCAT_USDTlong	+0.0100%	4h	0.1736	long leg	$1.5M	$2.0M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1735	−0.035%	$587K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1745	+0.566%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1739	+0.196%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1735	−0.016%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1736	+0.035%	$521	$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	0.1739	+0.180%	$18K	$403K	10x	as long as short
Bybit CASHCATUSDT	+0.0133%	4h	0.1739	+0.167%	$13.0M	$18.5M	10x	as long as short
BingX CASHCAT-USDT	+0.0136%	4h	0.1736	+0.023%	—	$1.0M	—	as long as short
MEXC CASHCAT_USDT	+0.0146%	4h	0.1738	+0.144%	$8.6M	$468K	20x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1735	−0.035%	$50K	$486K	20x	as long as short
Lighter RH CASHCAT	+0.0368%	1h	0.1738	+0.144%	$339K	$823K	3x	as long as short
Nado CASHCAT-PERP	+0.0428%	1h	0.1734	−0.092%	$245K	$157K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1736	+0.028%	$95K	$466K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0519%	1h	0.1736	+0.023%	$66K	$1.2M	3x	as long as short
edgeX CASHCATUSDC	+0.0583%	4h	0.1744	+0.497%	$52K	$171K	5x	as long as short
Aster CASHCATUSDTshort	+0.2089%	1h	0.1738	+0.127%	$568K	$1.2M	10x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1834	+5.670%	$12K	$9K	5.5x	as long as short