Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2900%/8h= +317.6% APRpaid last 24h +0.051%

Price spread now: Aster against OKX−0.029%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1111.106% 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)+0.789%+$79 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.029%, 7d avg −0.053%

Together, before fees+0.814%+ Points / potential airdropAster: Stage 5 · farm board+$81 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$87 a day on $10k at the current rate, and Aster is 0.024% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.053%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.789% in total (about 54.3% 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	0.1762	0.0100	pay 0.0050% / 4h	45m 41s	$1.1M	$10.7M	20x
Short	Aster CASHCATUSDT	0.1761	0.3000	get 0.0375% / 1h	45m 41s	$578K	$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 −0.029%Rate

Funding earned: $609.03
Price spread: −0.029% → −0.053%: $2.44
Slippage, 4 orders: −$92.64
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $500.83
Costs to cover: 1.106%
Break-even: 1.2 days

Slippage from OKX: live order book, 2 min ago; Aster: live order book, 2 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, 2 min ago	5.70 bp	27.5 bp −$28	81.5 bp −$815	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	7.13 bp	29.4 bp −$29	194.6 bp −$1,946	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
Hyperliquid CASHCAT	+0.0100%	1h	0.1767	+0.295%	$49.9M	$18.5M	3x	as long as short
OKX CASHCAT-USDT-SWAPlong	+0.0100%	4h	0.1762	long leg	$1.1M	$10.7M	20x
Gate CASHCAT_USDT	+0.0100%	4h	0.1760	−0.102%	$1.5M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1764	+0.085%	$596K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1763	+0.050%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1760	−0.119%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1757	−0.276%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1767	+0.261%	$530	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1770	+0.448%	$19K	$394K	10x	as long as short
MEXC CASHCAT_USDT	+0.0234%	4h	0.1766	+0.227%	$8.8M	$464K	20x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CASHCATUSDT	+0.0235%	4h	0.1766	+0.199%	$13.2M	$18.1M	10x	as long as short
BingX CASHCAT-USDT	+0.0244%	4h	0.1761	−0.057%	—	$1.0M	—	as long as short
Nado CASHCAT-PERP	+0.0256%	1h	0.1758	−0.199%	$248K	$155K	5x	as long as short
edgeX CASHCATUSDC	+0.0278%	4h	0.1762	−0.028%	$53K	$172K	5x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1752	−0.568%	$50K	$492K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0342%	1h	0.1759	−0.159%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1764	+0.097%	$103K	$469K	5x	as long as short
Lighter RH CASHCAT	+0.1168%	1h	0.1767	+0.289%	$339K	$815K	3x	as long as short
Lighter CASHCAT	+0.1728%	1h	0.1767	+0.278%	$1.3M	$1.9M	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1761	−0.079%	$121K	$216K	5x	as long as short
Aster CASHCATUSDTshort	+0.3000%	1h	0.1761	−0.029%	$578K	$1.1M	10x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1845	+4.711%	$12K	$9K	5.5x	as long as short