CASHCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.3753%/8h= −411.0% APRnext payment −$4.69 per $10,000 · paid last 24h −0.162%

Price spread now: Lighter against Arcus+0.109%7-day average −0.131% · 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−$164as in the Price arb table

costs, in and out, $10k−$1881.875% of the position

Long on Arcus Short on Lighter

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 4 days (all we have)+0.134%+$13 · spread now +0.109%, 7d avg −0.131%

Together, before fees−0.271%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.240% dearer against Arcus than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of −0.131%): +$24 on $10k if it goes back. Holding the pair costs −$113 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 4 days (−0.405% in total) that is about 2.2 days.

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 -39.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.69 per $10,000. 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	Arcus CASHCAT-USD	0.1682	0.3849	pay 0.0481% / 1h	47m 03s	$104K	$313K	5x
Short	Lighter CASHCAT	0.1684	0.0096	get 0.0012% / 1h	47m 03s	$1.1M	$1.7M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Arcus. 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 ArcusbpFee LighterbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$788.16
Price spread: +0.109% → −0.131%: $24.01
Slippage, 4 orders: −$183.05
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$951.69
Costs to cover: 1.875%
Break-even: never at this rate

Slippage from Arcus: live order book, 51 min ago; Lighter: 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 Arcus live order book, 51 min ago	35.16 bp	130.5 bp −$130	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	6.86 bp	6.9 bp −$7	14.0 bp −$140	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 CASHCATshort	+0.0096%	1h	0.1684	+0.109%	$1.1M	$1.7M	3x
Lighter RH CASHCAT	+0.0096%	1h	0.1684	+0.139%	$361K	$931K	3x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1685	+0.189%	$46.4M	$20.5M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1684	+0.127%	$1.5M	$1.8M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1684	+0.109%	$606K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1683	+0.077%	$1.1M	$1.8M	—	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1683	+0.032%	$66K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1686	+0.206%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1699	+1.013%	$22K	$255K	10x	as long as short
SoDEX CASHCAT-USD	+0.0168%	1h	0.1685	+0.186%	$506	$1K	3x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni CASHCATUSDT	+0.0401%	1h	0.1685	+0.156%	$76K	$60K	50x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1685	+0.180%	$242K	$884K	5x	as long as short
MEXC CASHCAT_USDT	+0.0532%	4h	0.1688	+0.323%	$8.5M	$528K	20x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0563%	4h	0.1687	+0.287%	$1.4M	$12.9M	20x	as long as short
Bybit CASHCATUSDT	+0.0594%	4h	0.1688	+0.347%	$12.7M	$19.2M	10x	as long as short
BloFin CASHCAT-USDT	+0.0798%	4h	0.1689	+0.406%	$53K	$597K	20x	as long as short
edgeX CASHCATUSDC	+0.1015%	4h	0.1682	+0.018%	$51K	$168K	5x	as long as short
BingX CASHCAT-USDT	+0.1162%	4h	0.1687	+0.287%	—	$1.1M	—	as long as short
Nado CASHCAT-PERP	+0.1568%	1h	0.1683	+0.070%	$250K	$204K	5x	as long as short
Arcus CASHCAT-USDlong	+0.3849%	1h	0.1682	long leg	$104K	$313K	5x
Aster CASHCATUSDT	+0.4091%	1h	0.1684	+0.107%	$546K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+1.238%	$8K	$18K	5.5x	as long as short