CASHCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.3288%/8h= −360.1% APRnext payment −$4.11 per $10,000 · paid last 24h −0.020%

Price spread now: Lighter RH against Arcus+0.189%7-day average −0.043% · 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−$175as in the Price arb table

costs, in and out, $10k−$1981.981% of the position

Long on Arcus Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.126%−$13 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.189%, 7d avg −0.043%

Together, before fees−0.332%+ Points / potential airdropLighter RH: Points live · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.232% dearer against Arcus than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of −0.043%): +$23 on $10k if it goes back. Holding the pair costs −$99 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 3 days (−0.126% in total) that is about 6.3 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.126% in total (about -13.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.11 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	0.1694	0.3384	pay 0.0423% / 1h	31m 27s	$117K	$219K	5x
Short	Lighter RH CASHCAT	0.1698	0.0096	get 0.0012% / 1h	31m 27s	$330K	$845K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.189%Rate

Funding earned: −$690.55
Price spread: +0.189% → −0.043%: $23.25
Slippage, 4 orders: −$193.55
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$865.36
Costs to cover: 1.981%
Break-even: never at this rate

Slippage from Arcus: live order book, 42 min ago; Lighter RH: live order book, 41 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, 42 min ago	13.22 bp	148.3 bp −$148	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 41 min ago	10.12 bp	14.9 bp −$15	20.9 bp −$209	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 CASHCATshort	+0.0096%	1h	0.1698	+0.189%	$330K	$845K	3x
Nado CASHCAT-PERP	+0.0100%	1h	0.1694	+0.006%	$258K	$186K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1694	−0.017%	$46.6M	$20.6M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1695	+0.024%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1695	+0.060%	$600K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1693	−0.103%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1699	+0.278%	$77K	$72K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1696	+0.071%	$68K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1692	−0.117%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1693	−0.082%	$508	$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	0.1702	+0.432%	$18K	$381K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1696	+0.100%	$100K	$465K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0192%	4h	0.1697	+0.154%	$1.2M	$10.9M	20x	as long as short
BloFin CASHCAT-USDT	+0.0406%	4h	0.1698	+0.213%	$51K	$512K	20x	as long as short
Lighter CASHCAT	+0.0920%	1h	0.1699	+0.254%	$1.2M	$1.9M	3x	as long as short
Bybit CASHCATUSDT	+0.1438%	4h	0.1696	+0.066%	$12.9M	$18.7M	10x	as long as short
MEXC CASHCAT_USDT	+0.1618%	4h	0.1697	+0.148%	$8.5M	$485K	20x	as long as short
Aster CASHCATUSDT	+0.1714%	1h	0.1696	+0.120%	$561K	$1.1M	10x	as long as short
BingX CASHCAT-USDT	+0.1850%	4h	0.1697	+0.154%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.2645%	4h	0.1693	−0.078%	$51K	$171K	5x	as long as short
Arcus CASHCAT-USDlong	+0.3384%	1h	0.1694	long leg	$117K	$219K	5x
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1714	+1.157%	$8K	$12K	5.5x	as long as short