Funding you earn now, next payment 09:00 UTC−0.3750%/8h= −410.6% APRnext payment −$4.69 per $10,000 · paid last 24h −0.157%
Price spread now: Lighter against Aster−0.175%7-day average +0.065% · 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−$97as in the Price arb table
costs, in and out, $10k−$730.733% of the position
Funding, last 6 days (all we have)−0.379%−$38 on $10k
+Price spread, last 7 days+0.192%+$19 · spread now −0.175%, 7d avg +0.065%
=Together, before fees−0.187%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$112 a day on $10k at the current rate, and Lighter is 0.240% cheaper against Aster than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.065%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.379% in total (about -24.4% 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 | Aster CASHCATUSDT | 0.1671 | 0.3846 | pay 0.0481% / 1h | 58m 04s | $542K | $1.1M | 10x |
| Short | Lighter CASHCAT | 0.1668 | 0.0096 | get 0.0012% / 1h | 58m 04s | $1.1M | $1.7M | 3x |
Aster CASHCATUSDT
Lighter CASHCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$787.47
- Price spread: −0.175% → +0.065%
- −$24.03
- Slippage, 4 orders
- −$65.31
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$884.8
- Costs to cover
- 0.733%
- Break-even
- never at this rate
Slippage from Aster: live order book, 5 min ago; Lighter: live order book, 3 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 Aster live order book, 5 min ago | 8.10 bp | 25.0 bp −$25 | 231.7 bp −$2,317 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 4.79 bp | 7.7 bp −$8 | 13.4 bp −$134 | 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 | 0.1668 | −0.175% | $1.1M | $1.7M | 3x | |
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1672 | +0.059% | $358K | $931K | 3x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1672 | +0.029% | $46.0M | $20.6M | 3x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1670 | −0.103% | $1.5M | $1.8M | 20x | as long as short |
| MEXC CASHCAT_USDT | +0.0100% | 4h | 0.1673 | +0.082% | $8.4M | $522K | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1670 | −0.085% | $599K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1673 | +0.102% | $1.1M | $1.8M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1666 | −0.336% | $75K | $60K | 50x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0100% | 1h | 0.1666 | −0.294% | $65K | $1.4M | 3x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1670 | −0.105% | — | $2.4M | 10x | as long as short |
Lighter RH CASHCAT
Hyperliquid CASHCAT
Gate CASHCAT_USDT
MEXC CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
Polymarket Perps CASHCAT-USD
SunX CASHCAT-USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1669 | −0.112% | $22K | $257K | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0239% | 1h | 0.1671 | −0.007% | $501 | $1K | 3x | as long as short |
| Extended CASHCAT-USD | +0.0480% | 1h | 0.1672 | +0.017% | $239K | $886K | 5x | as long as short |
| BingX CASHCAT-USDT | +0.0576% | 4h | 0.1673 | +0.100% | — | $1.1M | — | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.0590% | 4h | 0.1674 | +0.160% | $1.4M | $12.8M | 20x | as long as short |
| BloFin CASHCAT-USDT | +0.0824% | 4h | 0.1670 | −0.079% | $52K | $582K | 20x | as long as short |
| edgeX CASHCATUSDC | +0.1048% | 4h | 0.1669 | −0.166% | $51K | $168K | 5x | as long as short |
| Bybit CASHCATUSDT | +0.1567% | 4h | 0.1674 | +0.154% | $12.5M | $19.2M | 10x | as long as short |
| Nado CASHCAT-PERP | +0.1972% | 1h | 0.1666 | −0.291% | $247K | $207K | 5x | as long as short |
| Aster CASHCATUSDTlong | +0.3846% | 1h | 0.1671 | long leg | $542K | $1.1M | 10x | |
| Arcus CASHCAT-USD | +0.3849% | 1h | 0.1671 | −0.013% | $103K | $315K | 5x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1749 | +4.648% | $9K | $18K | 5.5x | as long as short |
HTX CASHCAT-USDT
SoDEX CASHCAT-USD
Extended CASHCAT-USD
BingX CASHCAT-USDT
OKX CASHCAT-USDT-SWAP
BloFin CASHCAT-USDT
edgeX CASHCATUSDC
Bybit CASHCATUSDT
Nado CASHCAT-PERP
Arcus CASHCAT-USD
Injective CASHCAT/USDC PERP