Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0238%/8h= +26.1% APRpaid last 24h +0.135%

Price spread now: Lighter against BingX−0.212%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$790.793% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.556%+$56 on $10k

Price spread, last 7 days+0.195%+$19 · spread now −0.212%, 7d avg +0.024%

Together, before fees+0.751%+ Points / potential airdropLighter: Season 3 · farm board+$75 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.235% cheaper against BingX than usual: you would sell low and buy high (spread −0.212% now, against its 7-day average of +0.024%). If the spread goes back, that is −$24 on $10k: about 3.3 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CASHCAT-USDT	0.1700	0.0698	pay 0.0349% / 4h	3h 09m	—	$1.0M	—
Short	Lighter CASHCAT	0.1696	0.0936	get 0.0117% / 1h	9m 32s	$1.2M	$1.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now −0.212%Rate

Funding earned: $49.98
Price spread: −0.212% → +0.024%: −$23.55
Slippage, 4 orders: −$69.27
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$52.84
Costs to cover: 0.793%
Break-even: 14.4 days

Slippage from BingX: live order book, 5 min ago; Lighter: 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 BingX live order book, 5 min ago	8.83 bp	38.5 bp −$38	92.8 bp −$928	488.1 bp −$48.8K	972.0 bp −$486.0K
Sell Lighter live order book, 2 min ago	4.14 bp	6.0 bp −$6	16.4 bp −$164	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 CASHCAT	+0.0096%	1h	0.1695	−0.271%	$329K	$848K	3x	as long as short
Nado CASHCAT-PERP	+0.0100%	1h	0.1694	−0.353%	$253K	$190K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1695	−0.282%	$46.5M	$20.6M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1694	−0.329%	$1.4M	$2.0M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1695	−0.318%	$600K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1690	−0.602%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1689	−0.653%	$76K	$67K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1696	−0.229%	$69K	$1.3M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1695	−0.276%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1695	−0.276%	$509	$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	0.1703	+0.183%	$18K	$373K	10x	as long as short
Extended CASHCAT-USD	+0.0104%	1h	0.1695	−0.284%	$118K	$479K	5x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0359%	4h	0.1699	−0.059%	$1.3M	$10.8M	20x	as long as short
BloFin CASHCAT-USDT	+0.0580%	4h	0.1692	−0.471%	$50K	$506K	20x	as long as short
BingX CASHCAT-USDTlong	+0.0698%	4h	0.1700	long leg	—	$1.0M	—
Bybit CASHCATUSDT	+0.0840%	4h	0.1699	−0.088%	$13.0M	$18.6M	10x	as long as short
MEXC CASHCAT_USDT	+0.0890%	4h	0.1696	−0.212%	$8.5M	$496K	20x	as long as short
Lighter CASHCATshort	+0.0936%	1h	0.1696	−0.212%	$1.2M	$1.9M	3x
edgeX CASHCATUSDC	+0.1123%	4h	0.1690	−0.603%	$51K	$171K	5x	as long as short
Aster CASHCATUSDT	+0.2321%	1h	0.1693	−0.415%	$560K	$1.1M	10x	as long as short
Arcus CASHCAT-USD	+0.3384%	1h	0.1697	−0.189%	$117K	$220K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1722	+1.294%	$9K	$12K	5.5x	as long as short