Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h +0.046%

Price spread now: Lighter against BloFin+0.255%60s7-day average −0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.559% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$24 on $10k

Price spread, last 4 days (all we have)−0.598%−$60 · spread now +0.255%, 7d avg −0.105%

Together, before fees−0.353%+ Points / potential airdropLighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.360% dearer against BloFin than usual: you sell high and buy low (spread +0.255% now, against its 7-day average of −0.105%): +$36 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 45 days. Mind the row above: over the last 7 days funding on this pair paid +0.245%, so the current rate has only just turned against you. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CASHCAT-USDT	0.1648	0.0819	pay 0.0409% / 4h	1h 10m	$52K	$466K	20x
Short	Lighter CASHCAT	0.1652	0.0792	get 0.0099% / 1h	10m 15s	$1.2M	$1.7M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.255%Rate

Funding earned: −$5.57
Price spread: +0.255% → −0.105%: $35.96
Slippage, 4 orders: −$43.94
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$25.55
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from BloFin: live order book, 31 min ago; Lighter: live order book, 1 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 BloFin live order book, 31 min ago	9.17 bp	20.1 bp −$20	56.1 bp −$561	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	6.34 bp	9.3 bp −$9	16.6 bp −$166	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
Nado CASHCAT-PERP	+0.0100%	1h	0.1651	+0.155%	$248K	$185K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1652	+0.231%	$45.0M	$19.3M	3x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1652	+0.257%	$114K	$221K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1647	−0.049%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1651	+0.182%	$561K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1651	+0.187%	$1.2M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1648	+0.024%	$75K	$64K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1651	+0.179%	—	$2.4M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1651	+0.158%	$495	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1647	−0.085%	$18K	$342K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CASHCAT-USD	+0.0261%	1h	0.1653	+0.273%	$66K	$1.2M	3x	as long as short
Bybit CASHCATUSDT	+0.0336%	4h	0.1655	+0.407%	$12.3M	$17.9M	10x	as long as short
MEXC CASHCAT_USDT	+0.0352%	4h	0.1651	+0.158%	$8.2M	$511K	20x	as long as short
Lighter RH CASHCAT	+0.0392%	1h	0.1653	+0.291%	$321K	$829K	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1652	+0.230%	$100K	$500K	5x	as long as short
BingX CASHCAT-USDT	+0.0538%	4h	0.1647	−0.061%	—	$1.0M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0573%	4h	0.1648	0.000%	$1.3M	$10.6M	20x	as long as short
Lighter CASHCATshort	+0.0792%	1h	0.1652	+0.255%	$1.2M	$1.7M	3x
BloFin CASHCAT-USDTlong	+0.0819%	4h	0.1648	long leg	$52K	$466K	20x
edgeX CASHCATUSDC	+0.1215%	4h	0.1651	+0.182%	$50K	$169K	5x	as long as short
Aster CASHCATUSDT	+0.1634%	1h	0.1651	+0.158%	$551K	$1.0M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1676	+1.699%	$8K	$18K	5.5x	as long as short