Funding arb · Price arb /

CASHCAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0824%/8h= −90.3% APRpaid last 24h −0.017%

Price spread now: Lighter RH against BloFin−0.143%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$750.749% of the position

Long on BloFin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.143%, 7d avg −0.017%

Together, before fees+0.088%+ Points / potential airdropLighter RH: Points live · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Lighter RH is 0.126% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment. 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	BloFin CASHCAT-USDT	0.1677	0.0920	pay 0.0460% / 4h	17m 15s	$53K	$582K	20x
Short	Lighter RH CASHCAT	0.1675	0.0096	get 0.0012% / 1h	17m 15s	$349K	$974K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.143%Rate

Funding earned: −$173.1
Price spread: −0.143% → −0.017%: −$12.58
Slippage, 4 orders: −$62.89
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$260.57
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from BloFin: live order book, 64 min ago; Lighter RH: live order book, 20 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, 64 min ago	9.11 bp	18.7 bp −$19	45.8 bp −$458	doesn't fit	doesn't fit
Sell Lighter RH live order book, 20 min ago	11.48 bp	13.9 bp −$14	19.2 bp −$192	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 CASHCAT	+0.0096%	1h	0.1672	−0.322%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCATshort	+0.0096%	1h	0.1675	−0.143%	$349K	$974K	3x
Hyperliquid CASHCAT	+0.0100%	1h	0.1674	−0.168%	$46.1M	$20.5M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1676	−0.072%	$12.5M	$19.2M	10x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1667	−0.581%	$103K	$316K	5x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1673	−0.256%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1676	−0.072%	$8.5M	$539K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1674	−0.185%	$591K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1668	−0.557%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1664	−0.751%	$75K	$60K	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX CASHCAT-USDT	+0.0100%	1h	0.1674	−0.184%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1674	−0.185%	$22K	$263K	10x	as long as short
SoDEX CASHCAT-USD	+0.0164%	1h	0.1675	−0.143%	$502	$1K	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1674	−0.166%	$239K	$887K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0542%	1h	0.1674	−0.197%	$66K	$1.4M	3x	as long as short
BingX CASHCAT-USDT	+0.0648%	4h	0.1675	−0.119%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0684%	4h	0.1675	−0.119%	$1.4M	$12.8M	20x	as long as short
edgeX CASHCATUSDC	+0.0807%	4h	0.1669	−0.468%	$51K	$168K	5x	as long as short
BloFin CASHCAT-USDTlong	+0.0920%	4h	0.1677	long leg	$53K	$582K	20x
Nado CASHCAT-PERP	+0.1362%	1h	0.1671	−0.358%	$247K	$207K	5x	as long as short
Aster CASHCATUSDT	+0.2642%	1h	0.1672	−0.272%	$559K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1749	+4.293%	$9K	$18K	5.5x	as long as short