Funding you earn now, next payment 06:00 UTC−0.0920%/8h= −100.7% APRnext payment −$1.15 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter against Extended−0.113%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$990.986% of the position
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.113%, 7d avg −0.020%
=Together, before fees+0.203%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and Lighter is 0.093% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.073%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.15 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 | Extended CASHCAT-USD | 0.1605 | 0.0480 | pay 0.0060% / 1h | 12m 17s | $100K | $748K | 5x |
| Short | Lighter CASHCAT | 0.1603 | −0.0440 | pay 0.0055% / 1h | 12m 17s | $1.1M | $1.9M | 3x |
Extended CASHCAT-USD
Lighter CASHCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$193.2
- Price spread: −0.113% → −0.020%
- −$9.25
- Slippage, 4 orders
- −$93.6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$301.05
- Costs to cover
- 0.986%
- Break-even
- never at this rate
Slippage from Extended: live order book, 36 min ago; Lighter: live order book, 4 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 Extended live order book, 36 min ago | 16.28 bp | 44.1 bp −$44 | 259.4 bp −$2,594 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 5.34 bp | 5.3 bp −$5 | 22.6 bp −$226 | 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 | −0.0440% | 1h | 0.1603 | −0.113% | $1.1M | $1.9M | 3x | |
| Lighter RH CASHCAT | +0.0096% | 1h | 0.1604 | −0.088% | $347K | $954K | 3x | as long as short |
| Nado CASHCAT-PERP | +0.0100% | 1h | 0.1601 | −0.250% | $205K | $192K | 5x | as long as short |
| Hyperliquid CASHCAT | +0.0100% | 1h | 0.1605 | −0.032% | $43.9M | $20.1M | 3x | as long as short |
| Gate CASHCAT_USDT | +0.0100% | 4h | 0.1603 | −0.119% | $1.4M | $2.0M | 20x | as long as short |
| KuCoin CASHCATUSDTM | +0.0100% | 4h | 0.1605 | −0.001% | $568K | $2.4M | 10x | as long as short |
| Variational Omni CASHCAT | +0.0100% | 4h | 0.1595 | −0.637% | $1.0M | $1.7M | — | as long as short |
| ApeX Omni CASHCATUSDT | +0.0100% | 1h | 0.1597 | −0.530% | $72K | $59K | 50x | as long as short |
| SunX CASHCAT-USDT | +0.0100% | 1h | 0.1605 | −0.031% | — | $2.4M | 10x | as long as short |
| SoDEX CASHCAT-USD | +0.0100% | 1h | 0.1605 | −0.032% | $481 | $1K | 3x | as long as short |
Lighter RH CASHCAT
Nado CASHCAT-PERP
Hyperliquid CASHCAT
Gate CASHCAT_USDT
KuCoin CASHCATUSDTM
Variational Omni CASHCAT
ApeX Omni CASHCATUSDT
SunX CASHCAT-USDT
SoDEX CASHCAT-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX CASHCAT-USDT | +0.0100% | 1h | 0.1602 | −0.201% | $19K | $301K | 10x | as long as short |
| Aster CASHCATUSDT | +0.0324% | 1h | 0.1596 | −0.574% | $535K | $1.1M | 10x | as long as short |
| MEXC CASHCAT_USDT | +0.0478% | 4h | 0.1604 | −0.063% | $8.0M | $524K | 20x | as long as short |
| Extended CASHCAT-USDlong | +0.0480% | 1h | 0.1605 | long leg | $100K | $748K | 5x | |
| Bybit CASHCATUSDT | +0.0520% | 4h | 0.1609 | +0.224% | $12.0M | $19.0M | 10x | as long as short |
| edgeX CASHCATUSDC | +0.0542% | 4h | 0.1594 | −0.690% | $48K | $170K | 5x | as long as short |
| Polymarket Perps CASHCAT-USD | +0.0663% | 1h | 0.1605 | −0.051% | $64K | $1.3M | 3x | as long as short |
| BingX CASHCAT-USDT | +0.1048% | 4h | 0.1608 | +0.167% | — | $1.1M | — | as long as short |
| OKX CASHCAT-USDT-SWAP | +0.1133% | 4h | 0.1608 | +0.167% | $1.5M | $11.8M | 20x | as long as short |
| BloFin CASHCAT-USDT | +0.1432% | 4h | 0.1605 | −0.019% | $52K | $544K | 20x | as long as short |
| Arcus CASHCAT-USD | +0.2390% | 1h | 0.1601 | −0.287% | $99K | $275K | 5x | as long as short |
| Injective CASHCAT/USDC PERP | +0.5000% | 1h | 0.1621 | +0.977% | $8K | $19K | 5.5x | as long as short |
HTX CASHCAT-USDT
Aster CASHCATUSDT
MEXC CASHCAT_USDT
Bybit CASHCATUSDT
edgeX CASHCATUSDC
Polymarket Perps CASHCAT-USD
BingX CASHCAT-USDT
OKX CASHCAT-USDT-SWAP
BloFin CASHCAT-USDT
Arcus CASHCAT-USD
Injective CASHCAT/USDC PERP