Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1196%/8h= +131.0% APRpaid last 24h +0.122%

Price spread now: Lighter against Gate+0.193%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$200as in the Price arb table

costs, in and out, $10k−$2082.076% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.700%+$70 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.193%, 7d avg +0.116%

Together, before fees+0.679%+ Points / potential airdropLighter: Season 3 · farm board+$68 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Lighter is 0.077% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.116%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.700% in total (about 36.5% 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	Gate CASHCAT_USDT	0.1760	0.0100	pay 0.0050% / 4h	51m 06s	$1.5M	$1.9M	20x
Short	Lighter CASHCAT	0.1764	0.1296	get 0.0162% / 1h	51m 06s	$1.3M	$1.9M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.193%Rate

Funding earned: $251.16
Price spread: +0.193% → +0.116%: $7.69
Slippage, 4 orders: −$192.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $51.29
Costs to cover: 2.076%
Break-even: 5.6 days

Slippage from Gate: live order book, 1 min ago; Lighter: live order book, 11 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 Gate live order book, 1 min ago	8.82 bp	75.6 bp −$76	684.4 bp −$6,844	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	1.14 bp	39.5 bp −$39	160.9 bp −$1,609	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
Hyperliquid CASHCAT	+0.0100%	1h	0.1762	+0.080%	$49.7M	$18.4M	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1761	+0.040%	$1.1M	$10.7M	20x	as long as short
Gate CASHCAT_USDTlong	+0.0100%	4h	0.1760	long leg	$1.5M	$1.9M	20x
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1761	+0.011%	$595K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1756	−0.235%	$1.5M	$1.6M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1759	−0.057%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1761	+0.045%	—	$2.6M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1761	+0.011%	$528	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1760	−0.028%	$19K	$395K	10x	as long as short
Nado CASHCAT-PERP	+0.0217%	1h	0.1760	−0.017%	$248K	$155K	5x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CASHCATUSDT	+0.0225%	4h	0.1764	+0.210%	$13.2M	$18.1M	10x	as long as short
BingX CASHCAT-USDT	+0.0232%	4h	0.1762	+0.097%	—	$1.0M	—	as long as short
edgeX CASHCATUSDC	+0.0238%	4h	0.1760	+0.011%	$53K	$171K	5x	as long as short
MEXC CASHCAT_USDT	+0.0238%	4h	0.1763	+0.153%	$8.7M	$460K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0297%	1h	0.1763	+0.131%	$66K	$1.2M	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1761	+0.040%	$5K	$496K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1762	+0.073%	$96K	$464K	5x	as long as short
Lighter RH CASHCAT	+0.1160%	1h	0.1763	+0.165%	$339K	$815K	3x	as long as short
Lighter CASHCATshort	+0.1296%	1h	0.1764	+0.193%	$1.3M	$1.9M	3x
Arcus CASHCAT-USD	+0.1786%	1h	0.1758	−0.114%	$121K	$214K	5x	as long as short
Aster CASHCATUSDT	+0.3203%	1h	0.1762	+0.109%	$579K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1838	+4.414%	$12K	$9K	5.5x	as long as short