Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.101%

Price spread now: Lighter RH against Gate+0.229%7-day average +0.154% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1901.895% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.540%+$54 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now +0.229%, 7d avg +0.154%

Together, before fees+0.624%+ Points / potential airdropLighter RH: Points live · farm board+$62 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.075% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.154%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CASHCAT_USDT	0.1659	0.0100	pay 0.0050% / 4h	38m 17s	$1.5M	$2.0M	20x
Short	Lighter RH CASHCAT	0.1663	0.0096	get 0.0012% / 1h	38m 17s	$356K	$958K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.229%Rate

Funding earned: −$0.84
Price spread: +0.229% → +0.154%: $7.55
Slippage, 4 orders: −$174.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$182.84
Costs to cover: 1.895%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Lighter RH: live order book, 64 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, 4 min ago	10.22 bp	62.5 bp −$63	1008.2 bp −$10.1K	doesn't fit	doesn't fit
Sell Lighter RH live order book, 64 min ago	13.46 bp	13.5 bp −$13	20.8 bp −$208	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	0.1661	+0.151%	$1.1M	$1.8M	3x	as long as short
Lighter RH CASHCATshort	+0.0096%	1h	0.1663	+0.229%	$356K	$958K	3x
Hyperliquid CASHCAT	+0.0100%	1h	0.1659	+0.006%	$45.6M	$20.5M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1658	−0.066%	$12.4M	$19.1M	10x	as long as short
Arcus CASHCAT-USD	+0.0100%	1h	0.1665	+0.360%	$119K	$296K	5x	as long as short
Gate CASHCAT_USDTlong	+0.0100%	4h	0.1659	long leg	$1.5M	$2.0M	20x
MEXC CASHCAT_USDT	+0.0100%	4h	0.1660	+0.066%	$8.3M	$528K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1659	+0.036%	$580K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1668	+0.547%	$1.1M	$1.8M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1664	+0.295%	$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	0.1659	+0.015%	—	$2.4M	10x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1669	+0.612%	$22K	$278K	10x	as long as short
SoDEX CASHCAT-USD	+0.0122%	1h	0.1658	−0.084%	$497	$1K	3x	as long as short
edgeX CASHCATUSDC	+0.0446%	4h	0.1669	+0.588%	$51K	$168K	5x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1657	−0.094%	$208K	$854K	5x	as long as short
Polymarket Perps CASHCAT-USD	+0.0760%	1h	0.1660	+0.066%	$65K	$1.3M	3x	as long as short
BingX CASHCAT-USDT	+0.0786%	4h	0.1656	−0.175%	—	$1.1M	—	as long as short
OKX CASHCAT-USDT-SWAP	+0.0790%	4h	0.1656	−0.175%	$1.4M	$12.5M	20x	as long as short
Aster CASHCATUSDT	+0.1012%	1h	0.1664	+0.279%	$555K	$1.1M	10x	as long as short
BloFin CASHCAT-USDT	+0.1058%	4h	0.1659	+0.006%	$52K	$566K	20x	as long as short
Nado CASHCAT-PERP	+0.1436%	1h	0.1656	−0.187%	$245K	$216K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1685	+1.573%	$8K	$18K	5.5x	as long as short