CASHCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1188%/8h= +130.1% APRnext payment +$1.49 per $10,000 · paid last 24h +0.112%

Price spread now: Lighter against Hyperliquid+0.307%7-day average −0.063% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.291%+$29 on $10k

Price spread, last 7 days−0.375%−$38 · spread now +0.307%, 7d avg −0.063%

Together, before fees−0.084%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$8 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 0.369% dearer against Hyperliquid than usual: you sell high and buy low: +$37 more if the spread goes back to its 7-day average of −0.063%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.291% in total (about 15.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.49 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	Hyperliquid CASHCAT	0.1696	0.0100	pay 0.0013% / 1h	5m 39s	$47.5M	$19.2M	3x
Short	Lighter CASHCAT	0.1701	0.1288	get 0.0161% / 1h	5m 39s	$1.2M	$2.0M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now +0.307%Rate

Funding earned: $249.48
Price spread: +0.307% → −0.063%: $36.93
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $277.41
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 8 min ago; Lighter: live order book, 6 min ago. Net counts fees only.

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 Hyperliquid live order book, 8 min ago	4.93 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	5.20 bp	5.2 bp −$5	10.8 bp −$108	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 CASHCATlong	+0.0100%	1h	0.1696	long leg	$47.5M	$19.2M	3x
Bybit CASHCATUSDT	+0.0100%	4h	0.1700	+0.230%	$12.8M	$18.3M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1699	+0.165%	$1.1M	$10.5M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1697	+0.024%	$1.4M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1701	+0.277%	$8.4M	$477K	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1697	+0.041%	$576K	$2.4M	10x	as long as short
BingX CASHCAT-USDT	+0.0100%	4h	0.1697	+0.047%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1703	+0.373%	$1.4M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1727	+1.816%	$78K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1689	−0.422%	—	$2.6M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CASHCAT-USD	+0.0100%	1h	0.1698	+0.118%	$509	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1678	−1.048%	$18K	$386K	10x	as long as short
Polymarket Perps CASHCAT-USD	+0.0306%	1h	0.1700	+0.230%	$66K	$1.2M	3x	as long as short
Lighter RH CASHCAT	+0.0328%	1h	0.1700	+0.218%	$329K	$841K	3x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1692	−0.248%	$49K	$476K	20x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1696	−0.017%	$99K	$466K	5x	as long as short
Nado CASHCAT-PERP	+0.0672%	1h	0.1699	+0.195%	$243K	$161K	5x	as long as short
edgeX CASHCATUSDC	+0.0754%	4h	0.1731	+2.073%	$52K	$171K	5x	as long as short
Lighter CASHCATshort	+0.1288%	1h	0.1701	+0.307%	$1.2M	$2.0M	3x
Arcus CASHCAT-USD	+0.1786%	1h	0.1698	+0.091%	$117K	$216K	5x	as long as short
Aster CASHCATUSDT	+0.3008%	1h	0.1698	+0.100%	$560K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1837	+8.301%	$9K	$12K	5.5x	as long as short