Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0468%/8h= +51.2% APRpaid last 24h +0.146%

Price spread now: Lighter RH against KuCoin+0.300%7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1681.682% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.551%+$55 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now +0.300%, 7d avg +0.162%

Together, before fees+0.649%+ Points / potential airdropLighter RH: Points live · farm board+$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Lighter RH is 0.138% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.162%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CASHCATUSDTM	0.1733	0.0100	pay 0.0050% / 4h	15m 46s	$585K	$2.3M	10x
Short	Lighter RH CASHCAT	0.1738	0.0568	get 0.0071% / 1h	15m 46s	$332K	$827K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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 KuCoinbpFee Lighter RHbpOrdersPrice spread, now +0.300%Rate

Funding earned: $98.28
Price spread: +0.300% → +0.162%: $13.82
Slippage, 4 orders: −$156.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$56.15
Costs to cover: 1.682%
Break-even: 11.0 days

Slippage from KuCoin: live order book, 1 min ago; Lighter RH: live order book, 62 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 KuCoin live order book, 1 min ago	5.41 bp	68.2 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 62 min ago	8.65 bp	8.7 bp −$9	83.6 bp −$836	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	0.1735	+0.156%	$48.9M	$18.6M	3x	as long as short
Bybit CASHCATUSDT	+0.0100%	4h	0.1736	+0.214%	$13.0M	$18.1M	10x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0100%	4h	0.1736	+0.196%	$1.1M	$10.4M	20x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1733	+0.029%	$1.5M	$2.0M	20x	as long as short
MEXC CASHCAT_USDT	+0.0100%	4h	0.1740	+0.421%	$8.7M	$468K	20x	as long as short
KuCoin CASHCATUSDTMlong	+0.0100%	4h	0.1733	long leg	$585K	$2.3M	10x
BingX CASHCAT-USDT	+0.0100%	4h	0.1738	+0.312%	—	$1.0M	—	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1759	+1.500%	$1.5M	$1.5M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1753	+1.177%	$79K	$72K	50x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1757	+1.423%	—	$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	0.1735	+0.150%	$521	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1757	+1.428%	$19K	$388K	10x	as long as short
BloFin CASHCAT-USDT	+0.0340%	4h	0.1756	+1.351%	$50K	$490K	20x	as long as short
Polymarket Perps CASHCAT-USD	+0.0403%	1h	0.1757	+1.431%	$66K	$1.2M	3x	as long as short
Extended CASHCAT-USD	+0.0480%	1h	0.1736	+0.180%	$101K	$466K	5x	as long as short
Lighter RH CASHCATshort	+0.0568%	1h	0.1738	+0.300%	$332K	$827K	3x
Nado CASHCAT-PERP	+0.0648%	1h	0.1754	+1.221%	$247K	$155K	5x	as long as short
edgeX CASHCATUSDC	+0.0782%	4h	0.1757	+1.412%	$53K	$172K	5x	as long as short
Lighter CASHCAT	+0.1448%	1h	0.1739	+0.346%	$1.2M	$1.9M	3x	as long as short
Arcus CASHCAT-USD	+0.1786%	1h	0.1756	+1.359%	$121K	$216K	5x	as long as short
Aster CASHCATUSDT	+0.3672%	1h	0.1740	+0.408%	$572K	$1.1M	10x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1855	+7.065%	$12K	$9K	5.5x	as long as short