Funding arb · Price arb /

CASHCAT

all CASHCAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0679%/8h= +74.3% APRpaid last 24h −0.123%

Price spread now: Bybit against Lighter+0.072%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$970.968% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.641%−$64 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.072%, 7d avg +0.063%

Together, before fees−0.638%+ Points / potential airdropLighter: Season 3 · farm board−$64 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.063%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.641%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CASHCAT	0.1675	0.0496	pay 0.0062% / 1h	23m 48s	$1.2M	$1.7M	3x
Short	Bybit CASHCATUSDT	0.1676	0.1175	get 0.0587% / 4h	2h 23m	$12.7M	$18.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Lighter. 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 LighterbpFee BybitbpOrdersPrice spread, now +0.072%Rate

Funding earned: $142.55
Price spread: +0.072% → +0.063%: $0.82
Slippage, 4 orders: −$85.83
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $46.54
Costs to cover: 0.968%
Break-even: 4.7 days

Slippage from Lighter: live order book, 3 min ago; Bybit: live order book, 5 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 Lighter live order book, 3 min ago	6.24 bp	8.0 bp −$8	16.6 bp −$166	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.79 bp	43.9 bp −$44	126.1 bp −$1,261	doesn't fit	doesn't fit

CASHCAT on 21 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
Nado CASHCAT-PERP	+0.0100%	1h	0.1671	−0.248%	$250K	$190K	5x	as long as short
Hyperliquid CASHCAT	+0.0100%	1h	0.1673	−0.161%	$45.8M	$19.9M	3x	as long as short
Gate CASHCAT_USDT	+0.0100%	4h	0.1673	−0.149%	$1.4M	$1.9M	20x	as long as short
KuCoin CASHCATUSDTM	+0.0100%	4h	0.1674	−0.042%	$592K	$2.4M	10x	as long as short
Variational Omni CASHCAT	+0.0100%	4h	0.1683	+0.485%	$1.4M	$1.4M	—	as long as short
ApeX Omni CASHCATUSDT	+0.0100%	1h	0.1671	−0.245%	$75K	$64K	50x	as long as short
Polymarket Perps CASHCAT-USD	+0.0100%	1h	0.1673	−0.137%	$68K	$1.2M	3x	as long as short
SunX CASHCAT-USDT	+0.0100%	1h	0.1677	+0.086%	—	$2.5M	10x	as long as short
SoDEX CASHCAT-USD	+0.0100%	1h	0.1672	−0.179%	$502	$1K	3x	as long as short
HTX CASHCAT-USDT	+0.0100%	1h	0.1674	−0.090%	$18K	$361K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CASHCAT-USD	+0.0104%	1h	0.1673	−0.147%	$117K	$477K	5x	as long as short
Lighter RH CASHCAT	+0.0368%	1h	0.1676	+0.024%	$325K	$814K	3x	as long as short
OKX CASHCAT-USDT-SWAP	+0.0448%	4h	0.1676	+0.048%	$1.3M	$10.8M	20x	as long as short
Lighter CASHCATlong	+0.0496%	1h	0.1675	long leg	$1.2M	$1.7M	3x
BingX CASHCAT-USDT	+0.1152%	4h	0.1676	+0.048%	—	$1.0M	—	as long as short
Bybit CASHCATUSDTshort	+0.1175%	4h	0.1676	+0.072%	$12.7M	$18.3M	10x
MEXC CASHCAT_USDT	+0.1178%	4h	0.1676	+0.036%	$8.4M	$498K	20x	as long as short
Aster CASHCATUSDT	+0.1279%	1h	0.1675	−0.028%	$552K	$1.1M	10x	as long as short
edgeX CASHCATUSDC	+0.1903%	4h	0.1675	+0.010%	$50K	$170K	5x	as long as short
Arcus CASHCAT-USD	+0.2842%	1h	0.1677	+0.110%	$116K	$222K	5x	as long as short
Injective CASHCAT/USDC PERP	+0.5000%	1h	0.1703	+1.660%	$8K	$12K	5.5x	as long as short