Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.09213+0.0096pay 0.0012% / 1h51m 39s$306K$571K3xLong Lighter7d free
SHORT0.0920000.0000% / 1h51m 39s$6K$212K10xShort Deribit
Price gap−0.141%
Funding gap−0.0096% /8h

The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 2.4 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$148−0.0096% /8h now · paid +1.484% over the last 7D
Price+$7spread −0.141% now, avg −0.210% → +0.068% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$155+1.55%+ Points / potential airdropLighter: Season 3 · farm boardcosts unknown: book too thin at $10k ·

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.141%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CASHCAT on 26 exchanges

lowest funding first

Before you open

3 ok · 3 to watch
  • Problem: Doesn’t fit the books—
    $10k a leg is deeper than Deribit’s order book right now.
  • Note: Margin at max leverage$3,333 + $1,000
    Lighter 3x, Deribit 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$2.88Long Lighter: 24 payments, −$2.88; short Deribit: 24 payments, $0.00.
  • OK: Entry gap works for you−0.141% vs −0.210%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$6K vs $306K OI
    Deribit sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter Season 3
    Volume here counts toward the points program.
  • Watch: KYCLighter No · Deribit Yes
    ID, proof of address and a financial profile before any deposit; not for the US, Canada, Japan or retail UK clients.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0707%/8h × 21 periods+$148.37
Price spread−0.141% → −0.210% (7d avg)+$6.85
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Lighter bp × 2 orders$0.00
Fee Deribit bp × 2 orders−$7.00
Net · 7 days · $10k—
doesn’t fit the books at $10k
Costs to cover—Break-even—
Slippage: Lighter: live order book, 26 min ago; Deribit: live order book, 24 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGLighter6.2821.5 bp−$2189.3 bp−$893doesn’t fitdoesn’t fit
SELL · SHORTDeribit63.28doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

CASHCAT news

posts that mention CASHCAT, from every exchange
11-03 17:35Kraken FuturesOtherIs $Cashcat king? 👑 Find it on Kraken ⤵️ @krakenfx on X ↗
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10-15 10:02DeribitListing🚨 Now live on Deribit: PONS and CASHCAT USDC settled perpetuals. ↓ @DeribitOfficial on X ↗
10-15 10:01DeribitListingnew market CASHCAT_USDC-PERPETUAL ($CASHCAT) seen by our collector
09-22 17:11AvantisListingnew market CASHCAT/USD ($CASHCAT) seen by our collector
09-22 02:01PopdexTokenRound 4 of the PopDEX rewards has been airdroped. For trader&contributor rewards, this round covers activity from Sep 6 to Sep 20. Users with $150K+ cumulative trading volume were eligible. Top reward: 8,000 USDT. For Meme Gang War rewards, Robinhood Gang takes it with 25% positive-PnL traders. 👉🏻 The top 50 traders by volume in Robinhood Gang shared the winner rewards, with the top reward reaching 1,000 USDT. Plus: 1,000 USDT bonus pool shared by 51 $PONS / $CASHCAT traders. Check your PopDEX portfolio. 👀 @popdex_ on X ↗